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Oki Electric Industry Co Ltd (6703.T)

6703.T on Tokyo Stock Exchange

1,694JPY
25 May 2017
Change (% chg)

¥26 (+1.56%)
Prev Close
¥1,668
Open
¥1,670
Day's High
¥1,699
Day's Low
¥1,664
Volume
559,200
Avg. Vol
478,440
52-wk High
¥1,768
52-wk Low
¥1,250

Latest Key Developments (Source: Significant Developments)

Oki Electric Industry names new auditing firm
Friday, 19 May 2017 03:02am EDT 

May 19 (Reuters) - Oki Electric Industry Co Ltd <6703.T>: :* Says it has named PricewaterhouseCoopers Aarata LLC as the new auditing firm, to replace Ernst & Young ShinNihon LLC.* Effective date June 23 .  Full Article

Oki Electric Industry to sell property
Friday, 24 Feb 2017 01:48am EST 

Oki Electric Industry Co Ltd <6703.T>:Says it to sell property including land and building that located in Japan in late March, with undisclosed price.  Full Article

R&I affirms Oki Electric Industry's rating at "BBB-" and announces stable outlook – R&I
Monday, 13 Feb 2017 01:17am EST 

Oki Electric Industry Co Ltd <6703.T>: Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB-" – R&I .Rating outlook stable– R&I.  Full Article

Oki Electric Industry receives cease-and-desist order and surcharge order
Thursday, 2 Feb 2017 01:56am EST 

Oki Electric Industry Co Ltd <6703.T> : Says co receives cease-and-desist order and surcharge order from Japan Fair Trade Commission on Feb. 2, due to violation of antimonopoly law regarding supply of fire & rescue digital wireless machinery .Says it was required to stop the misconducts, as well as to pay surcharge of 243.8 million yen.  Full Article

Oki Electric Industry to sell unit Oki Sensor Device for 15.4 bln yen
Thursday, 2 Feb 2017 01:40am EST 

Oki Electric Industry Co Ltd <6703.T> :Says it plans to sell 100 percent stake of shares in its unit Oki Sensor Device Corp, to Mold-Tech Singapore PTE Ltd, for 15.4 billion yen, on March 31.  Full Article

Nippon Avionics unit to sell lands and printed wiring board business
Thursday, 7 Jul 2016 02:57am EDT 

Nippon Avionics Co Ltd <6946.T>: Says its Yamanashi-based unit, which is engaged in production of printed wiring board, will sell Yamanashi-located land to Central Japan Railway Co <9022.T> . Says the unit will get 7.39 billion yen as compensation . Says the unit will sell the printed wiring board business to Oki Electric Industry Co Ltd <6703.T> and its two wholly owned units, effective March 31, 2018 .Says the selling price is not disclosed.  Full Article

Oki Electric Industry announces change of chairman and Executive President
Tuesday, 23 Feb 2016 08:00pm EST 

Oki Electric Industry Co Ltd:Appoints Hideichi Kawasaki who is current Executive President of the co as new chairman of the board.Appoints Shinya Kamagami as new Executive President to replace Hideichi Kawasaki.Says changes effective on April 1.  Full Article

R&I affirms Oki Electric Industry's rating at "BBB-" and announces stable outlook
Wednesday, 20 Jan 2016 01:00am EST 

Oki Electric Industry Co Ltd:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB-".Rating outlook stable.  Full Article

Oki Electric Industry lowers consolidated full-year outlook for FY 2016
Thursday, 5 Nov 2015 01:15am EST 

Oki Electric Industry Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 515,000 million yen from 545,000 million yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 17,000 million yen from 30,000 million yen.Sees a decrease of ordinary profit forecast to 14,500 million yen from 28,000 million yen.Sees a decrease of net profit forecast to 10,000 million yen from 22,000 million yen.Sees a decrease of earnings per share to 11.51 yen from 25.33 yen.FY 2016 revenues of 523.50 billion yen, net profit of 15.50 billion yen – Thomson Reuters I/B/E/S.Comments that decreased sales in China market is the main reason for the forecast.  Full Article

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BRIEF-Oki Electric Industry names new auditing firm

* Says it has named PricewaterhouseCoopers Aarata LLC as the new auditing firm, to replace Ernst & Young ShinNihon LLC