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Funai Electric Co Ltd (6839.T)

6839.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Funai Electric files lawsuit on Tokyo High Court
Wednesday, 12 Oct 2016 04:03am EDT 

Funai Electric Co Ltd <6839.T>:Says it appealed to Tokyo High Court to against judgment of a lawsuit rejected by Tokyo District Court, regarding a taxation decision on a Hong Kong-based subsidiary of the co.  Full Article

Tokyo District Court rejects Funai Electric's appeal
Thursday, 29 Sep 2016 12:00am EDT 

Funai Electric Co Ltd <6839.T>: Says Tokyo District Court rejected the appeal filed by the co on Jan. 17, 2015, regarding a taxation decision on a Hong Kong-based subsidiary of the co .Says the subsidiary received reassessment of income taxes worth about 1.9 billion yen, including tax penalty of about 900 million yen, on June 29, 2011.  Full Article

Funai Electric gets approval to extend submitting of Q1 report for FY 2017
Wednesday, 10 Aug 2016 03:18am EDT 

Funai Electric Co Ltd <6839.T>:Says it has received the approval to extend the deadline of submitting the Q1 report for fiscal year ending March 2017 to Sep. 15, instead of Aug. 15.  Full Article

FUNAI ELECTRIC's president and chairman change
Monday, 23 May 2016 02:55am EDT 

FUNAI ELECTRIC Co Ltd <6839.T> : Says it appoints Tetsuhiro Maeda as new president to replace Tomonori Hayashi . Says its current chairman of the board Tetsuro Funai will retire from the position .Says changes will occur on June 28.  Full Article

FUNAI ELECTRIC reaches to settlement of lawsuit for compensation for damages with Olympus; expects extraordinary profit for FY 2016
Wednesday, 16 Dec 2015 01:00am EST 

FUNAI ELECTRIC CO LTD:Filed a lawsuit for compensation for damages against Olympus Corporation.Reached to a settlement of the lawsuit that Olympus Corporation. to pay 970 million yen to the company and the company will withdraw the lawsuit.Says it expects an extraordinary profit of 900 million yen for FY ending March 2016.Says the profit was recorded as gain on the settlement.  Full Article

FUNAI ELECTRIC lowers consolidated full-year outlook for FY 2016
Monday, 9 Nov 2015 02:00am EST 

FUNAI ELECTRIC CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 187,900 mln yen from 220,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to a loss of 6,000 mln yen from 1,600 mln yen.Sees a decrease of ordinary profit forecast to a loss of 7,500 mln yen from 1,200 mln yen.Sees a decrease of net profit forecast to a loss of 9,500 mln yen from 400 mln yen.Sees a decrease of earnings per share to a loss of 278.44 yen from 11.72 yen.Comments the sluggish in sales of SANYO brand products and lower profitability in Mexico market are the main reasons for the forecast.  Full Article

FUNAI ELECTRIC amends consolidated full-year outlook for FY 2015
Monday, 30 Mar 2015 04:00am EDT 

FUNAI ELECTRIC CO LTD:Says the company amended the consolidated full-year outlook for the FY ending March 2015.Confirmed the revenue at 203,000 million yen.Operating profit forecast decreased to 0 million yen from 500 million yen.Ordinary profit forecast decreased to 1,000 million yen from 1,400 million yen.Net profit forecast decreased to 800 million yen from 900 million yen.Earnings per share decreased to 23.45 yen from 26.38 yen.FY 2015 revenues of 205.85 billion yen, net income of 1.73 billion yen – Thomson Reuters I/B/E/S.Comments that other stock distribution and increased LCD panel price are the main reasons for the forecast.  Full Article

FUNAI ELECTRIC signs licence agreement with Eastman Kodak Company
Monday, 9 Feb 2015 01:00am EST 

FUNAI ELECTRIC CO LTD:Signed licence agreement with Eastman Kodak Company for brand Kodak.  Full Article

FUNAI ELECTRIC announces Koninklijke Philips changes damages claim amount of arbitration
Thursday, 25 Dec 2014 01:00am EST 

FUNAI ELECTRIC CO LTD:Announces Koninklijke Philips changes damages claim amount of arbitration to 189.6 million euros on Dec. 24.  Full Article

BRIEF-Elecom to buy stake in DX ANTENNA CO., LTD. from Funai Electric Co Ltd

* Says the co entered into agreement with Funai Electric Co Ltd to buy stake in its unit DX ANTENNA CO., LTD.