Tokyo Cosmos Electric Co Ltd (6772.T) Key Developments | Reuters.com
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Tokyo Cosmos Electric Co Ltd (6772.T)

6772.T on Tokyo Stock Exchange

95JPY
24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Tokyo Cosmos Electric lowers year-end dividend forecast for FY 2016
Thursday, 3 Mar 2016 03:00am EST 

Tokyo Cosmos Electric Co Ltd:Says it lowered the year-end dividend forecast to 3 yen per share from 4.5 yen per share for the fiscal year ending March 2016.  Full Article

Tokyo Cosmos Electric lowers consolidated full-year outlook for FY 2016
Monday, 8 Feb 2016 01:00am EST 

Tokyo Cosmos Electric Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 7,200 mln yen from 7,400 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to a loss of 70 mln yen from 50 mln yen.Sees a decrease of ordinary profit forecast to 20 mln yen from 100 mln yen.Sees a decrease of net profit forecast to a loss of 130 mln yen from 67 mln yen.Comments the market condition and research cost are the main reasons for the forecast.  Full Article

Tokyo Cosmos Electric lowers consolidated full-year outlook for FY 2016
Thursday, 12 Nov 2015 01:00am EST 

Tokyo Cosmos Electric Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 7,400 million yen from 7,800 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to 50 million yen from 300 million yen.Sees a decrease of ordinary profit forecast to 100 million yen from 350 million yen.Sees a decrease of net profit forecast to 67 million yen from 230 million yen.Sees a decrease of earnings per share to 4.27 yen from 14.66 yen.Comments the sales decrease and costs increase are the main reasons for the forecast.  Full Article

Tokyo Cosmos Electric to merge with wholly owned subsidiary
Thursday, 25 Jun 2015 03:00am EDT 

Tokyo Cosmos Electric Co Ltd:To merge with a Kanagawa-based wholly owned subsidiary, which is engaged in insurance agency, on Oct. 1.The subsidiary will dissolve after merger.  Full Article

Tokyo Cosmos Electric to establish new wholly owned subsidiary
Thursday, 12 Feb 2015 01:00am EST 

Tokyo Cosmos Electric Co Ltd:To establish a wholly owned subsidiary based in Guangzhou, China, in April.New subsidiary to be engaged in the manufacturing and sales of electrical component for automobile use and adjustable resistor.New subsidiary to be capitalized at $3,200,000.  Full Article

Tokyo Cosmos Electric Co Ltd amends consolidated full-year outlook for FY 2015
Thursday, 13 Nov 2014 12:00am EST 

Tokyo Cosmos Electric Co Ltd:Says the company reaffirmed the consolidated full-year outlook for revenue at 7,550 million yen for FY ending March 2015.Sees a decrease of operating profit forecast to 120 million yen from 300 million yen.Sees a decrease of ordinary profit forecast to 170 million yen from 370 million yen.Sees a decrease of net profit forecast to 100 million yen from 250 million yen.Sees a decrease of earnings per share to 6.32 yen from 15.93 yen.Comments the valuation loss on inventories is the main reason for the forecast.  Full Article

Tokyo Cosmos Electric Co Ltd lowers consolidated mid-year and full-year outlook for FY 2015
Tuesday, 12 Aug 2014 01:00am EDT 

Tokyo Cosmos Electric Co Ltd:Says the company lowered the consolidated mid-year outlook for the FY ending March 2015.Revenue forecast decreased to 3,650 million yen from 3,900 million yen.Operating profit forecast decreased to 100 million yen from 250 million yen.Ordinary profit forecast decreased to 140 million yen from 280 million yen.Net profit forecast decreased to 100 million yen from 170 million yen.Earnings per share decreased to 6.37 yen from 10.84 yen.Says the company lowered the consolidated full-year outlook for the FY ending March 2015.Revenue forecast decreased to 7,550 million yen from 7,800 million yen.Operating profit forecast decreased to 300 million yen from 450 million yen.Ordinary profit forecast decreased to 370 million yen from 500 million yen.Net profit forecast decreased to 250 million yen from 320 million yen.Earnings per share decreased to 15.93 yen from 20.40 yen.Comments that revenue lower than expected and inventory valuation loss in Q1 are the main reasons for the forecast.  Full Article