Key Developments: Nissin Electric Co Ltd (6641.T)

6641.T on Tokyo Stock Exchange

633JPY
28 Nov 2014
Price Change (% chg)

¥-13 (-2.01%)
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¥646
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¥647
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Volume
114,000
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¥690
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Latest Key Developments (Source: Significant Developments)

Nissin Electric Co Ltd amends consolidated mid-year outlook for FY 2015
Monday, 27 Oct 2014 02:00am EDT 

Nissin Electric Co Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 44,360 million yen from 45,000 million yen for FY ending March 2015.Operating profit forecast increased to 1,400 million yen from 700 million yen.Ordinary profit forecast increased to 1,560 million yen from 700 million yen.Net profit forecast increased to 760 million yen from 400 million yen.Earnings per share increased to 7.11 yen from 3.74 yen.Comments the delay in recognition of revenue is the main reason for the forecast.  Full Article

Nissin Electric Co Ltd to Pay Mid-term Dividend for FY 2014; to Merge with Subsidiary
Wednesday, 30 Oct 2013 02:00am EDT 

Nissin Electric Co Ltd announced that it will pay a mid-term dividend of JPY 6.00 per share (JPY 641 million in total) for fiscal year ending March 2014, above the latest dividend forecast of JPY 5.00 per share, to all the shareholders as a record of September 30, 2013, effective December 6, 2013. The Company will merge with a wholly owned subsidiary EcoTron CO.,LTD., which has been engaged in development, manufacture and sale of epitaxial film for silicon carbide semiconductor in Kyoto, effective January 1, 2014. As a result, the Company will be the surviving company and the subsidiary will be dissolved.  Full Article

Nissin Electric Co Ltd Amends Mid-year and Full-year Consolidated Outlook for FY 2014
Friday, 25 Oct 2013 02:00am EDT 

Nissin Electric Co Ltd announced that it has lowered its mid-year consolidated outlook for revenue from JPY 50,000 million to JPY 47,503 million, and raised its mid-year consolidated outlook for operating profit from JPY 1,500 million to JPY 3,137 million, ordinary profit from JPY 1,500 million to JPY 3,053 million, net profit from JPY 700 million to JPY 1,668 million, and earnings per share from JPY 6.55 to JPY 15.61, for the fiscal year ending March 31, 2014. The Company has reaffirmed its full-year consolidated outlook for revenue of JPY 110,000 million, and raised its full-year consolidated outlook for operating profit from JPY 8,000 million to JPY 9,000 million, ordinary profit from JPY 8,000 million to JPY 9,000 million, net profit from JPY 4,800 million to JPY 5,500 million, and earnings per share from JPY 44.91 to JPY 51.46, for the same fiscal year. The Company lowered its mid-year consolidated outlook for revenue mainly due to the postponed revenue to the second half of fiscal year 2014, and raised its consolidated outlook for operating profit, ordinary profit and net profit mainly due to the cost reduction and sales of ion implantation system. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 109,830 million, operating profit of JPY 8,900 million and net profit of JPY 5,500 million, for the same fiscal year.  Full Article

Nissin Electric Co Ltd to Merge with Subsidiary
Thursday, 25 Jul 2013 02:00am EDT 

Nissin Electric Co Ltd announced that it has decided to merge with a wholly owned subsidiary, Nissin Power Distribution Systems Co.,Ltd., effective October 1, 2013. After this, the Company will be the surviving company and the subsidiary will be dissolved.  Full Article

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