Edition:
United States

Matsuo Electric Co Ltd (6969.T)

6969.T on Tokyo Stock Exchange

63JPY
2:00am EDT
Change (% chg)

¥1 (+1.61%)
Prev Close
¥62
Open
¥62
Day's High
¥63
Day's Low
¥62
Volume
75,000
Avg. Vol
683,079
52-wk High
¥150
52-wk Low
¥45

Latest Key Developments (Source: Significant Developments)

Matsuo Electric completes sale of Osaka-based property
Friday, 14 Oct 2016 12:36am EDT 

Matsuo Electric Co Ltd <6969.T> :Says it completes sale of Osaka-based property at an undisclosed price, on Sept. 26.  Full Article

MATSUO ELECTRIC expects extraordinary loss for Q4 of FY 2016
Thursday, 28 Apr 2016 01:30am EDT 

MATSUO ELECTRIC CO LTD:Expects an extraordinary loss of 391 mln yen in total for Q4 of FY ended March 2016.Says the loss is recorded for impairment loss on fixed assets, retirement of inventories and attorneys’ fees for lawsuit concerning a suspected violation of antimonopoly Law.  Full Article

MATSUO ELECTRIC amends consolidated full-year outlook for FY 2016
Thursday, 28 Apr 2016 01:30am EDT 

MATSUO ELECTRIC CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 4,684 mln yen from 4,700 mln yen for FY ended March 2016.Sees a decrease of operating profit forecast to -310 mln yen from -300 mln yen.Affirmed ordinary profit forecast at -300 mln yen.Sees a decrease of net profit forecast to -1,597 mln yen from -1,500 mln yen.Sees a decrease of earnings per share to -62.12 yen from -58.33 yen.Comments losses on retirement of inventories is the main reason for the forecast.  Full Article

MATSUO ELECTRIC amends consolidated full-year outlook for FY 2016
Tuesday, 29 Mar 2016 02:10am EDT 

MATSUO ELECTRIC CO LTD:Says the company amended the consolidated full-year outlook for the FY ending March 2016.Confirmed the revenue at 4,700 million yen.Confirmed the operating profit forecast at a loss of 300 million yen.Confirmed the ordinary profit forecast at a loss of 300 million yen.Net profit forecast lowered to a loss of 1,500 million yen from a loss of 1,000 million yen.Earnings per share lowered to a loss of 58.33 yen from a loss of 38.88 yen.Comments that extraordinary loss on surcharge order is the main reason for the forecast.  Full Article

MATSUO ELECTRIC receives cease-and-desist order and surcharge order
Tuesday, 29 Mar 2016 02:10am EDT 

MATSUO ELECTRIC CO LTD:Received cease-and-desist order and surcharge order from Japan Fair Trade Commission on March 29, due to violation of antimonopoly law.Says it was required to stop the misconducts.Says it was also required to pay surcharge of 427.65 million yen by Oct. 31.  Full Article

MATSUO ELECTRIC lowers consolidated full-year outlook for FY 2016
Wednesday, 10 Feb 2016 02:00am EST 

MATSUO ELECTRIC CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 4,700 mln yen from 5,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to -300 mln yen from -130 mln yen.Sees a decrease of ordinary profit forecast to -300 mln yen from -130 mln yen.Sees a decrease of net profit forecast to -1,000 mln yen from -550 mln yen.Sees a decrease of earnings per share to -38.88 yen from -21.39 yen.Says market condition and Antimonopoly Law related loss as main reason for the forecast.  Full Article

MATSUO ELECTRIC to retire treasury shares
Wednesday, 10 Feb 2016 02:00am EST 

MATSUO ELECTRIC CO LTD:To retire 500,000 shares (1.91 pct of outstanding) of its common stock on Feb. 23.Says the total shares outstanding 25,720,000 shares after the retirement.  Full Article

MATSUO ELECTRIC expects extraordinary loss for Q3 of FY 2016
Thursday, 4 Feb 2016 09:00pm EST 

MATSUO ELECTRIC CO LTD:Says it expects an extraordinary loss of 234 million yen recorded as Antimonopoly Law related lawsuit costs, for Q3 of the fiscal year ending March 2016.  Full Article

MATSUO ELECTRIC receives penalty order
Thursday, 24 Dec 2015 02:00am EST 

MATSUO ELECTRIC CO LTD:Be imposed fine of T$24,300,000 by The Fair Trade Commission, due to its violation of Fair Trading Act.  Full Article

MATSUO ELECTRIC receives statement of objections from Statement of Objections
Thursday, 12 Nov 2015 01:40am EST 

MATSUO ELECTRIC CO LTD:Received statement of objections from Statement of Objections on Nov. 9, regarding the suspicion of violation of the European competition law in sale of aluminum electrolytic capacitor and tantalum electrolytic capacitors.  Full Article

More From Around the Web

Matsuo Electric, executive to plead guilty to price fixing in U.S.

WASHINGTON Matsuo Electric Co Ltd and one executive have agreed to plead guilty to fixing prices and rigging bids for electrolytic capacitors, which regulate current in a broad range of electronics, the U.S. Justice Department said on Wednesday.