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Iwatsu Electric Co Ltd (6704.T)

6704.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Iwatsu Electric announces result of early-retirement program
Friday, 24 Jun 2016 02:05am EDT 

Iwatsu Electric Co Ltd <6704.T>:Says 206 employees took up the offer of the early-retirement program announced on April 15.  Full Article

Iwatsu Electric to offer early-retirement program
Friday, 15 Apr 2016 02:00am EDT 

Iwatsu Electric Co Ltd:To offer an early-retirement program with subsidiary to employees, who are above 35 years old.Offering period from June 3 to June 16.The company expects 200 employees to take up the offer.Says the employees who take up the offer will retire on June 30.The company will provide retirement payment and outplacement support to the retiring employees.  Full Article

Iwatsu Electric announces merger with three units
Friday, 15 Apr 2016 02:00am EDT 

Iwatsu Electric Co Ltd:Says is to merge with three wholly owned subsidiaries IWATSU SALES,IWATSU TEST INSTRUMENTS and Media Comfort , effective July 1.  Full Article

Iwatsu Electric announces change of president
Friday, 25 Mar 2016 02:00am EDT 

Iwatsu Electric Co Ltd:Appoints Tooru Nishido as new president of the company to succeed Tsuneo Kondo, effective on June 24.  Full Article

Iwatsu Electric to sell property
Wednesday, 10 Feb 2016 01:00am EST 

Iwatsu Electric Co Ltd:To sell a Tokyo-based property (land) for 2,919 million yen in March.  Full Article

Iwatsu Electric lowers consolidated full-year outlook for FY 2016
Wednesday, 10 Feb 2016 01:00am EST 

Iwatsu Electric Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 23,800 mln yen from 25,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to a loss of 700 mln yen from a loss of 400 mln yen.Sees a decrease of ordinary profit forecast to a loss of 500 mln yen from a loss of 200 mln yen.Sees a decrease of net profit forecast to a loss of 600 mln yen from a loss of 300 mln yen.Sees a decrease of earnings per share to a loss of 6.08 yen from a loss of 3.04 yen.  Full Article

Iwatsu Electric lowers consolidated full-year net profit outlook for FY 2016
Friday, 6 Nov 2015 01:00am EST 

Iwatsu Electric Co Ltd:Says the company reaffirmed the consolidated full-year outlook for revenue at 25,000 mln yen for the fiscal year ending March 2016.Sees a decrease of operating profit forecast to a loss of 400 mln yen from 0 mln yen.Sees a decrease of ordinary profit forecast to a loss of 200 mln yen from 200 mln yen.Sees a decrease of net profit forecast to a loss of 300 mln yen from 100 mln yen.Sees a decrease of earnings per share to a loss of 3.04 yen from 1.01 yen.Comments the sluggish in core businesses as the main reason for the forecast.  Full Article

Iwatsu Electric raises consolidated full-year outlook for FY 2015
Friday, 24 Apr 2015 02:00am EDT 

Iwatsu Electric Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 24,778 million yen from 24,700 million yen for FY ended March 2015.Operating profit forecast increased to -261 million yen from -500 million yen.Ordinary profit forecast increased to -9 million yen from -200 million yen.Net profit forecast increased to 51 million yen from -300 million yen.Earnings per share increased to 0.52 yen from -3.04 yen.Comments the sales increase and costs reduction are the main reasons for the forecast.  Full Article

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