Key Developments: Alps Electric Co Ltd (6770.T)
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1,124,500
4,041,047
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Latest Key Developments (Source: Significant Developments)
Alps Electric Co Ltd To Cut 3,000 Jobs-DJ
Dow Jones reported that Alps Electric Co Ltd said that it will cut about 3,000 jobs at home and abroad in fiscal 2013, accounting for about 8% of its 36,000 employees, the Nikkei reported in its Thursday evening edition. The people who will be let go include temporary workers. Full Article
Alps Electric Co Ltd Lowers Consolidated Full-year Outlook and Year-end Dividend Forecast for FY 2013
Alps Electric Co Ltd announced that it has lowered its consolidated full-year outlook for revenue from JPY 544,000 million to JPY 541,000 million, operating profit from JPY 11,800 million to JPY 8,000 million, ordinary profit from JPY 9,700 million to JPY 6,500 million, net profit from JPY 1,300 million to a loss of JPY 8,500 million and earning per share from JPY 7.25 to a loss of JPY 47.42, for the fiscal year ending March 2013. The Company lowered the outlook due to the decreased sales. In addition, the Company has changed its year-end dividend forecast from JPY 5 per share to JPY 0 per share, for the fiscal year ending March 2013. Full Article
Alps Electric Co Ltd Lowers Consolidated Mid-year and Full-year Outlook for FY 2013; Lowers Dividend Forecast for FY 2013
Alps Electric Co Ltd announced that it has lowered its consolidated mid-year outlook for revenue from JPY 274,500 million to JPY 264,400 million, operating profit from JPY 7,500 million to JPY 2,800 million, ordinary profit from JPY 6,000 million to JPY 1,500 million, net profit from JPY 3,000 million to a loss of JPY 2,800 million and earning per share from JPY 16.74 to a loss of JPY 15.62, for the fiscal year ending March 2013. In addition, the Company has also lowered its consolidated full-year outlook for revenue from JPY 565,000 million to JPY 544,000 million, operating profit from JPY 22,000 million to JPY 11,800 million, ordinary profit from JPY 19,000 million to JPY 9,700 million, net profit from JPY 10,500 million to JPY 1,300 million and earning per share from JPY 58.58 to JPY 7.25, for the fiscal year ending March 2013. The Company lowered the outlook due to the decreased sales, among others. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 550.55 billion and net profit of JPY 4.34 billion. The Company has also lowered its mid-term dividend forecast from JPY 10 per share to JPY 5 per share and its year-end dividend forecast from JPY 10 per share to JPY 5 per share, for the fiscal year ending March 2013. Full Article
R&I Affirms Rating on Alps Electric Co., Ltd. at "BBB"; Rating Outlook Stable
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Alps Electric Co., Ltd. at "BBB". The rating outlook is stable. Full Article
Alps Electric Co., Ltd. Appoints New Chairman and President
Alps Electric Co., Ltd. announced that it has appointed Masataka Kataoka as Chairman of the Board, and has appointed Toshihiro Kuriyama to replace Masataka Kataoka as President of the Company, effective June 22, 2012. Full Article
Alps Electric Co., Ltd. Amends Consolidated Full-year Outlook for FY 2012
Alps Electric Co., Ltd. announced that it has raised its consolidated full-year outlook for revenue from JPY 519,000 million to JPY 522,000 million, but lowered the outlook for operating profit from JPY 16,000 million to JPY 14,500 million, ordinary profit from JPY 13,500 million to JPY 12,000 million, net profit from JPY 5,500 million to JPY 3,000 million and earnings per share from JPY 30.69 to JPY 16.74, for the fiscal year ending March 2012. The Company raised the revenue outlook due to the increased sales, and lowered the profit outlook due to the impact of the higher yen and the higher materials price, among others. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 516.34 billion and net profit of JPY 5.15 billion. Full Article
Alps Electric Co., Ltd. Issues Q4, FY 2011 EPS Guidance-Conference Call
Alps Electric Co., Ltd. announced that for fiscal 2011, it expects earnings per share (EPS) of $5.15-$5.40 and for the fourth quarter of 2011, it expects EPS of $1.30. Full Article
Alps Electric Co., Ltd. Lowers Consolidated Full-year Forecast for FY 2012
Alps Electric Co., Ltd. announced that it has lowered the consolidated full-year forecast for revenue from JPY 540,000 million to JPY 519,000 million, operating profit from JPY 24,000 million to JPY 16,000 million, ordinary profit from JPY 22,000 million to JPY 13,500 million, net profit from JPY 12,000 million to JPY 5,500 million and earning per share from JPY 66.95 to JPY 30.69 for the fiscal year ending March 31, 2012. The Company lowered the consolidated full-year outlook due to the downturn in economy and raising value of yen. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 531.35 billion and net profit of JPY 8.20 billion for the fiscal year ending March 2012. Full Article
R&I Affirms Alps Electric Co., Ltd.'s Rating at "BBB"; Rating Outlook Stable
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Alps Electric Co., Ltd. at "BBB". The rating outlook is stable. Full Article
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