Osaki Electric Co Ltd (6644.T) Key Developments | Reuters.com
Edition:
United States

Osaki Electric Co Ltd (6644.T)

6644.T on Tokyo Stock Exchange

804JPY
2:00am EDT
Change (% chg)

¥16 (+2.03%)
Prev Close
¥788
Open
¥803
Day's High
¥817
Day's Low
¥798
Volume
460,000
Avg. Vol
306,471
52-wk High
¥823
52-wk Low
¥566

Latest Key Developments (Source: Significant Developments)

Osaki Electric says to make Osaki Engineering wholly owned unit
Thursday, 30 Jun 2016 02:25am EDT 

Osaki Engineering <6259.T>: Says received notice from Osaki Electric <6644.T>, regarding fully acquisition at 800 yen/share . Last trading date July 29 and transaction effective Aug. 4 .Says it will delist from TSE, effective Aug. 1.  Full Article

Osaki Electric announces outcome of takeover bid for shares of Osaki Engineering
Thursday, 23 Jun 2016 02:15am EDT 

Osaki Electric Co Ltd <6644.T>: Says it acquired 2.2 million shares of Osaki Engineering Co Ltd <6259.T> during the period from May 12 to June 22 . Says acquisition price at 800 yen per share . Says payment date June 29 .Says the acquirer will hold 96.0 percent voting rights in the company, up from 54.1 percent, after the transaction.  Full Article

Osaki Electric to offer takeover bid for shares of unit Osaki Engineering for 1.9 bln yen
Wednesday, 11 May 2016 02:00am EDT 

Osaki Electric <6644.T>: Says it to offer takeover bid for 2,373,222 shares of unit Osaki Engineering <6259.T> . Says it aims to hold 100 percent stake in unit, up from 54.1 percent . Says total price of 1,898,577,600 yen, with 800 yen per share . Offering period from May 12 to June 22 .Settlement starts from June 29.  Full Article

Osaki Electric adjusts conversion price for 2017 due euro-yen denominated convertible bonds with warrants
Friday, 26 Jun 2015 02:00am EDT 

Osaki Electric Co Ltd:Adjusted the conversion price for 2017 due euro-yen denominated convertible bonds to 613.4 yen per share, from 616 yen per share, effective April 1.  Full Article

Osaki Electric to issue year-end dividend for FY 2015
Friday, 8 May 2015 01:00am EDT 

Osaki Electric Co Ltd:To issue a year-end dividend of 9 yen per share to all the shareholders of record as of March 31, for FY ended March 2015.Payment date June 29.Says latest dividend forecast was 6 yen per share.  Full Article

Osaki Electric revises consolidated full-year outlook for FY 2015
Friday, 1 May 2015 01:00am EDT 

Osaki Electric Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 77,360 million yen from 76,000 million yen for FY ended March 2015.Operating profit forecast increased to 3,270 million yen from 3,100 million yen.Ordinary profit forecast increased to 3,580 million yen from 3,100 million yen.Net profit forecast increased to 2,750 million yen from 4,500 million yen.Earnings per share increased to 74.18 yen from 126.06 yen.Comments the sales increase and extraordinary loss are the main reasons for the forecast.  Full Article

R&I downgrades Osaki Electric's rating to "BBB" and announces stable outlook
Thursday, 29 Jan 2015 01:00am EST 

Osaki Electric Co Ltd:Rating and Investment Information, Inc. (R&I) downgraded the company's rating to "BBB", previously "BBB+".Rating outlook is stable.  Full Article

Osaki Electric Co Ltd to sell sub-subsidiary and expects extraordinary profit for FY 2015
Thursday, 27 Nov 2014 01:00am EST 

Osaki Electric Co Ltd:To sell its entire 64,472,615 shares (a 100 pct stake) of SMB Electric Pte Ltd to Fuji Electric Co., Ltd. for 9,888 million yen on Dec. 29.Expects to record about 3 billion yen as extraordinary profit for the fiscal year ending March 2015.  Full Article

Osaki Electric Co Ltd raises consolidated full-year net profit outlook for FY 2015
Thursday, 27 Nov 2014 01:00am EST 

Osaki Electric Co Ltd:Says the company affirmed the consolidated full-year outlook for revenue at 76,000 million yen for the fiscal year ending March 31, 2015.Operating profit forecast increased confirmed at 3,100 million yen.Ordinary profit forecast confirmed at 3,100 million yen.Net profit forecast increased to 4,500 million yen from 1,500 million yen.Earnings per share increased to 126.06 yen from 42.02 yen.FY 2015 revenues of 74.50 billion yen, reported net profit of 1.60 billion yen – Thomson Reuters I/B/E/S.Comments that the recording of gain on selling of stake in sub-subsidiary is the main reason for the forecast.  Full Article

Osaki Electric Co Ltd amends consolidated full-year outlook for FY 2015
Tuesday, 28 Oct 2014 01:00am EDT 

Osaki Electric Co Ltd:Says the company reaffirmed the consolidated full-year outlook for revenue at 76,000 million yen for FY ending March 2015.Operating profit forecast increased to 3,100 million yen from 2,600 million yen.Ordinary profit forecast increased to 3,100 million yen from 2,600 million yen.Net profit forecast increased to 1,500 million yen from 1,300 million yen.Earnings per share increased to 42.02 yen from 36.45 yen.FY 2015 revenues of 73.20 billion yen, net income of 1.5 billion yen – Thomson Reuters I/B/E/S.Comments the sales increase in measurement and control equipment business is the main reason for the forecast.  Full Article

BRIEF-Osaki Electric announces outcome of takeover bid for shares of Osaki Engineering

* Says it acquired 2.2 million shares of Osaki Engineering Co Ltd during the period from May 12 to June 22