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Onkyo Corp (6628.T)

6628.T on Tokyo Stock Exchange

111JPY
9 Dec 2016
Change (% chg)

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¥113
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Volume
254,000
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199,941
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¥161
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¥90

Latest Key Developments (Source: Significant Developments)

Onkyo to set up speaker JV in India with UNO MINDA GROUP
Monday, 24 Oct 2016 01:18am EDT 

Onkyo Corp <6628.T>: Says the co entered into agreement with UNO MINDA GROUP to set up a JV Minda Onkyo India Prv. Ltd. in India in late December . Says the JV to be engaged in production and sales of speaker products and speaker system .Says the JV to be capitalized at 1 million rupees and the co to hold a 50 percent stake in it.  Full Article

Onkyo signs 2 bln yen syndicated loan contract
Wednesday, 3 Aug 2016 12:27am EDT 

Onkyo Corp <6628.T>: Says it signed a syndicated loan contract for 2 billion yen with core banks on July 28 . Says the execution date is July 29 .Says the proceeds will be used as working capital.  Full Article

Onkyo to sell property and expects extraordinary profit for Q4 of FY 2016
Tuesday, 15 Mar 2016 10:00pm EDT 

Onkyo Corp:To sell property including land and building located in Japan with an undisclosed price planned on March 28.Expects extraordinary profit of about 2,678 mln yen for Q4 of FY ending March 2016 for this selling.  Full Article

Onkyo amends consolidated full-year outlook for FY 2016
Friday, 12 Feb 2016 01:00am EST 

Onkyo Corp:Says the company amended the consolidated full-year outlook for the FY ending March 2016.Revenue forecast increased to 67,000 million yen from 65,000 million yen.Operating profit forecast decreased to a loss of 1,500 million yen from 800 million yen.Ordinary profit forecast decreased to a loss of 1,900 million yen from 500 million yen.Net profit forecast increased to 500 million yen from 400 million yen.Earnings per share forecast increased to 6.61 yen from 5.46 yen.  Full Article

Kawai Musical Instruments Manufacturing updates business and capital alliance with Onkyo Corporation
Tuesday, 24 Nov 2015 01:00am EST 

Kawai Musical Instruments Manufacturing Co Ltd and Onkyo Corporation:Onkyo Corporation issued 8,080,600 shares at price of 1,026,236,200 yen in total through private placement to Kawai Musical Instruments Manufacturing on Nov. 24.Kawai Musical Instruments Manufacturing's voting rights in Onkyo Corporation has increased to 10.03 pct from 0 pct with effective date Nov. 24.Kawai Musical Instruments Manufacturing issued 450,500 new shares (5 pct stake) to Onkyo Corporation, at the price of 2,278 yen per share or 1,026,239,000 yen in all, through private placement on Nov. 24.Previous release disclosed on Nov. 5.  Full Article

Onkyo signs business and capital alliance with Zylux Acoustic Corporation
Sunday, 15 Nov 2015 08:00pm EST 

Onkyo Corp:Signs the company and its subsidiary (OPC) signed business and capital alliance with Zylux Acoustic Corporation.Zylux Acoustic Corporation to issue 691,257 shares (2.22 pct stake) to the company through private placement at $1.83 per share or about $1,265,000 in total planned on Dec. 11.OPC to transfer 2,610,898 shares (15.24 pct stake) in Onkyo Asia Electronics SDN. BHD. (OAE) to Zylux Acoustic Corporation at price of $1,265,000 in total, planned on Dec. 23 and OPC's stake in OAE to decreased to 84.76 pct from 100 pct.  Full Article

Kawai Musical Instruments Manufacturing signs business and capital alliance with Onkyo Corporation
Thursday, 5 Nov 2015 02:00am EST 

Kawai Musical Instruments Manufacturing Co Ltd:Signs a business and capital alliance with Onkyo Corporation.Through the business alliance, the two companies will work together on new service and market development, back office, material purchasing and production.Through the capital alliance, Kawai Musical Instruments Manufacturing will purchase 8,080,600 shares of Onkyo Corporation.Kawai Musical Instruments Manufacturing will also issue 450,500 new shares to Onkyo Corporation, at the price of 2,278 yen per share or 1,026,239,000 yen in all, through private placement.Effective date Nov. 24.  Full Article

Onkyo to transfer AV business to subsidiary Onkyo & Pioneer Corporation
Wednesday, 27 May 2015 02:00am EDT 

Onkyo Corp:To transfer AV business to Tokyo-based wholly owned subsidiary Onkyo & Pioneer Corporation.Effective July 1.  Full Article

Onkyo amends consolidated full-year outlook for FY 2015
Wednesday, 13 May 2015 02:00am EDT 

Onkyo Corp:Says the company increased the consolidated full-year outlook for revenue to 35,500 million yen from 35,000 million yen for FY ended March 2015.Sees a decrease of operating profit forecast to -2,700 million yen from -2,100 million yen.Sees a decrease of ordinary profit forecast to -3,500 million yen from -2,300 million yen.Sees a decrease of net profit forecast to -4,100 million yen from -1,800 million yen.Sees a decrease of earnings per share to -65.21 yen from -28.63 yen.Comments the sales increase and non-operating expenses are the main reasons for the forecast.  Full Article

Onkyo announces result of early-retirement program and expects extraordinary loss for FY 2015
Tuesday, 24 Mar 2015 05:00am EDT 

Onkyo Corp:Says 97 employees took up the offer of the early-retirement program announced on Jan. 26.Expects extraordinary loss of about 350 mln yen for FY ending March 2015.  Full Article

BRIEF-Onkyo to set up speaker JV in India with UNO MINDA GROUP

* Says the co entered into agreement with UNO MINDA GROUP to set up a JV Minda Onkyo India Prv. Ltd. in India in late December