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NSK Ltd (6471.T)

6471.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

R&I affirms NSK's rating at "A" and announces stable outlook – R&I
Tuesday, 15 Nov 2016 01:16am EST 

NSK Ltd <6471.T>: Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A" – R&I .Rating outlook stable– R&I.  Full Article

NSK Ltd plans to realize 14 bln Yen in annual savings by FY 2018 - Nikkei
Monday, 15 Aug 2016 02:15pm EDT 

Nikkei: NSK Ltd plans to realize 14 bln yen in annual savings by fiscal 2018 via rationalizing production in its industrial machinery segment - Nikkei . NSK ltd will build a new factory on the premises of the kirihara plant in Fujisawa, Kanagawa Prefecture - Nikkei . Nsk Ltd's construction of new factory will begin this month, with the facility slated to go operational in fiscal 2017 - Nikkei . Nsk Ltd's production of bearings for large industrial equipment as wind turbines,railways will move to new location from another plant in Fujisawa - Nikkei .Nsk Ltd aims to generate savings equivalent to 20 pct of facilities' annual sales in three years, while restructuring will cost about 10 bln Yen - Nikkei.  Full Article

NSK announces settlement with part of plaintiffs for U.S. class lawsuit
Friday, 22 Jul 2016 02:15am EDT 

NSK Ltd <6471.T>: Says the company agreed to pay $34.5 million to part of the plaintiffs who are indirect purchasers of the co's products .Says the class lawsuit was about illegal competition in U.S..  Full Article

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

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