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Sumitomo Precision Products Co Ltd (6355.T)

6355.T on Tokyo Stock Exchange

346JPY
26 May 2017
Change (% chg)

¥-1 (-0.29%)
Prev Close
¥347
Open
¥349
Day's High
¥349
Day's Low
¥346
Volume
32,000
Avg. Vol
46,472
52-wk High
¥386
52-wk Low
¥284

Latest Key Developments (Source: Significant Developments)

Sumitomo Precision Products concludes capital business tie-up agreement with Sumitomo
Tuesday, 9 May 2017 03:19am EDT 

May 9 (Reuters) - Sumitomo Precision Products Co Ltd <6355.T>:* Says sale of shares is completed and signed business and capital alliance tie-up agreement with Sumitomo Corp <8053.T> on May 9 .* Previous news released on May 2.  Full Article

Sumitomo Precision Products plans business and capital alliance with Sumitomo
Tuesday, 2 May 2017 02:29am EDT 

May 2 (Reuters) - Sumitomo Precision Products Co Ltd <6355.T> ::* Says it plans to form a business and capital alliance with Sumitomo Corp <8053.T> , in various fields including sale of aerospace equipments and heat exchangers.* Says Sumitomo will acquire shares of co with effective date on May 9, and the collaboration is premised on completion of shares transferred .  Full Article

Sumitomo Precision Products updates on shareholding change
Thursday, 27 Apr 2017 02:16am EDT 

April 27(Reuters) - Sumitomo Precision Products Co Ltd <6355.T>:Says share transfer effective date is changed to May 9 from April 27.Details was disclosed on March 27.  Full Article

Sumitomo Precision Products says change of president
Friday, 31 Mar 2017 01:45am EDT 

Sumitomo Precision Products Co Ltd <6355.T> :Says co appoints Yoshio Taoka as new president to replace Shinichi Miki, effective in late June.  Full Article

Sumitomo to purchase 26 pct stake in Sumitomo Precision Products Co Ltd for about 5.2 bln yen
Monday, 27 Mar 2017 02:46am EDT 

Sumitomo Corp <8053.T>: Says Sumitomo will purchase 13,745,441 shares of Sumitomo Precision Products Co Ltd <6355.T>, from Nippon Steel & Sumitomo Metal Corporation <5401.T>, for about 5.2 billion yen in all . After the transaction, Sumitomo will become the top shareholder of Sumitomo Precision Products, with 27.7 percent stake (14,625,441 shares), up from 1.7 percent (880,000 shares) . Nippon Steel & Sumitomo Metal will become the second top shareholder of Sumitomo Precision Products, with 14.6 percent stake (7,719,357 shares), down from 40.7 percent (21,464,798 shares) .Effective date April 27.  Full Article

R&I affirms Sumitomo Precision Products Co Ltd's rating at "BBB-" and announces stable outlook -R&I
Tuesday, 2 Aug 2016 02:00am EDT 

Sumitomo Precision Products Co Ltd <6355.T> : Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB-" -R&I .Rating outlook stable -R&I.  Full Article

Sumitomo Precision Products lowers consolidated full-year outlook for FY 2016; expects extraordinary losses for FY 2016
Monday, 25 Apr 2016 03:00am EDT 

Sumitomo Precision Products Co Ltd:Says it expects an extraordinary loss of 10 million yen and 550 million yen recorded as loss in units for the fiscal year ended March 2016.Says the company lowered the consolidated full-year outlook for revenue to 51,000 mln yen from 52,500 mln yen for the fiscal year ended March 31, 2016.Sees a decrease of operating profit forecast to 1,350 mln yen from 1,800 mln yen.Sees a decrease of ordinary profit forecast to 350 mln yen from 1,050 mln yen.Sees a decrease of net profit forecast to a loss of 600 mln yen from 100 mln yen.Sees a decrease of earnings per share to a loss of 11.33 yen from 1.89 yen.Says loss on exchanges and extraordinary losses as main reasons for the forecast.  Full Article

Sumitomo Precision Products raises consolidated full-year revenue outlook for FY 2016
Friday, 31 Jul 2015 02:00am EDT 

Sumitomo Precision Products Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 56,500 million yen from 55,000 million yen, for the fiscal year ending March 31, 2016.Confirms the operating profit forecast at 2,000 million yen.Confirms the ordinary profit forecast at 1,700 million yen.Confirms the net profit forecast at 1,000 million yen.Confirms the earnings per share at 18.89 yen.Says revenue outlook raised due to the expect of business acquisition through subsidiary.  Full Article

R&I affirms Sumitomo Precision Products's rating at "BBB-" and announces stable outlook
Tuesday, 28 Jul 2015 02:00am EDT 

Sumitomo Precision Products Co Ltd:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB-".Rating outlook stable.  Full Article

Orbotech Ltd's SPTS sells Thermal Products business to Sumitomo Precision Products Co Ltd's SPT
Wednesday, 1 Jul 2015 04:30am EDT 

Orbotech Ltd:Says a SPTS Technologies Group Ltd (SPTS), an Orbotech co, has sold its Thermal Products business to Sumitomo Precision Products Co Ltd's subsidiary SPP Technologies Co Ltd (SPT).The transaction includes sale of all thermal product lines and virtually all worldwide assets of SPTS's Thermal Product business, and will involve about fifty SPTS employees worldwide, who are engaged in the Thermal Products business, becoming employees of SPT.  Full Article

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