Key Developments: Toyo Denki Seizo KK (6505.T)

6505.T on Tokyo Stock Exchange

465JPY
1 Oct 2014
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¥-2 (-0.43%)
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Volume
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¥479
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Latest Key Developments (Source: Significant Developments)

Toyo Denki Seizo KK Announces Result of Internal Investigation
Wednesday, 13 Nov 2013 01:30am EST 

Toyo Denki Seizo KK announced that it has conducted an internal investigation for problems identified by Mainichi Newspaper, covering area of shim quality, mold procurement process and embezzlement activities of employees. According to the result, problems were found in mold procurement process but no shim quality problem or embezzlement activities were found in the investigation.  Full Article

Toyo Denki Seizo KK Appoints Chairman and President
Wednesday, 10 Jul 2013 02:30am EDT 

Toyo Denki Seizo KK announced that it has appointed Hiroshi Tsuchida as Chairman of the Board and Representative Director, and Kenzo Terashima as President and Representative Director, effective August 27, 2013.  Full Article

Toyo Denki Seizo KK Announces Uncollectible Receivables
Wednesday, 22 May 2013 02:30am EDT 

Toyo Denki Seizo KK (Co) announced that its customer, an Kanagawa-based company engaged in processing of iron and steel products, has started bankruptcy proceedings. Due to this development, there arose a concern that the claims of JPY 223 million to the Kanagawa-based company may become irrecoverable or their collection may be delayed.  Full Article

Toyo Denki Seizo KK Lowers Consolidated Full-year Forecast for FY 2013
Wednesday, 12 Dec 2012 01:30am EST 

Toyo Denki Seizo KK announced that it has lowered the consolidated full-year forecast for revenue from JPY 38,500 million to JPY 33,000 million, operating profit from JPY 1,700 million to JPY 700 million, ordinary profit from JPY 1,700 million to JPY 750 million, net profit from JPY 800 million to JPY 350 million and earning per share from JPY 16.59 to JPY 7.26 for the fiscal year ending May 31, 2013. The Company lowered the consolidated full-year outlook due to smaller-than-expected demand in foreign countries, as well as increased costs.  Full Article

Toyo Denki Seizo KK to Dissolve Wholly Owned Subsidiary
Monday, 12 Nov 2012 01:30am EST 

Toyo Denki Seizo KK announced that it will dissolve its wholly owned subsidiary, which has been engaged in the sale, import, export and after service provision of electronic machinery products and parts for industrial use in Tianjin, China. The liquidation will be completed in September 2013.  Full Article

Toyo Denki Seizo KK Receives Orders in Subsidiary
Wednesday, 7 Nov 2012 01:30am EST 

Toyo Denki Seizo KK announced that its United States-based subsidiary TOYO DENKI USA, INC., has received an order electrical equipments for 78 light rail vehicles with a total amount of JPY 2,600 million, from Kinkisharyo International, L.L.C.  Full Article

Toyo Denki Seizo KK Lowers Mid-year Consolidated Outlook for FY 2013
Thursday, 11 Oct 2012 02:30am EDT 

Toyo Denki Seizo KK announced that it has lowered its mid-year consolidated outlook for revenue from JPY 17,000 million to JPY 14,000 million, operating profit (loss) from JPY 200 million to JPY (500 million), ordinary profit (loss) from JPY 200 million to JPY (500 million), net profit (loss) from JPY 50 million to JPY (600 million), and earnings (loss) per share from JPY 1.04 to JPY (12.44), for the fiscal year ending May 2013. The Company lowered its mid-year consolidated outlook mainly due to the weak demand in transportation business and industrial business, as well as the increase in transportation business cost.  Full Article

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