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Japan Steel Works Ltd (5631.T)

5631.T on Tokyo Stock Exchange

462JPY
25 Jul 2016
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¥462
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¥328

Latest Key Developments (Source: Significant Developments)

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

Japan Steel Works Ltd lowers consolidated full-year outlook and to issue mid-year dividend and lowers year-end dividend forecast for FY 2015
Tuesday, 4 Nov 2014 01:00am EST 

Japan Steel Works Ltd:Says the company confirmed the consolidated full-year outlook for revenue at 200,000 million yen for the fiscal year ending March 31, 2015.Sees a decrease of operating profit forecast to 7,500 million yen from 9,500 million yen.Sees a decrease of ordinary profit forecast to 8,500 million yen from 10,000 million yen.Sees a decrease of net profit forecast to a loss of 4,500 million yen from 6,000 million yen.Sees a decrease of earnings per share to a loss of 12.15 yen from 16.19 yen.FY 2015 revenues of 195.32 billion yen, net profit of 6.05 billion yen – Thomson Reuters I/B/E/S.Comments the XXXX are the main reasons for the forecast.To issue a mid-year dividend of 2.5 yen per share to all the shareholders of record as of Sep. 30, for the fiscal year ending March 31, 2015.Payment date Dec. 5.Says the dividend amount is below the latest forecast disclosed on May 7.Sees year-end dividend of 2.00 yen per share lowered from 2.50 yen per share.  Full Article

Japan Steel Works Ltd expects extraordinary loss for Q2 of FY 2015
Monday, 20 Oct 2014 02:00am EDT 

Japan Steel Works Ltd:Expects extraordinary loss of 16 bln yen as loss from parts problem of wind turbine power generators for Q2 of FY ending March 2015.  Full Article

R&I affirms Japan Steel Works Ltd's rating at "A" and announces stable outlook
Monday, 25 Aug 2014 02:04am EDT 

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

Brazil's Gerdau, Japan's Sumitomo, JSW form wind power joint venture

Jan 27 Brazilian steelmaker Gerdau SA will form a joint venture with Japan's Sumitomo Corp and Japan Steel Works Ltd (JSW) to compete in the wind power sector in Brazil, Gerdau said on Wednesday.