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Alps Electric Co Ltd (6770.T)

6770.T on Tokyo Stock Exchange

2,823JPY
25 Sep 2017
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¥3,600
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¥2,189

Latest Key Developments (Source: Significant Developments)

Alps Electric to fully acquire Alpine Electronics through stock swap
Thursday, 27 Jul 2017 03:22am EDT 

July 27(Reuters) - Alps Electric Co Ltd <6770.T>:Says it will fully acquire Alpine Electronics Inc <<<6816.T>>> through stock swap, effective Jan. 1, 2019.Says it will transfer rights and obligations (except group management business and asset management business) to a splitting preparation company and it will restructure the company into a holding company, effective April 1, 2019.Says Alpine Electronics Inc will be delisted from Tokyo Stock Exchange first section, effective Dec. 26, 2018.  Full Article

R&I affirms Alps Electric's rating at "BBB+" and changes outlook to positive from stable
Thursday, 6 Jul 2017 04:54am EDT 

July 6 (Reuters) - Alps Electric Co Ltd <6770.T>:.  Full Article

Alps Electric chairman to resign
Thursday, 27 Apr 2017 02:09am EDT 

April 27(Reuters) - Alps Electric Co Ltd <6770.T>:Says Masataka Kataoka will retire from chairman on June 23.  Full Article

U.S. FCC grants experimental STA to Alps Electric North America Inc
Monday, 17 Apr 2017 12:02pm EDT 

April 17 (Reuters) - :U.S. FCC grants experimental Special Temporary Authorization to Alps Electric North America Inc for testing radar module for vehcile sensor.  Full Article

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

UPDATE 4-BOJ keeps to script, but new board member dissents as policy on hold

* Gov Kuroda stresses importance of fiscal discipline (Adds Gov Kuroda quotes, recasts first paragraph)