Key Developments: NSK Ltd (6471.T)
884JPY
18 Jun 2013
¥-33 (-3.60%)
¥855
¥904
¥929
¥881
4,855,000
3,731,262
¥1,137
¥414
Latest Key Developments (Source: Significant Developments)
NSK Ltd to Issue Year-end Dividend for FY 2013
NSK Ltd announced that it has decided to issue a year-end dividend of JPY 5 per share, in line with the latest dividend forecast of JPY 5 per share, disclosed on October 30, 2012, to all the shareholders of record as of March 31, 2013, effective June 4, 2013. Full Article
NSK Ltd Receives Cease-and-Desist Order and Surcharge Order from Japan Fair Trade Commission; Expects Extraordinary Loss for FY 2013
NSK Ltd announced that it has received cease-and-desist order and surcharge order from Japan Fair Trade Commission due to violation of antitrust law. The surcharge amount is JPY 5,625,410,000. The Company expects JPY 5,625,410,000 extraordinary loss on this issue for the fiscal year ending March 2013. Full Article
NSK Ltd Amends Consolidated Full-year Forecast for FY 2013
NSK Ltd announced that it has raised the consolidated full-year forecast for revenue from JPY 715,000 million to JPY 725,000 million, operating profit from JPY 27,000 million to JPY 28,000 million, ordinary profit from JPY 23,000 million to JPY 26,000 million, but lowered the forecast for net profit from JPY 15,000 million to JPY 13,000 million and earning per share from JPY 27.76 to JPY 24.07 for the fiscal year ending March 31, 2013. The Company raised the consolidated full-year forecast for revenue, operating profit and ordinary profit due to decreasing value of yen. However, the Company lowered the outlook for net profit due to record of extraordinary loss on surcharge. Full Article
NSK Ltd Announces Result of Bearing-related Lawsuit
NSK Ltd announced the result of a lawsuit related to bearing transaction for the violation of the antitrust laws, which was disclosed on June 14, 2012. According to the judgment, the Company has to pay a fine of JPY 380 million and its former officers and employees are sentenced to suspended term, by Tokyo District Court on February 25, 2013. Full Article
NSK Ltd's Subsidiary Receives On-the-spot Inspection from Competition Commission of Singapore
NSK Ltd announced that its Singapore-based sales subsidiary has received on-the-spot inspection from Competition Commission of Singapore on February 6, 2013 (Singapore time). Full Article
NSK Ltd Announces Capital Alliance with Ningbo MOS Group Corporation Limited
NSK Ltd announced that it has decided to form a capital alliance with Ningbo MOS Group Corporation Limited, which is engaged in bearing business in China. Through the capital alliance, the Company will acquire a 25% stake in Ningbo MOS Group Corporation Limited. Full Article
NSK Ltd to Establish New Subsidiary in Mexico
NSK Ltd announced that it has decided to establish a wholly owned subsidiary NSK Bearings Manufacturing Mexico S.A. de C.V., which will be engaged in the manufacture and sale of automobile bearing and others in Mexico, in January 2013. Full Article
NSK Ltd Lowers Consolidated Full-year Outlook and Year-end Dividend Outlook for FY Ending March 31, 2013
NSK Ltd announced that it has lowered its consolidated full-year outlook for revenue from JPY 780,000 million to JPY 715,000 million, operating profit from JPY 50,000 million to JPY 27,000 million, ordinary profit from JPY 46,000 million to JPY 23,000 million, net profit from JPY 30,000 million to JPY 15,000 million and earning per share from JPY 55.50 to JPY 27.76 for the fiscal year ending March 31, 2013. The Company also lowered its year-end dividend outlook from JPY 6.00 per share, which was announced on May 11, 2012, to JPY 5.00 per share, for the same fiscal year. Full Article
NSK Ltd Announces Lawsuit Filed by McGuire Bearing Company
NSK Ltd announced that the Company and its subsidiary, NSK Americas, Inc., have received a lawsuit filed by McGuire Bearing Company, demanding the damage payment for bearing product related transaction. Full Article
NSK Ltd. Accused by Tokyo District Court
NSK Ltd. announced that the Company, former officers and former employees were accused by Tokyo District Court on June 14, 2012, due to suspect of violation of Act of Monopoly, after an investigation by Tokyo District Public Prosecutor's Office. Full Article
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