Key Developments: NTN Corp (6472.T)

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Latest Key Developments (Source: Significant Developments)

NTN CORP raises consolidated full-year outlook for FY 2015
3:00am EDT 

NTN CORP:Says the company increased the consolidated full-year outlook for revenue to 673,000 million yen from 660,000 million yen for the fiscal year ending March 2015.Operating profit forecast increased to 42,000 million yen from 40,000 million yen.Ordinary profit forecast increased to 36,000 million yen from 33,000 million yen.Net profit forecast confirmed at 20,000 million yen.Earnings per share confirmed at 37.61 yen.FY 2015 revenues of 674.38 billion yen, net profit of 21.16 billion yen – Thomson Reuters I/B/E/S.Comments that the increased sales income of automobile is the main reason for the forecast.  Full Article

R&I affirms NTN CORP's rating at "A-" and changes outlook to stable
Monday, 27 Oct 2014 02:00am EDT 

NTN CORP:Rating and Investment Information, Inc. (R&I) affirmed NTN CORP's rating at "A-".Changed rating outlook to stable, from negative.  Full Article

NTN CORP receives surcharge order from National Development and Reform Commission of China
Tuesday, 19 Aug 2014 03:30am EDT 

NTN CORP:Received a surcharge order from National Development and Reform Commission of China on Aug. 19.Says it was required to pay a penalty of 119.16 million yuan (about 1,900 million yen).  Full Article

NTN CORP expects extraordinary loss for Q2 of FY 2015
Tuesday, 19 Aug 2014 03:30am EDT 

NTN CORP:Expects extraordinary loss of about 1,900 million yen as loss from surcharge order for Q2 of FY ending March 2015.  Full Article

NTN CORP receives surcharge order from Competition Commission of Singapore with subsidiary
Tuesday, 27 May 2014 08:00pm EDT 

NTN CORP:The company and subsidiary NTN BEARING-SINGAPORE(PTE)LTD. received a surcharge order from Competition Commission of Singapore on May 27.Two companies were required to pay a penalty of S$455,652 singapore dollar, or about 37 mln yen.  Full Article

NTN establishes new company in Mexico
Wednesday, 14 May 2014 10:00pm EDT 

NTN CORP:Established a new company NTN MANUFACTURING DE MEXICO, S.A.DE C.V. in Mexico, which is engaged in manufacture and sale of hub bearing and constant-velocity joint (CVJ).The company is holding 95 pct stake and NTN USA is holding 5 pct stake in the new company.  Full Article

NTN to pay year-end dividend for FY 2014
Wednesday, 14 May 2014 03:20am EDT 

NTN CORP:To pay year-end dividend of 2 yen per share, compared to latest dividend forecast of an undetermined value, for fiscal year 2014.Record date March 31 and effective date June 26.  Full Article

NTN announces change of president
Tuesday, 25 Mar 2014 03:00am EDT 

NTN CORP:Appoints Hiroshi Ohkubo as new president to replace Shigeyoshi Takagi, effective June 25.  Full Article

NTN announces settlement with European Commission in automotive bearings investigation
Wednesday, 19 Mar 2014 10:40pm EDT 

NTN CORP:Reached a settlement with the European Commission for participating in activities regarding violation of European Competition Law in relation to transaction of automotive bearings.European Commission imposed a fine of 201,354,000 euros (about 28.4 bln yen) on the company and European subsidiaries.  Full Article

NTN CORP raises full-year consolidated revenue outlook for FY 2014
Friday, 31 Jan 2014 02:00am EST 

NTN CORP:Sees full-year consolidated outlook for revenue of 630,000 million yen raised from 600,000 million yen, for fiscal year ending Mar. 31, 2014.Sees full-year operating profit of 32,000 million yen raised from 30,000 million yen.Sees full-year ordinary profit of 26,000 million yen raised from 23,000 million yen.Sees full-year net profit (loss) of (15,000 million) yen lowered from 10,000 million yen.Sees full-year earnings per share of (28.20) yen lowered from 18.80 yen.Says revenue, operating profit and ordinary profit outlook raised due to increase in sales from automobile market and cost reduction, and net profit outlook lowered due to investigation by European Commission on antitrust law violation of subsidiary.FY 2014 revenue of 624,770 million yen, operating profit of 32,560 million yen and net profit of 7,370 million yen - Thomson Reuters I/B/E/S.  Full Article

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