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NTN Corp (6472.T)

6472.T on Tokyo Stock Exchange

26 Oct 2016
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Latest Key Developments (Source: Significant Developments)

NTN Corp expects 40 bln Yen of capital expenditures for year ending March 2017 - Nikkei
Monday, 13 Jun 2016 01:08pm EDT 

Nikkei: Ntn Corp is expected to pour 40 billion Yen ($376 million) into capital expenditures for the year ending March 2017 -Nikkei .NTN Corp will spend about 3 billion Yen to build a heat treatment plant by next March in Ishikawa Prefecture - Nikkei.  Full Article

NTN announces lawsuit filed by Peugeot S.A. included 20 firms
Wednesday, 6 Apr 2016 08:50pm EDT 

NTN CORP:Announces lawsuit with Competition Appeal Tribunal filed by Peugeot S.A. included 20 firms (plaintiffs) against the company included 8 bearings makers (defendants), due to the action against the European competition law.Says the plaintiffs claim a compensation for damages of 507.8 million euro.  Full Article

NTN announces notification of judgment for the appeal for the antimonopoly act on bearings
Tuesday, 22 Mar 2016 05:00am EDT 

NTN CORP:Says on March 22 Tokyo High Court affirmed the judgment of Tokyo District Court for violation of the Japan Antimonopoly Act with respect to the domestic sales of bearings.Says NTN appealed to the Supreme Court on the same day.  Full Article

NTN lowers consolidated full-year outlook for FY 2016
Friday, 29 Jan 2016 02:00am EST 

NTN CORP:Says the company lowered the consolidated full-year outlook for revenue to 718,000 million yen from 725,000 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to 48,000 million yen from 50,000 million yen.Sees a decrease of ordinary profit forecast to 38,000 million yen from 45,000 million yen.Sees a decrease of net profit forecast to 15,000 million yen from 31,000 million yen.Sees a decrease of earnings per share to 28.21 yen from 58.29 yen.Says sales decrease, foreign exchange loss are the main reasons.  Full Article

NTN announces merger between subsidiaries
Monday, 23 Nov 2015 09:00pm EST 

NTN CORP:Says its subsidiary NTN Powder Metal Corporation. to merge with Nippon Kagaku Yakin Co., Ltd. on Dec. 1, to enhance the development ability and improve the development speed for the new products, and the new company is named as NTN Advanced Materials Corporation.  Full Article

NTN subsidiary announces result of arbitration
Tuesday, 10 Nov 2015 05:00am EST 

NTN CORP:Receives final verdict on Nov. 9, regarding bearing defects issues dispute between its subsidiary NTN-SNR ROULEMENTS and Volvo Powertrain AB.NTN-SNR was ordered to pay $94.2 mln as damages to Volvo Powertrain AB.  Full Article

R&I affirms NTN CORP's rating at "A-" and announces stable outlook
Thursday, 29 Oct 2015 02:00am EDT 

NTN CORP:R&I affirms NTN CORP's rating at "A-" and announces stable outlook.  Full Article

NTN to pay year-end dividend for FY 2015
Wednesday, 13 May 2015 03:00am EDT 

NTN CORP:To pay year-end dividend of 3.5 yen per share, above latest dividend forecast of 2.5 yen per share, for fiscal year ended March 2015.Record date March 31 and effective date June 25.  Full Article

NTN and subsidiary receive notification from U.S Department of Justice Antitrust Division
Thursday, 26 Mar 2015 10:30pm EDT 

NTN CORP:The company and its U.S-based subsidiary received notification for investigation on deal of bearing from U.S Department of Justice Antitrust Division.  Full Article

NTN updates on sale of property
Wednesday, 25 Mar 2015 04:00am EDT 

NTN CORP:To sell the property located in Hyogo, Japan in late March.Plan disclosed on Oct. 22, 2013.  Full Article