Key Developments: Furukawa Co Ltd (5715.T)

5715.T on Tokyo Stock Exchange

185JPY
18 Apr 2014
Price Change (% chg)

¥2 (+1.09%)
Prev Close
¥183
Open
¥186
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¥186
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¥184
Volume
1,033,000
Avg. Vol
1,804,127
52-wk High
¥265
52-wk Low
¥113

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Latest Key Developments (Source: Significant Developments)

FURUKAWA raises year-end dividend forecast for FY 2014
Tuesday, 25 Mar 2014 02:00am EDT 

FURUKAWA CO LTD:Raised year-end dividend forecast to 3 yen per share up from 2 yen per share for the fiscal year ending March 2014.  Full Article

FURUKAWA CO LTD raises full-year consolidated outlook for FY 2014
Wednesday, 5 Feb 2014 12:00am EST 

FURUKAWA CO LTD:Sees raised full-year consolidated outlook for fiscal year ending Mar. 31, 2014.Sees full-year revenue of 162,000 million yen raised from 160,000 million yen.Sees full-year operating profit of 6,000 million yen raised from 5,700 million yen.Sees full-year ordinary profit of 5,300 million yen raised from 4,500 million yen.Sees full-year net profit of 3,000 million yen raised from 2,500 million yen.Sees full-year earnings per share of 7.42 yen raised from 6.19 yen.Says outlook raised due to increase in steel price and depreciation of yen.  Full Article

FURUKAWA CO LTD Raises Consolidated Full-year Outlook for FY 2014
Monday, 11 Nov 2013 12:00am EST 

FURUKAWA CO LTD announced that it has raised its consolidated full-year outlook for revenue from JPY 150,000 million to JPY 160,000 million, operating profit from JPY 4,700 million to JPY 5,700 million, ordinary profit from JPY 3,000 million to JPY 4,500 million, net profit from JPY 2,000 million to JPY 2,500 million and earning per share from JPY 4.95 to JPY 6.19 , for the fiscal year ending March 2014. The Company raised the outlook due to the increased sales and the impact of the lower yen.  Full Article

JCR Affirms Rating on FURUKAWA CO LTD at "BBB-"; Rating Outlook Stable - JCR
Thursday, 12 Sep 2013 01:31am EDT 

Japan Credit Rating Agency, Ltd. (JCR) reported that it has affirmed the rating on FURUKAWA CO LTD at "BBB-". The rating outlook is stable.  Full Article

FURUKAWA CO LTD Raises Mid-year Consolidated Outlook for FY 2014
Monday, 5 Aug 2013 01:00am EDT 

FURUKAWA CO LTD announced that it has raised its mid-year consolidated outlook for revenue from JPY 74,200 million to JPY 78,000 million, operating profit from JPY 1,800 million to JPY 2,100 million, ordinary profit from JPY 1,000 million to JPY 1,800 million, net profit from JPY 0 million to JPY 700 million, and earnings per share from JPY 0.00 to JPY 1.73, for the fiscal year ending March 2014. The Company raised its mid-year consolidated outlook mainly due to the increase in revenue from metal division and unic division and depreciation of yen.  Full Article

FURUKAWA CO LTD Raises Consolidated Full-year Outlook for FY 2013; Announces Officer Changes
Friday, 26 Apr 2013 02:00am EDT 

FURUKAWA CO LTD announced that it has raised its consolidated full-year outlook for revenue from JPY 164,000 million to JPY 165,000 million, operating profit from JPY 2,700 million to JPY 3,300 million, ordinary profit from JPY 1,500 million to JPY 2,700 million, net profit from JPY 2,000 million to JPY 2,900 million and earning per share from JPY 4.95 to JPY 7.18 for the fiscal year ended March 31, 2013. The positive outlook is mainly due to the increase of profits of its industry machinery division, unique division and metal division, as well as gain on lowered exchange rate. The Company also announced that it has appointed Nobuyoshi Soma as Chairman of the Board and Representative Director, Naohisa Miyakawa as President and Representative Director, effective June 27, 2013.  Full Article

FURUKAWA CO LTD Amends Year-end Dividend Forecast for FY 2013
Friday, 22 Mar 2013 02:00am EDT 

FURUKAWA CO LTD announced that it has amended the year-end dividend forecast from an undetermined value to JPY 2 per share, for the fiscal year ending March 2013.  Full Article

FURUKAWA CO LTD Sells Shares in Tohpe Corp
Thursday, 21 Mar 2013 11:00pm EDT 

FURUKAWA CO LTD announced that it has sold all the 16,479,764 shares (a 53.16% stake) in Tohpe Corp, through a takeover bid launched by Zeon Corp, for JPY 125 per share (JPY 2,059,970,500 in total) on March 21, 2013. As a result, Tohpe Corp will no longer be a subsidiary of FURUKAWA CO LTD, effective March 27, 2013.  Full Article

FURUKAWA CO LTD Agrees on Zeon Corp's Takeover Bid for Shares of Tohpe Corp; Expects Extraordinary Profit for FY 2013
Wednesday, 6 Feb 2013 01:15am EST 

FURUKAWA CO LTD announced that it has agreed to Zeon Corp's Takeover bid for shares of Tohpe Corp, which was disclosed earlier today. The Company will subscribe all its stake in Tohpe Corp (16,479,764 shares, or a 53.16% stake), for JPY 2,059,970,500 in total. The takeover bid period is from February 7, 2013 to March 21, 2013. The settlement date is March 27, 2013. After this, FURUKAWA CO LTD will hold no stake in Tohpe Corp. The Company is expecting an extraordinary profit of approximately JPY 800 million, as gain on the selling of subsidiary's shares, for the fiscal year ending March 2013.  Full Article

FURUKAWA CO LTD Amends Consolidated Full-year Outlook for FY 2013
Wednesday, 6 Feb 2013 01:15am EST 

FURUKAWA CO LTD announced that it has reaffirmed the consolidated full-year outlook for revenue at JPY 164,000 million, ordinary profit at JPY 1,500 million, but has lowered the full-year outlook for operating profit from JPY 3,000 million to JPY 2,700 million, and raised the full-year outlook for net profit from JPY 1,000 million to JPY 2,000 million and earning per share from JPY 2.47 to JPY 4.95 for the fiscal year ending March 31, 2013. the negative operating profit is mainly due to less-than-expected profit of development machinery division and electronic division. The positive net profit is mainly due to the record of extraordinary profit in the selling of Tohpe Corp's shares.  Full Article

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