Key Developments: Osaki Electric Co Ltd (6644.T)
567JPY
24 May 2013
¥5 (+0.89%)
¥616
¥576
¥584
¥550
311,000
305,131
¥731
¥368
Latest Key Developments (Source: Significant Developments)
R&I Affirms Rating on Osaki Electric Co., Ltd. at "BBB+"; Rating Outlook Stable
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Osaki Electric Co., Ltd. at "BBB+". The rating outlook is stable. Full Article
Osaki Electric Co Ltd Amends Consolidated Mid-year Outlook for FY Ending March 2013
Osaki Electric Co Ltd announced that it has lowered its consolidated mid-year outlook for revenue from JPY 30,500 million to JPY 29,000 million, and reaffirmed its consolidated mid-year outlook for operating profit of JPY 800 million, and raised its consolidated mid-year outlook for ordinary profit from JPY 700 million to JPY 1,200 million, net profit from JPY 70 million to JPY 100 million and earning per share from JPY 1.93 to JPY 2.81 for the fiscal year ending March 2013. This is due to the decreased sale of flat panel display businesses, as well as the increased sale of measurement controller businesses. Full Article
Osaki Electric Co., Ltd. to Issue 2017 due Euro Yen-denominated Convertible Bonds
Osaki Electric Co., Ltd. announced that it has decided to issue 2017 due Euro Yen-denominated convertible bonds, in amount of JPY 6 billion, with no interest, on July 26, 2012. The maturity is on July 26, 2015. Full Article
Osaki Electric Co., Ltd. Completes Acquisition of SMB United Limited
Osaki Electric Co., Ltd. announced that it has completed the acquisition of 474,507,239 shares (92.48% of total shares outstanding) of SMB United Limited's common stock, for approximately JPY 11.8 billion, or SGD 190 million on February 27, 2012. Full Article
Osaki Electric Co., Ltd. Announces Result of Voluntary Conditional Cash Offer to Acquire SMB United Limited
Osaki Electric Co., Ltd. announced that the voluntary conditional cash offer for all common shares of SMB United Limited's stock closed on January 27, 2012. The number of shares accepted is 261,900,946, which is 53.54% of total shares outstanding of SMB United Limited's stock. Osaki Electric Co., Ltd. will disclose further information once determined. Full Article
Osaki Electric Co., Ltd. Expects Third Quarterly Extraordinary Loss for FY Ending March 2012
Osaki Electric Co., Ltd. announced that it expects to record JPY 198 million loss on valuation of investment securities as extraordinary loss for the third quarter of fiscal year ending March 2012. Full Article
Voluntary Conditional Cash Offer By Osaki Electric Co., Ltd. To Acquire All Ordinary Shares In SMB United Limited
Daiwa Capital Markets Singapore Limited announced, for and on behalf of Osaki Electric Co., Ltd. (the Offeror), that the Offeror intends to make a voluntary conditional cash offer (the Offer) for all the ordinary shares in the capital of SMB United Limited. For each share SGD0.40 in cash (the Offer Price). The Shares will be acquired fully paid, free from all claims, charges, mortgages, liens, options, equity, power of sale, hypothecation, retention of title, rights of preemption, rights of first refusal or other third party rights or security interests of any kind or any agreements, arrangements or obligations to create any of the foregoing and together with all rights, benefits and entitlements attached thereto as at the date hereof (the Announcement Date) and hereafter attaching thereto, including the right to receive and retain all dividends, rights and other distributions (if any) declared, paid or made by the Company on or after the Announcement Date. Full Article
R&I Affirms Rating on Osaki Electric Co., Ltd. at "BBB+"; Rating Outlook Stable
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Osaki Electric Co., Ltd. at "BBB+". The rating outlook is stable. Full Article
Osaki Electric Co., Ltd. Amends Consolidated Mid-year and Full-year Outlook for FY 2012
Osaki Electric Co., Ltd. announced that it has lowered its consolidated mid-year outlook for revenue from JPY 23,000 million to JPY 21,500 million, but raised the outlook for operating profit from JPY 800 million to JPY 1,350 million, ordinary profit from JPY 850 million to JPY 1,500 million, net profit from JPY 650 million to JPY 900 million and earning per share from JPY 17.36 to JPY 24.43, for the fiscal year ending March 2012. In addition, the Company has also lowered its consolidated full-year outlook for revenue from JPY 50,000 million to JPY 48,000 million, but raised the outlook for operating profit from JPY 2,700 million to JPY 2,800 million, ordinary profit from JPY 2,800 million to JPY 3,000 million, net profit from JPY 1,750 million to JPY 1,800 million and earning per share from JPY 46.75 to JPY 48.87, for the fiscal year ending March 2012. The Company raised the profit outlook due to the conservation of electricity and the improved productivity, among others. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 47.90 billion and earning per share of JPY 53.57. Full Article
Osaki Electric Co., Ltd. Completes Share Repurchase
Osaki Electric Co., Ltd. announced that it has completed to repurchase 1,779,000 shares for JPY 1,346,703,000 on August 18, 2011. Full Article
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