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Alps Electric Co Ltd (6770.T)

6770.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Alps Electric to merge units KURIKOMA ELECTRONICS CO.,LTD. and Alps Green Devices Co., Ltd.
Friday, 26 Aug 2016 04:15am EDT 

Alps Electric co Ltd <6770.T>: Says it plans to merge its wholly owned units KURIKOMA ELECTRONICS CO.,LTD. and Alps Green Devices Co., Ltd. on Oct. 1 .Says it resolved to forgive the 1.31 billion yen worth debts of Alps Green Devices Co., Ltd..  Full Article

R&I affirms Alps Electric's rating at "BBB+" and says stable outlook
Wednesday, 29 Jun 2016 02:30am EDT 

Alps Electric Co Ltd <6770.T>: Says Rating and Investment Information, Inc. (R&I) affirmed the company's issuer rating at "BBB+" .Says rating outlook stable.  Full Article

Alps Electric lowered consolidated full-year outlook and raised year-end dividend forecast for FY 2016
Wednesday, 27 Jan 2016 01:00am EST 

Alps Electric Co Ltd:Says the company lowered the consolidated full-year outlook for the FY ending March 2016.Revenue forecast decreased to 775,000 million yen from 778,000 million yen.Operating profit forecast decreased to 52,500 million yen from 60,500 million yen.Ordinary profit forecast decreased to 51,500 million yen from 59,500 million yen.Net profit forecast decreased to 40,000 million yen from 49,500 million yen.Earnings per share forecast decreased to 213.64 yen from 268.23 yen.Comments that decreased sales revenue is the main reason for the forecast.Raised year-end dividend forecast to 15 yen per share from 10 yen per share for FY ending March 2016.  Full Article

Alps Electric raises consolidated full-year outlook for FY 2016
Thursday, 29 Oct 2015 02:00am EDT 

Alps Electric Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 778,000 mln yen from 767,000 mln yen, for the fiscal year ending March 31, 2016.Operating profit forecast increased to 60,500 mln yen from 54,500 mln yen.Ordinary profit forecast increased to 59,500 mln yen from 54,500 mln yen.Net profit forecast increased to 49,500 mln yen from 41,500 mln yen.Earnings per share increased to 268.23 yen from 229.98 yen.Comments the effect from yen devaluation and improved performance in core business are the main reasons for the forecast.  Full Article

Alps Electric raises consolidated mid-year outlook for FY 2016
Monday, 28 Sep 2015 02:00am EDT 

Alps Electric Co Ltd:Says the company increased the consolidated mid-year outlook for revenue to 394,000 million yen from 378,000 million yen for FY ending March 2016.Operating profit forecast increased to 31,000 million yen from 24,000 million yen.Ordinary profit forecast increased to 30,500 million yen from 23,500 million yen.Net profit forecast increased to 25,500 million yen from 20,000 million yen.Earnings per share increased to 141.31 yen from 110.83 yen.Comments the sales increase and costs reduction are the main reasons for the forecast.  Full Article

Alps Electric raises consolidated mid-year and full-year net profit outlook for FY 2016
Wednesday, 29 Jul 2015 03:30am EDT 

Alps Electric Co Ltd:Says the company reaffirmed the consolidated mid-year outlook for revenue at 378,000 million yen for the fiscal year ending March 31, 2016.Confirms the operating profit forecast at 24,000 million yen.Confirms the ordinary profit forecast at 23,500 million yen.Sees an increased net profit forecast to 20,000 million yen from 15,000 million yen.Sees an increased earnings per share to 110.83 yen from 83.68 yen.Says the company reaffirmed the consolidated full-year outlook for revenue at 767,000 million yen for the fiscal year ending March 31, 2016.Confirms the operating profit forecast at 54,500 million yen.Confirms the ordinary profit forecast at 54,500 million yen.Sees an increased net profit forecast to 41,500 million yen from 36,500 million yen.Sees an increased earnings per share to 229.98 yen from 203.63 yen.Says the net profit outlook raised due to the extraordinary profit recorded as gain on sale of securities.  Full Article

R&I upgrades Alps Electric's rating to "BBB+" and announces stable rating outlook
Friday, 26 Jun 2015 02:00am EDT 

Alps Electric Co Ltd:Rating and Investment Information, Inc. (R&I) raised the company's issuer rating to "BBB+" from "BBB".Rating outlook stable.  Full Article

Alps Electric raises consolidated full-year outlook for FY 2015 and raises year-end dividend forecast for FY 2015
Thursday, 29 Jan 2015 10:00pm EST 

Alps Electric Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 735,000 million yen from 710,000 million yen for FY ending March 2015.Operating profit forecast increased to 50,000 million yen from 41,000 million yen.Ordinary profit forecast increased to 53,000 million yen from 39,500 million yen.Net profit forecast increased to 32,000 million yen from 24,500 million yen.Earnings per share increased to 178.53 yen from 136.68 yen.FY 2015 revenues of 730.29 billion yen, net income of 29.01 billion yen – Thomson Reuters I/B/E/S.Comments the development of product for auto car and smartphone market and costs reduction are the main reasons for the forecast.Raised year-end dividend forecast to 10 yen per share from 5 yen per share for FY ending March 2015.  Full Article