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

6505.T on Tokyo Stock Exchange

313JPY
2 May 2016
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Latest Key Developments (Source: Significant Developments)

Toyo Denki Seizo lowers consolidated full-year outlook for FY 2016
Tuesday, 5 Apr 2016 02:30am EDT 

Toyo Denki Seizo KK:Says the company lowered the consolidated full-year outlook for revenue to 41,000 mln yen from 44,000 mln yen for the fiscal year ending May 31, 2016.Sees a decrease of operating profit forecast to 1,700 mln yen from 2,100 mln yen.Sees a decrease of ordinary profit forecast to 1,600 mln yen from 2,200 mln yen.Sees a decrease of net profit forecast to 1,000 mln yen from 1,400 mln yen.Sees a decrease of earnings per share to 20.75 yen from 29.05 yen.Comments the delay of orders, increased design cost and exchange loss are the main reasons for the forecast.  Full Article

Toyo Denki Seizo announces retirement of chairman
Friday, 10 Jul 2015 02:30am EDT 

Toyo Denki Seizo KK:Says its current chairman of the board Hiroshi Tsuchida to retire on Aug. 27.  Full Article

Toyo Denki Seizo to acquire land
Monday, 23 Mar 2015 02:30am EDT 

Toyo Denki Seizo KK:To acquire a plot of land in Shiga, Japan for construction of plant, from Shiga Prefecture Land Development Public Corporation, at 1,112 mln yen in March 2017.  Full Article

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