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Key Developments: Nippon Avionics Co Ltd (6946.T)

6946.T on Tokyo Stock Exchange

2 May 2016
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Latest Key Developments (Source: Significant Developments)

Nippon Avionics lowers consolidated full-year outlook and expects extraordinary losses for FY 2015
Friday, 10 Apr 2015 03:00am EDT 

Nippon Avionics Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 25,500 million yen from 27,000 million yen for FY ended March 2015.Sees a decrease of operating profit forecast to 450 million yen from 550 million yen.Sees ordinary profit forecast at 400 million yen.Sees a decrease of net profit forecast to - 450 million yen from 300 million yen.Sees a decrease of earnings per share to - 15.93 yen from 10.62 yen.Comments the sales decrease and foreign exchange gain and extraordinary losses are the main reasons for the forecast.Expects extraordinary loss of about 260 mln yen as maintenance and repairing loss for FY 2015.Expects extraordinary loss of about 40 mln yen as loss from transaction of instrumentation business for FY 2015.  Full Article

Nippon Avionics Co Ltd to merge with subsidiary
Monday, 22 Dec 2014 03:00am EST 

Nippon Avionics Co Ltd:To merge with a Tokyo-based wholly owned subsidiary, which is engaged in production and sale of ultrasound and high frequency application equipment on April 1, 2015.The subsidiary will dissolve and the company will remain after merger.  Full Article

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