Key Developments: NSK Ltd (6471.T)

6471.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

R&I upgrades NSK Ltd's rating to "A" and announces stable rating outlook
Thursday, 21 Aug 2014 02:04am EDT 

NSK Ltd:Rating and Investment Information, Inc. (R&I) raised the company's issuer rating to "A" from "A-".Rating outlook stable.  Full Article

NSK Ltd receives order of fine from National Development and Reform Commission of China
Tuesday, 19 Aug 2014 12:50am EDT 

NSK Ltd:Received an order of fine from National Development and Reform Commission of China on Aug. 19, due to its deal of bearing in China violated antitrust laws.Says it was required to pay a penalty of 174.92 million yuan.  Full Article

NSK Ltd raises consolidated mid-year outlook for FY 2015
Tuesday, 29 Jul 2014 02:00am EDT 

NSK Ltd:Says the company increased the consolidated mid-year outlook for revenue to 460,000 million yen from 444,000 million yen for FY ending March 2015.Operating profit forecast increased to 41,000 million yen from 33,000 million yen.Ordinary profit forecast increased to 40,000 million yen from 31,500 million yen.Net profit forecast increased to 28,000 million yen from 21,500 million yen.Earnings per share increased to 51.8 yen from 39.79 yen.Comments the increased demand of bearing and auto parts and demand increase in overseas market are the main reasons for the forecast.  Full Article

NSK Ltd raises consolidated full-year outlook for FY 2015 and raises mid-year and year-end dividend forecasts for FY 2015
Tuesday, 29 Jul 2014 02:00am EDT 

NSK Ltd:Says the company increased the consolidated full-year outlook for revenue to 926,000 million yen from 910,000 million yen for FY ending March 2015.Operating profit forecast increased to 83,000 million yen from 75,000 million yen.Ordinary profit forecast increased to 80,500 million yen from 72,000 million yen.Net profit forecast increased to 56,500 million yen from 50,000 million yen.Earnings per share increased to 104.52 yen from 92.53 yen.FY 2015 revenues of 926.13 billion yen, reported net profit of 52.89 billion yen – Thomson Reuters I/B/E/S.Comments the increased demand of bearing and auto parts and demand increase in overseas market are the main reasons for the forecast.Raised mid-year dividend forecast to 12 yen per share from 10 yen per share for FY ending March 2015.Raised year-end dividend forecast to 12 yen per share from 10 yen per share for FY ending March 2015.  Full Article

NSK announces penalty by Competition Commission of Singapore
Tuesday, 27 May 2014 06:00am EDT 

NSK Ltd:Says the company and its Singapore-based subsidiary received penalty order of S$1,286,375 issued by Competition Commission of Singapore (CCS) for infringement of Singapore's Competition Act, in relation to sale of bearings in Singapore.  Full Article

NSK Ltd to issue year-end dividend for FY 2014
Friday, 23 May 2014 02:00am EDT 

NSK Ltd: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 2014.Payment date June 4.Says latest dividend forecast was 9 yen per share.  Full Article

NSK Ltd announces penalty of Australia-based subsidiary
Tuesday, 13 May 2014 02:00am EDT 

NSK Ltd:Australia-based subsidiary received penalty from Federal Court of Australia on May 13, due to violation of Australian competition law.Says fully cooperated with the investigation by the Australian Competition and Consumer Commission and reached a settlement, and to pay a penalty of A$3 million, or about 290 million yen.  Full Article

NSK Ltd raises year-end dividend forecast for FY 2014
Friday, 9 May 2014 02:00am EDT 

NSK Ltd:Sees year-end dividend forecast of 9 yen per share raised from 7 yen per share, for the FY ended March 2014.  Full Article

NSK announces settlement with European Commission in automotive bearings investigation
Wednesday, 19 Mar 2014 07:15am EDT 

NSK Ltd:Reached a settlement with the European Commission for participating in activities regarding violation of European Competition Law in relation to sales of automotive bearings.European Commission administered a fine of 62,406,000 euros (about 8.8 billion yen) on NSK Ltd. and its wholly owned subsidiaries NSK Europe Ltd. and NSK Deutschland GmbH.  Full Article

NSK Ltd receives fine for violation of Canadian Competition Act and expects extraordinary loss for Q3 of FY 2014
Thursday, 30 Jan 2014 06:30pm EST 

NSK Ltd:Says it was ordered to pay a fine of C$ 4.5 million (410 million yen) by the Quebec Superior Court of Justice for participating in activities that violated the Canadian Competition Act in relation to certain sales of automotive bearings in Canada.Sees extraordinary loss of C$ 4.5 million for the fine, for the third quarter of fiscal year ending Mar. 2014.  Full Article

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