Key Developments: Nasu Denki Tekko Co Ltd (5922.T)

5922.T on Tokyo Stock Exchange

380JPY
31 Oct 2014
Price Change (% chg)

¥1 (+0.26%)
Prev Close
¥379
Open
¥385
Day's High
¥385
Day's Low
¥375
Volume
14,000
Avg. Vol
34,565
52-wk High
¥575
52-wk Low
¥263

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Latest Key Developments (Source: Significant Developments)

Nasu Denki Tekko raises full-year consolidated revenue outlook for FY 2014
Monday, 19 May 2014 05:00am EDT 

Nasu Denki Tekko Co Ltd:Full-year consolidated outlook for revenue of 22,400 mln yen raised from 20,800 mln yen, for fiscal year ended March 31, 2014.Full-year operating profit outlook of 50 mln yen raised from 20 mln yen.Full-year ordinary profit (loss) outlook of (40 mln) yen raised from (70 mln) yen.Full-year net profit (loss) outlook of (700 mln) yen lowered from (310 mln) yen.Full-year earnings (loss) per share outlook of (59.98) yen lowered from (26.56) yen.Revenue, operating profit and ordinary profit outlook raised due to increased orders for communication hardware, and net profit outlook lowered due to increased loss on subsidiary and impact of tax.  Full Article

Nasu Denki Tekko to transfer business of subsidiary to new joint venture
Friday, 4 Apr 2014 03:00am EDT 

Nasu Denki Tekko Co Ltd:To set up a joint venture with M.C.S.STEEL-JAPAN by late May, for operation of steel frame processing business.To sell steel frame processing business of a subsidiary NASU STRUCTURE KOGYO CO., LTD., to the new joint venture in late May.To dissolve NASU STRUCTURE KOGYO after the business transfer.  Full Article

Nasu Denki Tekko Co Ltd Announces Outcome of Investigation of Former Employee
Wednesday, 30 Oct 2013 03:00am EDT 

Nasu Denki Tekko Co Ltd announced that it has conducted an investigation on a former employee and found out that the fake receipts made by the employee during the period from October 2006 to August 2013 has caused damage of JPY 203 million. The Company will take measure to prevent similar things from happening again. This was previously disclosed on September 12, 2013.  Full Article

Nasu Denki Tekko Co Ltd Amends Consolidated Mid-year and Full-year Outlook for FY 2014
Wednesday, 30 Oct 2013 03:00am EDT 

Nasu Denki Tekko Co Ltd announced that it has raised consolidated mid-year outlook for revenue from JPY 8,650 million to JPY 9,120 million, but lowered the outlook for operating profit (loss) from JPY 10 million to JPY (65 million), ordinary profit (loss) from JPY (25 million) to JPY (95 million), net profit (loss) from JPY (30 million) to JPY (290 million), earnings (loss) per share from JPY (2.57) to JPY (24.84) for the fiscal year ending March 2014. The Company also announced that it has affirmed the consolidated full-year outlook for revenue at JPY 20,800 million, operating profit from JPY 300 million to JPY 20 million, ordinary profit (loss) from JPY 200 million to JPY (70 million), net profit (loss) from JPY 100 million to JPY (310 million), earnings (loss) per share from JPY 8.57 to JPY (26.56) for the fiscal year ending March 2014. The negative profit outlook is mainly due to unprofitable and delayed projects.  Full Article

Nasu Denki Tekko Co Ltd Announces Investigation of Former Employee
Thursday, 12 Sep 2013 02:00am EDT 

Nasu Denki Tekko Co Ltd announced that it has conducted an investigation on a former employee and found out that the fake receipts made by the employee during the period from October 2006 to August 2013 has caused damage of approximately JPY 200 million. The Company has fired the employee and will file lawsuit against the person.  Full Article

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