Key Developments: Hitachi Metals Ltd (5486.T)

5486.T on Tokyo Stock Exchange

2,075JPY
26 Dec 2014
Price Change (% chg)

¥24 (+1.17%)
Prev Close
¥2,051
Open
¥2,065
Day's High
¥2,075
Day's Low
¥2,051
Volume
433,000
Avg. Vol
1,609,738
52-wk High
¥2,130
52-wk Low
¥1,286

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Latest Key Developments (Source: Significant Developments)

Hitachi Metals Ltd raises consolidated full-year outlook for FY 2015
Monday, 27 Oct 2014 02:00am EDT 

Hitachi Metals Ltd:Says the company raised the consolidated full-year outlook for the FY ending March 2015.Revenue forecast increased to 990,000 million yen from 910,000 million yen.Operating profit forecast increased to 77,000 million yen from 68,000 million yen.Ordinary profit forecast increased to 72,500 million yen from 65,000 million yen.Net profit forecast increased to 46,000 million yen from 42,000 million yen.Earnings per share forecast increased to 107.57 yen from 98.21 yen.FY 2015 revenues of 933.17 billion yen, net income of 49.27 billion yen – Thomson Reuters I/B/E/S.Comments that steady increase of demand and involved performance of subsidiary are the main reasons for the forecast.  Full Article

Hitachi Metals Ltd and Hitachi Rail Europe signs supply agreement of Rolling Stock Cables for Railway Carriages of the UK Intercity Express Programme
Monday, 8 Sep 2014 10:00pm EDT 

Hitachi Metals Ltd and Hitachi Rail Europe:Says that they have signed supply agreement of Rolling Stock Cables for Railway Carriages of the UK Intercity Express Programme.For the supply of rolling stock cables for the Class 800/801 trains on the Great Western Main Line and the East Coast Main Line, which are both part of the Intercity Express Programme.  Full Article

Hitachi Metals Ltd to acquire company
Tuesday, 19 Aug 2014 02:15am EDT 

Hitachi Metals Ltd:To acquire 100 shares (100 pct stake) of Waupaca Foundry Holdings, Inc from WF Global II B.V for about $1,314 million in October.  Full Article

Hitachi Metals Ltd raises consolidated mid-year outlook for FY 2015
Tuesday, 29 Jul 2014 02:00am EDT 

Hitachi Metals Ltd:Says the company increased the consolidated mid-year outlook for revenue to 447,000 million yen from 443,000 million yen for FY ending March 2015.Operating profit forecast increased to 34,000 million yen from 31,500 million yen.Ordinary profit forecast increased to 32,200 million yen from 30,000 million yen.Net profit forecast increased to 25,000 million yen from 19,500 million yen.Earnings per share increased to 58.46 yen from 45.6 yen.Comments the sales increase as the main reason for the forecast.  Full Article

Hitachi Metals Ltd completes acquisition of shares of MMC Superalloy Corporation from Mitsubishi Materials Corp
Tuesday, 1 Jul 2014 02:00am EDT 

Hitachi Metals Ltd:Completed acquisition of stake in MMC Superalloy Corporation, a subsidiary of Mitsubishi Materials Corp, from Mitsubishi Materials Corp, on July 1.Says it is holding a 51 pct stake in MMC Superalloy Corporation, up from 0 pct, after the transaction.  Full Article

R&I affirms Hitachi Metals Ltd's rating at "A" and announces stable outlook
Tuesday, 24 Jun 2014 02:00am EDT 

Hitachi Metals Ltd:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A".Rating outlook stable.  Full Article

Hitachi Metals to pay year-end dividend for FY 2014
Wednesday, 28 May 2014 01:00am EDT 

Hitachi Metals Ltd:To pay year-end dividend of 10 yen per share (7 yen as common dividend and 3 yen as special dividend), in line with latest dividend forecast, for fiscal year 2014.Record date March 31 and effective date May 30.  Full Article

Hitachi Metals announces decision of European Commission
Wednesday, 2 Apr 2014 08:50pm EDT 

Hitachi Metals Ltd:Imposed fine of 2,346,000 euros by European Commission for violation of European competition laws related to high-voltage power cable transaction.  Full Article

Hitachi Metals Ltd announces change of president and chairman
Wednesday, 26 Feb 2014 01:00am EST 

Hitachi Metals Ltd:Appoints Hideaki Takahashi as new executive president and Kazuyuki Konishi as chairman of the executive board.Says current president and chairman Hiroyuki Fujii will serve as director.Effective date April 1.  Full Article

Hitachi Metals Ltd to invest in Mitsubishi Materials Corp's subsidiary
Wednesday, 29 Jan 2014 01:30am EST 

Hitachi Metals Ltd:Says it will acquire 9,620 shares of MMC Superalloy Corporation, a subsidiary of Mitsubishi Materials Corp, from Mitsubishi Materials Corp.Says it will also acquire 22,000 new shares issued by MMC Superalloy Corporation.Says it will hold a 51 pct stake in MMC Superalloy Corporation, up from 0 pct, after the transaction.Says the transaction amount is 5,198 million yen in total.  Full Article

Hitachi Metals to plead guilty, pay $1.25 mln fine for price fixing

WASHINGTON, Oct 31 - Hitachi Metals Ltd will pay a $1.25 million fine and plead guilty for fixing prices and rigging bids of brake hose installed in cars in the United States, the U.S. Justice Department said on Friday.

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