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Soshin Electric Co Ltd (6938.T)

6938.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Soshin Electric announces settlement with indirect purchasers
Friday, 14 Jul 2017 12:42am EDT 

July 14(Reuters) - Soshin Electric Co Ltd <6938.T>:Says it and U.S.-based unit Soshin Electronics of America Inc. reached a settlement with indirect purchasers who bought film capacitors .Says this lawsuit was filed in November 2014, in U.S..Says the company is required to pay $590,000.  Full Article

SOSHIN ELECTRIC chairman to resign
Thursday, 28 Apr 2016 12:40am EDT 

SOSHIN ELECTRIC CO LTD:Says Eiichi Tsuruta to resign as chairman.Planned effective June 24.  Full Article

SOSHIN ELECTRIC raises consolidated full-year revenue outlook for FY 2016
Friday, 15 Apr 2016 02:40am EDT 

SOSHIN ELECTRIC CO LTD:Says the company increased the consolidated full-year outlook for revenue to 10,770 mln yen from 10,700 mln yen, for the fiscal year ended March 31, 2016.Operating profit forecast increased to 25 mln yen from a loss of 100 mln yen.Ordinary profit forecast increased to 120 mln yen from 0 mln yen.Sees a decrease of net profit forecast to a loss of 790 mln yen from a loss of 370 mln yen.Sees a decrease of earnings per share to a loss of 50.64 yen from a loss of 23.72 yen.Says revenue outlook raised due to increased sales of information and communication equipments, net profit outlook lowered due to the extraordinary loss recorded.  Full Article

SOSHIN ELECTRIC revises consolidated full-year outlook for FY 2016
Friday, 29 Jan 2016 01:40am EST 

SOSHIN ELECTRIC CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 10,700 million yen from 11,100 million yen for FY ending March 2016.Operating profit forecast remained at -100 million yen.Ordinary profit forecast remained at 0 million yen.Net profit forecast decreased to -370 million yen from -120 million yen.Earnings per share decreased to -23.72 yen from -7.69 yen.FY 2015 revenues of billion yen, net income of billion yen – Thomson Reuters I/B/E/S.Comments the increased costs, decreased income and extraordinary loss are the main reasons for the forecast.  Full Article

SOSHIN ELECTRIC lowers consolidated mid-year outlook and year-end dividend forecast for FY 2016
Friday, 30 Oct 2015 02:40am EDT 

SOSHIN ELECTRIC CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 11,100 mln yen from 11,300 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to a loss of 100 mln yen from 200 mln yen.Sees a decrease of ordinary profit forecast to 0 mln yen from 280 mln yen.Sees a decrease of net profit forecast to a loss of 120 mln yen from 160 mln yen.Sees a decrease of earnings per share to a loss of 7.69 yen from 10.26 yen.Comments the sluggish in China market and yen devaluation are the main reasons for the forecast.Says it lowered the year-end dividend forecast to 2 yen per share from 4 yen per share for the fiscal year ending March 2016.  Full Article