Edition:
United States

Tsubakimoto Chain Co (6371.T)

6371.T on Tokyo Stock Exchange

701JPY
22 Jul 2016
Change (% chg)

¥-14 (-1.96%)
Prev Close
¥715
Open
¥694
Day's High
¥706
Day's Low
¥693
Volume
328,000
Avg. Vol
703,761
52-wk High
¥1,104
52-wk Low
¥590

Latest Key Developments (Source: Significant Developments)

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

TSUBAKIMOTO CHAIN appoints chairman and president
Friday, 8 May 2015 02:00am EDT 

TSUBAKIMOTO CHAIN CO:Appoints Isamu Osa as chairman of the board of the company, who is president of the company currently.Appoints Yasushi Ohara as new president.Says change effective June 26.  Full Article

TSUBAKIMOTO CHAIN to issue year-end dividend for FY 2015
Friday, 8 May 2015 02:00am EDT 

TSUBAKIMOTO CHAIN CO:To issue a year-end dividend of 9 yen per share to all the shareholders of record as of March 31, for the fiscal year ended March 2015.Payment date June 29.Says the dividend is above latest forecast of 7 yen per share.  Full Article

TSUBAKIMOTO CHAIN to establish subsidiary
Friday, 8 May 2015 02:00am EDT 

TSUBAKIMOTO CHAIN CO:Says to establish a wholly owned subsidiary Tsubaki Automotive Czech Republic located in Czech Republic in July.New subsidiary will be engaged in manufacturing and sale of automobile components.New subsidiary to be capitalized at 42,105,000 Czech crowns( about 200 million yen).  Full Article

TSUBAKIMOTO CHAIN CO to issue mid-year dividend for FY 2015
Friday, 7 Nov 2014 12:40am EST 

TSUBAKIMOTO CHAIN CO:Resolved to issue mid-year dividend of 7 yen per share for the FY ending March 2015.Dividend issued to shareholders of record as of Sep. 30.Dividend payment date Dec. 10.Says the mid-year dividend amount is above the latest forecast of 6 yen per share disclosed on May 9.  Full Article

TSUBAKIMOTO CHAIN CO raises consolidated full-year outlook for FY 2015
Friday, 7 Nov 2014 12:40am EST 

TSUBAKIMOTO CHAIN CO:Says the company raised the consolidated full-year outlook for the FY ending March 2015.Revenue forecast increased to 191,000 million yen from 186,000 million yen.Operating profit forecast increased to 19,700 million yen from 18,600 million yen.Ordinary profit forecast increased to 20,300 million yen from 18,600 million yen.Net profit forecast increased to 13,000 million yen from 11,700 million yen.Earnings per share forecast increased to 69.48 yen from 62.53 yen.FY 2015 revenues of 189.64 billion yen, net income of 12.65 billion yen – Thomson Reuters I/B/E/S.  Full Article

TSUBAKIMOTO CHAIN completes acquisition of stake in TSUBAKI CAPT Power Transmission (Shijiazhuang)
Friday, 26 Sep 2014 02:00am EDT 

TSUBAKIMOTO CHAIN CO:Completes acquisition of 51 pct stake in TSUBAKI CAPT Power Transmission (Shijiazhuang) Co., Ltd. from a China-based company, on Sep. 26.The company is holding 51 pct stake in TSUBAKI CAPT (Shijiazhuang).  Full Article

TSUBAKIMOTO CHAIN CO forms JV with Mahindra And Mahindra Ltd's MCS, acquires stake-Business Standard
Monday, 4 Aug 2014 07:36am EDT 

TSUBAKIMOTO CHAIN CO:Has acquired a majority stake in Mahindra Conveyor Systems Pvt Ltd (MCS), a subsidiary of Mahindra And Mahindra Ltd-Business Standard.Tsubaki and MCS already have an existing tie-up for technical know-how and Tsubaki has now gained majority (51 pct) holding in MCS, to assist it in making inroads into new markets in Asia, Africa, the Middle East and Europe.MCS will be renamed as Mahindra Tsubaki Conveyor Systems Pvt Ltd.  Full Article