NHK Spring Co Ltd (5991.T) Key Developments | Reuters.com
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NHK Spring Co Ltd (5991.T)

5991.T on Tokyo Stock Exchange

821JPY
24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

R&I affirms NHK SPRING's rating at "A-" and stable outlook
Monday, 2 May 2016 02:00am EDT 

NHK SPRING CO LTD:Rating and Investment Information, Inc. (R&I) has affirmed the rating on the company at "A-".The rating outlook is stable.  Full Article

NHK SPRING CO LTD - Behind the Scenes / NHK subsidiaries must be reviewed urgently - YOMIUR
Tuesday, 15 Mar 2016 12:30am EDT 

NHK SPRING CO LTD:The string of scandals involving NHK, including embezzlement of a hefty sum of money by employees at one of its subsidiaries, has sparked calls to reform all NHK Group companies.The General Council of the ruling Liberal Democratic Party twice put off approving the NHK fiscal 2016 draft budget before eventually doing so on Feb. 5.Internal Affairs and Communications Minister Sanae Takaichi attached her opinion to NHK's draft budget, saying, "Conducting a zero-based review of how NHK's subsidiaries should be run is a matter of urgency.NHK is faced with the need to respond to such calls promptly.On Feb. 9, two male employees of NHK ITEC Inc., an NHK subsidiary, were dismissed as disciplinary measures for having pocketed a total sum of about 198 mln yen in the course of placing business orders, including fabricated ones, worth about 260 mln yen over a period from 2009 to 2015.In the meantime, it was also decided that five top executives of the subsidiary, including president Keiichi Kubota, would resign to take responsibility.A male deputy director of a department at the subsidiary's Kyushu branch office was also suspected of having received about 5 mln yen in illicit funds through fictitious business orders and other means.Even at NHK itself, a male newscaster was served a summary order by the Tokyo Summary Court for manufacturing and possessing a substance labeled a "dangerous" drug in violation of the Pharmaceuticals and Medical Devices Law.  Full Article

R&I affirms NHK SPRING's rating at "A-" and stable outlook
Thursday, 19 Mar 2015 02:00am EDT 

NHK SPRING CO LTD:Rating and Investment Information, Inc. (R&I) affirmed NHK SPRING's rating at "A-".Rating outlook stable.  Full Article

NHK SPRING announces liquidation of subsidiary
Wednesday, 4 Mar 2015 01:30am EST 

NHK SPRING CO LTD:Announces liquidation of Guangzhou-based wholly owned subsidiary NHK SEATING (GUANGZHOU) CO.,LTD., which is engaged in development design, manufacture and sale of automotive seat components.Liquidation completion date March 2.  Full Article

NHK SPRING CO LTD raises year-end dividend forecast for FY 2015
Thursday, 6 Nov 2014 01:40am EST 

NHK SPRING CO LTD:Raised year-end dividend forecast to 10 yen per share from an undetermined value for FY ending March 2015.  Full Article

NHK SPRING CO LTD to issue mid-year dividend for FY 2015
Thursday, 6 Nov 2014 01:40am EST 

NHK SPRING CO LTD:To issue a mid-year dividend of 10 yen per share to all the shareholders of record as of Sep. 30, for FY ending March 2015.Payment date Dec. 5.Says latest dividend forecast was an undetermined value.  Full Article

NHK SPRING CO LTD to issue 2019 due U.S dollar denominated convertible bonds with subscription warrants
Wednesday, 3 Sep 2014 03:00am EDT 

NHK SPRING CO LTD:To issue 2019 due U.S dollar denominated convertible bonds with subscription warrants, worth $100 million.Says issue price at 100 pct of par value.Says issue date on Sep. 22.Mizuho International plc and Nomura International plc will act as main arranger.Says warrants with the convertibles can be exercised during the period from Oct. 6 to Sep. 6, 2019.Bonds maturity date on Sep. 20, 2019.Proceeds raised will be used as capital investment funds working capital and research and development investment funds.  Full Article