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NHK Spring Co Ltd (5991.T)

5991.T on Tokyo Stock Exchange

16 Oct 2017
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Latest Key Developments (Source: Significant Developments)

NHK Spring buys back 5.8 mln shares for 6.71 bln yen via ToSTNet3
Sunday, 5 Feb 2017 10:00pm EST 

NHK Spring Co Ltd <5991.T>: Says it repurchased 5.8 million shares for 6.71 billion yen via ToSTNet3 .Says the repurchase plan disclosed on Feb. 3 has been completed.  Full Article

NHK Spring plans to buy 6.9 mln shares back on Feb. 6
Friday, 3 Feb 2017 03:14am EST 

NHK Spring Co Ltd <5991.T> :Says it plans to repurchase 6.9 million shares on Feb. 6, for totaling 7.99 billion yen.  Full Article

NHK SPRING announces change of chairman and president
Friday, 3 Feb 2017 01:51am EST 

NHK SPRING Co Ltd <5991.T> : Says co names current president Kazumi Tamamura as new chairman . Says co appoints Takashi Kayamoto as new president .Changes will occur on April 1.  Full Article

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

CORRECTED-UPDATE 1-Japan ad agency Dentsu fined for making employees do too much overtime

TOKYO, Oct 6 Japanese advertising giant Dentsu Inc has been slapped with a fine of some 500,000 yen ($4,400) after a Tokyo court ruled it had made employees work overtime beyond legal limits.