Key Developments: Stanley Electric Co Ltd (6923.T)

6923.T on Tokyo Stock Exchange

2,356JPY
18 Apr 2014
Price Change (% chg)

¥39 (+1.68%)
Prev Close
¥2,317
Open
¥2,333
Day's High
¥2,366
Day's Low
¥2,320
Volume
337,000
Avg. Vol
547,729
52-wk High
¥2,605
52-wk Low
¥1,674

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Latest Key Developments (Source: Significant Developments)

R&I affirms rating on Stanley Electric Co Ltd at “A+” and rating outlook stable
Tuesday, 24 Dec 2013 01:00am EST 

Stanley Electric Co Ltd:Rating and Investment Information, Inc. (R&I) affirmed the rating on Stanley Electric Co Ltd at “A+”.Rating outlook is stable.  Full Article

Stanley Electric Co Ltd reaches plea agreement with U.S. Department of Justice
Wednesday, 27 Nov 2013 08:00pm EST 

Stanley Electric Co Ltd:Says entered into a plea agreement with the United States Department of Justice * Says agreed to pay a fine of $1.44 million based on charges that it violated U.S. anti-trust laws in connection with sales of automotive lamp ballast.  Full Article

Stanley Electric Co Ltd Raises Consolidated Full-year Forecast for FY 2014
Monday, 28 Oct 2013 02:00am EDT 

Stanley Electric Co Ltd announced that it has raised the consolidated full-year forecast for revenue from JPY 302,000 million to JPY 316,000 million, operating profit from JPY 35,500 million to JPY 37,000 million, ordinary profit from JPY 37,800 million to JPY 40,500 million, net profit from JPY 22,200 million to JPY 24,500 million and earning per share from JPY 130.97 to JPY 145.02 for the fiscal year ending March 31, 2014. The Company raised the consolidated full-year forecast due to increased orders. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 313.8 billion and net profit of JPY 25.05 billion for the fiscal year ending March 2014.  Full Article

Stanley Electric Co Ltd Announces Treasury Stock Retirement
Friday, 20 Sep 2013 02:00am EDT 

Stanley Electric Co Ltd announced that it will retire 600,000 shares (a 0.34% stake) of its treasury stock on October 4, 2013. After the retirement, the total of its shares outstanding will be 178,400,000 shares.  Full Article

Stanley Electric Co Ltd Establishes New Company
Monday, 26 Aug 2013 02:00am EDT 

Stanley Electric Co Ltd announced that it has established a new company in Shenzhen, China, which will be engaged in the sale of products and procurement of materials, in July 2013.  Full Article

Stanley Electric Co Ltd Raises Mid-year Consolidated Outlook for FY 2014
Friday, 26 Jul 2013 02:00am EDT 

Stanley Electric Co Ltd announced that it has raised its mid-year consolidated outlook for revenue from JPY 144,000 million to JPY 150,000 million, operating profit from JPY 16,200 million to JPY 17,000 million, ordinary profit from JPY 17,100 million to JPY 18,000 million, net profit from JPY 10,500 million to JPY 10,900 million, and earnings per share from JPY 61.97 to JPY 64.31, for the fiscal year ending March 2014. The Company raised its mid-year consolidated outlook mainly due to the increase in orders for automobile products and depreciation of yen.  Full Article

Stanley Electric Co Ltd Establishes New Subsidiary in Mexico
Sunday, 14 Apr 2013 11:00pm EDT 

Stanley Electric Co Ltd announced that it has established a new subsidiary Stanley Electric Mexico S.A. de C.V. in Mexico, which is engaged in sale, export and import of automobile lighting fixtures and electronic parts, in April 2013. The Company holds a 90% stake in the subsidiary and Stanley Electric Holding of America,Inc. holds a 10% stake in the subsidiary.  Full Article

Stanley Electric Co Ltd Receives Cease-and-desist Order and Surcharge Order from Japan Fair Trade Commission
Friday, 22 Mar 2013 02:30am EDT 

Stanley Electric Co Ltd announced that it has received cease-and-desist order and surcharge order from Japan Fair Trade Commission on March 22, 2013, for its violation of antitrust law.  Full Article

Stanley Electric Co Ltd Announced Consolidated Full-year Outlook for FY 2013
Wednesday, 30 Jan 2013 01:00am EST 

Stanley Electric Co Ltd announced its consolidated full-year outlook for revenue of JPY 257,000 million, operating profit of JPY 27,500 million, ordinary profit of JPY 29,500 million, net profit of JPY 17,000 million and earning per share of JPY 100.18, for the fiscal year ending March 2013.  Full Article

R&I Affirms Stanley Electric Co Ltd's Rating at "A+"; Rating Outlook Stable
Wednesday, 26 Dec 2012 01:01am EST 

Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Stanley Electric Co Ltd at "A+". The rating outlook is stable.  Full Article

Stanley Electric to pay $1.44 million fine for U.S. price-fixing

WASHINGTON - Japan's Stanley Electric Co Ltd has agreed to pay a $1.44 million criminal fine and plead guilty to a charge that it conspired to fix the prices of certain auto parts, the U.S. Justice Department said on Wednesday.

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