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Nissin Electric Co Ltd (6641.T)

6641.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nissin Electric to sell stake in unit
Friday, 5 Feb 2016 01:00am EST 

Nissin Electric Co Ltd:Says to sell 51 pct stake in its China-based subsidiary to Li Xiaohui for 10 million yuan in the end of March.To hold no stake in the unit after the transaction.  Full Article

Nissin Electric raises year-end dividend forecast for FY 2016
Thursday, 12 Nov 2015 01:00am EST 

Nissin Electric Co Ltd:Raised year-end dividend forecast to 8 yen per share from 7 yen per share for FY ending March 2016.  Full Article

Nissin Electric announces report from internal investigation committee
Thursday, 12 Nov 2015 01:00am EST 

Nissin Electric Co Ltd:Received report from internal investigation committee, which confirmed the variances of 1,019 mln yen between carrying amount and on-site inventory of work in process in Maebashi-based manufacturing division.  Full Article

Nissin Electric revises consolidated mid-year outlook and raises consolidated full-year outlook for FY 2016
Wednesday, 28 Oct 2015 02:00am EDT 

Nissin Electric Co Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 42,600 million yen from 43,000 million yen for the fiscal year ending March 31, 2016.Sees an increase of mid-year operating profit forecast to 1,900 million yen from 800 million yen.Sees an increase of mid-year ordinary profit forecast to 2,000 million yen from 800 million yen.Sees an increase of mid-year net profit forecast to 1,400 million yen from 500 million yen.Sees an increase of mid-year earnings per share to 13.10 yen from 4.68 yen.Says the company reaffirmed the consolidated full-year outlook for revenue as 120,000 million yen for the fiscal year ending March 31, 2016.Sees an increase of full-year operating profit forecast to 11,000 million yen from 10,500 million yen.Sees an increase of full-year ordinary profit forecast to 11,000 million yen from 10,500 million yen.Sees an increase of full-year net profit forecast to 7,000 million yen from 6,500 million yen.Sees an increase of full-year earnings per share to 65.50 yen from 60.82 yen.Comments that increased sales of new energy and environment business, as well as life cycle engineering business is the main reason for the forecast.FY 2016 revenues of 122.00 billion yen, net profit of 6.89 billion yen – Thomson Reuters I/B/E/S.  Full Article