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Tsubakimoto Chain Co (6371.T)

6371.T on Tokyo Stock Exchange

23 May 2017
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¥1 (+0.10%)
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Latest Key Developments (Source: Significant Developments)

Tsubakimoto Chain to fully buy unit via stock swap
Tuesday, 7 Feb 2017 01:32am EST 

Tsubakimoto Chain Co <6371.T>: Says the co plans to fully buy its 51-percent-owned unit, which is engaged in chain business, on April 1 .Says one share of the unit will be exchanged into 1.796 shares of the co.  Full Article

TSUBAKIMOTO CHAIN lowers consolidated full-year outlook for FY 2016
Wednesday, 23 Mar 2016 02:00am EDT 

TSUBAKIMOTO CHAIN CO:Says the company lowered the consolidated full-year outlook for revenue to 203,500 million yen from 206,000 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to 20,800 million yen from 22,000 million yen.Sees a decrease of ordinary profit forecast to 21,500 million yen from 22,400 million yen.Sees a decrease of net profit attributable to parent company's shareholders forecast to 12,500 million yen from 15,000 million yen.Sees a decrease of earnings per share to 66.81 yen from 80.17 yen.Comments the global economic downturn and yen devaluation are the main reasons.Expects extraordinary loss of about 1,700 mln yen as impairment loss from Tianjin-based unit, for Q4 of FY 2016.  Full Article

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