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Key Developments: Nishishiba Electric Co Ltd (6591.T)

6591.T on Tokyo Stock Exchange

133JPY
6 May 2016
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Latest Key Developments (Source: Significant Developments)

Nishishiba Electric to appoint corporate auditor
Monday, 14 Mar 2016 12:00am EDT 

Nishishiba Electric Co Ltd:Says to appoint PricewaterhouseCoopers Aarata as corporate auditor to succeed Ernst & Young ShinNihon LLC.  Full Article

Nishishiba Electric says Ernst & Young ShinNihon LLC no longer serve as auditor
Friday, 29 Jan 2016 12:00am EST 

Nishishiba Electric Co Ltd:Says received notice that Ernst & Young ShinNihon LLC will no longer serve as auditor from April.  Full Article

Nishishiba Electric lowers consolidated mid-year outlook for FY 2016
Wednesday, 21 Oct 2015 03:30am EDT 

Nishishiba Electric Co Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 9,500 mln yen from 10,500 mln yen for the fiscal year ending March 2016.Sees a decrease of operating profit forecast to 310 mln yen from 630 mln yen.Sees a decrease of ordinary profit forecast to 310 mln yen from 620 mln yen.Sees a decrease of net profit forecast to 190 mln yen from 380 mln yen.Sees a decrease of earnings per share to 4.87 yen from 9.73 yen.Comments decreased sale in core business and increased manufacturing costs are the main reasons for the forecast.  Full Article

Nishishiba Electric to adopt International Financial Reporting Standards
Wednesday, 10 Jun 2015 02:00am EDT 

Nishishiba Electric Co Ltd:Says to apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current Japanese Accounting Standards.IFRS effective from financial report for year-end of FY ending March 2017.  Full Article

Nishishiba Electric revises consolidated full-year outlook for FY 2015
Thursday, 23 Apr 2015 03:30am EDT 

Nishishiba Electric Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 20,970 million yen from 20,400 million yen for FY ended March 2015.Operating profit forecast increased to 1,270 million yen from 860 million yen.Ordinary profit forecast increased to 1,300 million yen from 860 million yen.Net profit forecast decreased to 330 million yen from 480 million yen.Earnings per share decreased to 8.45 yen from 12.29 yen.Comments the increased sales of marine electrical system, productivity improvement extraordinary loss and costs reduction are the main reasons for the forecast.  Full Article

Nishishiba Electric Co Ltd amends consolidated full-year outlook for FY 2015
Friday, 31 Oct 2014 01:00am EDT 

Nishishiba Electric Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 20,400 million yen from 20,900 million yen for FY ending March 2015.Sees an increased operating profit forecast to 860 million yen from 700 million yen.Sees an increased ordinary profit forecast to 860 million yen from 700 million yen.Sees an increased net profit forecast to 480 million yen from 400 million yen.Sees an increase of earnings per share to 12.29 yen from 10.25 yen per share.Comments the sales decrease and effort on costs reduction are the main reasons for the forecast.  Full Article

Nishishiba Electric Co Ltd amends consolidated mid-year outlook for FY 2015
Tuesday, 21 Oct 2014 03:30am EDT 

Nishishiba Electric Co Ltd:Says the company amended the consolidated mid-year outlook for the FY ending March 2015.Revenue forecast decreased to 9,500 million yen from 10,000 million yen.Operating profit forecast increased to 320 million yen from 260 million yen.Ordinary profit forecast increased to 340 million yen from 240 million yen.Net profit forecast increased to 160 million yen from 110 million yen.Earnings per share forecast increased to 4.10 yen from 2.82 yen.Comments that sales revenue lower than expected, effective effort on cost reduction activities and improvement of profitability are the main reasons for the forecast.  Full Article

Nishishiba Electric Co Ltd amends consolidated mid-year outlook for FY 2015
Thursday, 31 Jul 2014 01:00am EDT 

Nishishiba Electric Co Ltd:Says the company amended the consolidated mid-year outlook for the FY ending March 2015.Confirmed the revenue at 10,000 million yen.Operating profit forecast increased to 260 million yen from 160 million yen.Ordinary profit forecast increased to 240 million yen from 140 million yen.Net profit forecast increased to 110 million yen from 80 million yen.Earnings per share forecast increased to 2.82 yen from 2.05 yen.  Full Article

Nishishiba Electric Co Ltd announces factory construction
Friday, 20 Jun 2014 02:30am EDT 

Nishishiba Electric Co Ltd:Says to construct a factory in Hyogo, Japan, and says costs of 1,400 mln yen in total including 600 mln yen for steel frame construction and 800 mln yen for machinery equipments.Says operation will start from Oct. 2015.  Full Article

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