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Okaya Electric Industries Co Ltd (6926.T)

6926.T on Tokyo Stock Exchange

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18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

OKAYA ELECTRIC INDUSTRIES and unit reach settlement on lawsuit in US; the co expects extraordinary loss for FY 2016
Friday, 15 Apr 2016 03:40am EDT 

OKAYA ELECTRIC INDUSTRIES CO LTD:Says the co and its U.S.-based unit OKAYA ELECTRIC AMERICA, INC. reach settlement with direct and indirect purchasers (plaintiffs) and was ordered to pay $4.55 million as settlement payment.Says it expects an extraordinary loss of 517 million yen recorded as loss of lawsuit settlement for the fiscal year ended March 2016.  Full Article

OKAYA ELECTRIC INDUSTRIES announces change of president and chairman
Thursday, 10 Mar 2016 01:00am EST 

OKAYA ELECTRIC INDUSTRIES CO LTD:Appoints Hisayoshi Yamagishi who is current president of the co, as new chairman of the board.Appoints Naoto Yamada as new president to replace Hisayoshi Yamagishi.Changes effective April 1.  Full Article

OKAYA ELECTRIC INDUSTRIES lowers consolidated full-year outlook for FY 2016
Friday, 13 Nov 2015 01:00am EST 

OKAYA ELECTRIC INDUSTRIES CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 12,600 million yen from 14,300 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to 160 million yen from 650 million yen.Sees a decrease of ordinary profit forecast to 80 million yen from 550 million yen.Sees a decrease of net profit attributable to parent company's shareholders forecast to -250 million yen from 210 million yen.Sees a decrease of earnings per share to -11.18 yen from 9.40 yen.Comments the attorneys’ fees as the main reason for the forecast.  Full Article

OKAYA ELECTRIC INDUSTRIES expects extraordinary loss for Q2 of FY 2016; lowers consolidated mid-year outlook for FY 2016
Thursday, 17 Sep 2015 02:00am EDT 

OKAYA ELECTRIC INDUSTRIES CO LTD:Says it expects an extraordinary loss of 229 million yen recorded as litigation cost, 47 mln yen recorded as impairment loss for Q2 of the fiscal year ending March 2016.Says the company lowered the consolidated mid-year outlook for revenue to 6,300 mln yen from 7,200 mln yen for the fiscal year ending March 2016.Sees a decrease of operating profit forecast to 60 mln yen from 300 mln yen.Sees a decrease of ordinary profit forecast to 30 mln yen from 250 mln yen.Sees a decrease of net profit forecast to a loss of 200 mln yen from 20 mln yen.Sees a decrease of earnings per share to a loss of 8.95 yen from 0.89 yen.  Full Article