Edition:
United States

Key Developments: NSK Ltd (6471.T)

6471.T on Tokyo Stock Exchange

946JPY
27 May 2016
Change (% chg)

¥8 (+0.85%)
Prev Close
¥938
Open
¥934
Day's High
¥946
Day's Low
¥931
Volume
1,881,500
Avg. Vol
2,894,694
52-wk High
¥2,120
52-wk Low
¥853

Latest Key Developments (Source: Significant Developments)

NSK completes repurchase of 14.5 mln shares for 15 bln yen
Wednesday, 18 May 2016 09:27pm EDT 

NSK Ltd <6471.T>:Says it completed repurchase of 14.5 million shares for 15 billion yen on May 19.  Full Article

NSK to repurchase 14.5 mln shares
Wednesday, 18 May 2016 04:12am EDT 

NSK Ltd <6471.T>:Says it will repurchase 14.5 million shares of its common stock on May 19.  Full Article

NSK to buy back 16 mln shares for 15 bln yen
Wednesday, 11 May 2016 02:00am EDT 

NSK <6471.T>: Says it to buy back up to 16 million treasury shares (3 percent stake), for up to 15 billion yen .Says repurchase period from May 17 to Sep. 30.  Full Article

NSK to take NNBH from unit NOH
Tuesday, 26 Apr 2016 02:00am EDT 

NSK Ltd:To take 100 pct stake in Tokyo-based unit NNBH, which is engaged in needle bearing business, from unit NOH.To merge with NNBH, with NNBH dissolved.Effective July 1.One share of NNBH to be exchanged with 44.5752 shares of the company.  Full Article

NSK announces lawsuit files by Peugeot S.A. group
Wednesday, 6 Apr 2016 05:00am EDT 

NSK Ltd:Says Peugeot S.A. and its group companies filed lawsuit to against eight bearing manufacturers including the company on Competition Appeal Tribunal, relating to the decision of the European Commission dated 19 March, 2014.Says plaintiffs claim for damage of about 507.8 mln euro from defendants.  Full Article

NSK to adopt International Financial Reporting Standards
Thursday, 24 Dec 2015 01:00am EST 

NSK Ltd:Says to apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current Japanese Accounting Standards.IFRS effective from financial report for FY ending March 2016.  Full Article

R&I affirms NSK Ltd's rating at "A" and announces stable rating outlook
Wednesday, 11 Nov 2015 01:00am EST 

NSK Ltd:R&I affirms NSK Ltd's rating at "A" and announces stable rating outlook.  Full Article

NSK lowers consolidated full-year outlook for FY 2016
Tuesday, 27 Oct 2015 02:00am EDT 

NSK Ltd:Says the company lowered the consolidated full-year outlook for revenue to 980,000 million yen from 1,020,000 million yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 94,000 million yen from 102,000 million yen.Sees a decrease of ordinary profit forecast to 92,000 million yen from 100,000 million yen.Sees a decrease of net profit forecast to 66,000 million yen from 70,000 million yen.Sees a decrease of earnings per share to 121.91 yen from 129.35 yen.FY 2016 revenues of 1,020.20 billion yen, net profit of 71.19 billion yen – Thomson Reuters I/B/E/S.Comments that decreased demand is the main reason for the forecast.  Full Article

NSK to issue year-end dividend for FY 2015
Friday, 22 May 2015 02:00am EDT 

NSK Ltd:To issue a year-end dividend of 16 yen per share to all the shareholders of record as of March 31, for FY ended March 2015.Payment date June 3.Says latest dividend forecast was 16 yen per share.  Full Article

NSK raises year-end dividend forecast for FY 2015
Monday, 11 May 2015 02:00am EDT 

NSK Ltd:Sees year-end dividend of 16 yen per share raised from 14 yen per share, for the fiscal year ended March 2015.  Full Article

BRIEF-NSK completes repurchase of 14.5 mln shares for 15 bln yen

* Says it completed repurchase of 14.5 million shares for 15 billion yen on May 19