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Japan Steel Works Ltd (5631.T)

5631.T on Tokyo Stock Exchange

2,085JPY
7 Dec 2016
Change (% chg)

¥52 (+2.56%)
Prev Close
¥2,033
Open
¥2,056
Day's High
¥2,094
Day's Low
¥2,047
Volume
538,300
Avg. Vol
412,721
52-wk High
¥2,580
52-wk Low
¥1,640

Latest Key Developments (Source: Significant Developments)

R&I affirms Japan Steel Works's rating at "A-" and says stable outlook – R&I
Tuesday, 6 Sep 2016 02:07am EDT 

Japan Steel Works Ltd <5631.T>: Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A-" – R&I .Rating outlook stable– R&I.  Full Article

Competition Commission of India approves JV between Gerdau S.A, Sumitomo Corp & Japan Steel Works<5631.T><8053.T>
Tuesday, 23 Aug 2016 08:00am EDT 

Competition Commission of India: CCI approves formation of joint venture between Gerdau S.A., Sumitomo Corporation and the Japan Steel Works Ltd . Further company coverage [GGBR4.SA] [8053.T] [5631.T] ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

Japan Steel Works expects extraordinary loss and amends consolidated full-year outlook for FY 2016
Monday, 25 Apr 2016 02:00am EDT 

Japan Steel Works Ltd:Expects an extraordinary loss of 35.4 bln yen for FY ended March 2016.Says the loss is recorded for impairment loss on fixed assets.Says the company increased the consolidated full-year outlook for revenue to 220,000 mln yen from 210,000 mln yen for FY ended March 2016.Operating profit forecast increased to 14,000 mln yen from 12,000 mln yen.Ordinary profit forecast increased to 14,000 mln yen from 12,500 mln yen.Net profit forecast decreased to -17,000 mln yen from 7,200 mln yen.Earnings per share decreased to -46.38 yen from 19.64 yen.FY 2016 revenues of 210.90 bln yen, net income of 7.86 bln yen – Thomson Reuters I/B/E/S.Comments increased income from industrial machinery business and property selling as well as the extraordinary loss are the main reasons for the forecast.  Full Article

Japan Steel Works receives report from internal investigation committee
Monday, 25 Apr 2016 02:00am EDT 

Japan Steel Works Ltd:Receives report and confirms improper accounting treatment happened in its Hokkaido-based wholly owned subsidiary(FCC), from FY 2014 to FY 2016.Says amount of about 1.2 bln yen.  Full Article

Japan Steel Works to set up internal investigation committee
Monday, 28 Mar 2016 02:00am EDT 

Japan Steel Works Ltd:To set up internal investigation committee to investigate the details of improper accounting treatment happened in its Hokkaido-based wholly owned subsidiary(FCC).  Full Article

Japan Steel Works raises consolidated full-year profit outlook for FY 2016
Monday, 8 Feb 2016 01:00am EST 

Japan Steel Works Ltd:Says the company reaffirmed the consolidated full-year outlook for revenue at 210,000 mln yen for the fiscal year ending March 2016.Operating profit forecast increased to 12,000 mln yen from 10,500 mln yen.Ordinary profit forecast increased to 12,500 mln yen from 11,000 mln yen.Net profit forecast increased to 7,200 mln yen from 6,700 mln yen.Earnings per share increased to 19.64 yen from 18.24 yen.FY 2016 revenues of 209.33 billion yen, net income of 8.11 billion yen – Thomson Reuters I/B/E/S.  Full Article

Japan Steel Works to acquire Meiki
Monday, 30 Nov 2015 01:30am EST 

Japan Steel Works Ltd:To fully acquire Meiki through stock swap on March 1, 2016.Meiki will delist on Feb. 25, 2016.0.21 share of Japan Steel Works swap one share of Meiki.  Full Article

Japan Steel Works amends consolidated full-year outlook for FY 2016
Monday, 2 Nov 2015 01:00am EST 

Japan Steel Works Ltd:Says the company reaffirmed the consolidated full-year outlook for revenue at 210,000 million yen for FY ending March 2016.Operating profit forecast increased to 10,500 million yen from 10,000 million yen.Ordinary profit forecast increased to 11,000 million yen from 10,500 million yen.Confirms the net profit attributable to parent company's shareholders forecast at 6,700 million yen.Earnings per share increased to 18.24 yen from 18.14 yen.Comments the sales decrease in H1 and costs reduction are the main reasons for the forecast.  Full Article

R&I downgrades Japan Steel Works Ltd's rating to "A-" and announces stable outlook
Wednesday, 9 Sep 2015 02:00am EDT 

Japan Steel Works Ltd:Rating and Investment Information, Inc. (R&I) downgraded Japan Steel Works Ltd's rating to "A-", previously "A".Rating outlook is stable.  Full Article

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Nippon Steel says stronger yen could hit Japan steel demand recovery

TOKYO A soaring yen in the wake of Britain's decision to leave the European Union may stymie a possible recovery in Japanese demand for steel, said an official at the country's top maker of the material.