Key Developments: NTN Corp (6472.T)

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Latest Key Developments (Source: Significant Developments)

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

NTN CORP expects extraordinary loss for Q3 of FY 2014
Monday, 27 Jan 2014 02:00am EST 

NTN CORP:Says to record extraordinary loss of 27,000 million yen on the provision for violation of antitrust law in bearing trading, for the third quarter of the fiscal year ending Mar. 2014.  Full Article

NTN CORP updates on property selling
Thursday, 26 Dec 2013 02:00am EST 

NTN CORP:Says to sell the property located in Hyogo, Japan, which was announced on Oct. 22 and Nov.27.Says the transaction conducted in Sep. 2015.  Full Article

NTN CORP cancels partial plan to sell property and expects extraordinary profit for FY 2015
Wednesday, 27 Nov 2013 02:00am EST 

NTN CORP:Says canceled selling of part of Hyogo-located properties.Says the adjusted selling price is 2,800 million yen.Says will record 2,700 million yen extraordinary profit on the selling of properties for fiscal year 2015.  Full Article

R&I Affirms Rating on NTN CORP at "A-"; Changes Rating Outlook to Negative
Wednesday, 13 Nov 2013 03:48am EST 

Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on NTN Corporation at "A-" and changed the rating outlook from stable to negative.  Full Article

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