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Oi Electric Co Ltd (6822.T)

6822.T on Tokyo Stock Exchange

309JPY
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23,090
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¥270

Latest Key Developments (Source: Significant Developments)

Oi Electric buys back 1.8 mln shares for 565.7 mln yen via ToSTNeT-3
Wednesday, 22 Feb 2017 09:00pm EST 

Oi Electric Co Ltd <6822.T>: Says it completed repurchase of 1.8 million shares(12.3 percent stake) for 565.7 million yen via ToSTNeT-3 .Says the shareholder Mitsubishi Electric Corp <6503.T> will cut stake in the co to 19.2 percent from 31.9 percent, effective Feb. 28.  Full Article

Oi Electric to buy back 2.2 mln shares for 684.2 mln yen via ToSTNeT-3
Wednesday, 22 Feb 2017 02:30am EST 

Oi Electric Co Ltd <6822.T>:Says the co plans to buy back up to 2.2 million shares(14.9 percent stake) for no more than 684.2 million yen via ToSTNeT-3.  Full Article

Oi Electric receives cease-and-desist order and surcharge order
Tuesday, 12 Jul 2016 02:30am EDT 

Oi Electric Co Ltd <6822.T>: Says it received cease-and-desist order and surcharge order from Japan Fair Trade Commission due to violation of antimonopoly law . Says it was required to stop the misconducts .Says it was also required to pay surcharge of 117.8 million yen by Feb. 13, 2017.  Full Article

Oi Electric raises consolidated full-year outlook and confirms year-end dividend forecast for FY 2016
Wednesday, 20 Apr 2016 02:30am EDT 

Oi Electric Co Ltd:Says the company raised the consolidated full-year outlook for the FY ended March 2016.Revenue forecast with unchanged 32,200 million yen.Operating profit forecast increased to 2,200 million yen from 1,600 million yen.Ordinary profit forecast increased to 2,300 million yen from 1,700 million yen.Net profit forecast increased to 1,300 million yen from 1,100 million yen.Earnings per share forecast increased to 88.43 yen from 74.95 yen.Comments that cost improvement is the main reason for the forecast.Confirmed year-end dividend forecast of 10 yen per share for the FY ended March 2016.  Full Article

Oi Electric raises consolidated full-year outlook and year-end dividend forecast for FY 2016
Wednesday, 24 Feb 2016 03:00am EST 

Oi Electric Co Ltd:Says the company raised the consolidated full-year outlook for the FY ending March 2016.Revenue forecast increased to 32,200 million yen from 31,000 million yen.Operating profit forecast increased to 1,600 million yen from 950 million yen.Ordinary profit forecast increased to 1,700 million yen from 1,000 million yen.Net profit forecast with unchanged 1,100 million yen.Earnings per share forecast with unchanged 74.95 yen.Comments that increased sales and expense reduction are the main reasons for the forecast.Says it raised the year-end dividend forecast to 10 yen per share from 7 yen per share for the FY ending March 2016.  Full Article

Oi Electric announces on-site inspection by Japan Fair Trade Commission
Monday, 15 Feb 2016 11:25pm EST 

Oi Electric Co Ltd:Says Japan Fair Trade Commission has conducted on an on-site inspection of the company on Feb. 16, under suspicion of violation of Anti-Trust Law.  Full Article

Oi Electric lowers consolidated full-year outlook and confirms year-end dividend forecast for FY 2015
Wednesday, 22 Apr 2015 02:30am EDT 

Oi Electric Co Ltd:Says the company lowered the consolidated full-year outlook for the FY ended March 2015.Revenue forecast decreased to 25,300 million yen from 26,000 million yen.Operating profit forecast decreased to 470 million yen from 700 million yen.Ordinary profit forecast decreased to 510 million yen from 740 million yen.Net profit forecast decreased to 130 million yen from 480 million yen.Earnings per share decreased to 8.84 yen from 32.65 yen.Comments that increased competition and lower sales of network construction maintenance, impairment loss of fixed assets and reversal of deferred tax assets are the main reasons for the forecast.Confirmed year-end dividend forecast of 5 yen per share for the FY ended March 2015.  Full Article

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