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Nippon Chemi-Con Corp (6997.T)

6997.T on Tokyo Stock Exchange

455JPY
21 Jul 2017
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¥138

Latest Key Developments (Source: Significant Developments)

Nippon Chemi-Con announces merger between units
Monday, 6 Feb 2017 01:00am EST 

Nippon Chemi-Con Corp <6997.T>: Says two Fukushima-based electronic equipment units to be merged into one . Says two Yamagata-based electronic equipment units to be merged into one .Says effective on April 1.  Full Article

R&I affirms Nippon Chemi-Con's rating at "BBB+" and announces negative outlook – R&I
Thursday, 22 Dec 2016 01:30am EST 

Nippon Chemi-Con Corp <6997.T>: Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB+" – R&I .Rating outlook negative – R&I.  Full Article

Nippon Chemi-Con dissolves unit Chemi-Con Material Logistics
Tuesday, 4 Oct 2016 03:15am EDT 

Nippon Chemi-Con <6997.T>:Says it dissolves its wholly owned subsidiary Chemi-Con Material Logistics on Oct. 4.  Full Article

Nippon Chemi-Con receives cease-and-desist order and surcharge order
Tuesday, 29 Mar 2016 03:00am EDT 

Nippon Chemi-Con Corp:Received cease-and-desist order and surcharge order from Japan Fair Trade Commission on March 29, due to violation of antitrust law.Says it was required to stop the misconducts.Says it was also required to pay surcharge of 1,435,240,000 yen by Oct. 31.  Full Article

Nippon Chemi-Con expects extraordinary loss for Q3 2016 and lowers consolidated full-year outlook for FY 2016
Monday, 1 Feb 2016 01:00am EST 

Nippon Chemi-Con Corp:Expects to record 722 million yen sanction payment as extraordinary loss for the third quarter of the fiscal year ending March 2016.Says the company lowered the consolidated full-year outlook for revenue to 117,000 million yen from 120,000 million yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 2,200 million yen from 4,000 million yen.Sees a decrease of ordinary profit forecast to 2,000 million yen from 3,800 million yen.Sees a decrease of net profit forecast to a loss of 7,000 million yen from 3,000 million yen.Sees a decrease of earnings per share to a loss of 42.96 yen from 18.41 yen.FY 2016 revenues of 120.94 billion yen, net profit of 3.32 billion yen – Thomson Reuters I/B/E/S.Comments that the decreased sales of household appliances and industrial machinery business is the main reason for the forecast.  Full Article

Nippon Chemi-Con and subsidiaries receive penalty order
Tuesday, 22 Dec 2015 03:20am EST 

Nippon Chemi-Con Corp:Be imposed fine of T$1,307,810,000 by Fair Trade Commission, due to its violation of Competition Law.A Taiwan-based subsidiary be imposed fine of T$205,660,000 by Fair Trade Commission, due to its violation of Competition Law.A Hong Kong-based subsidiary named Hong Kong Chemi-Con Ltd be imposed fine of T$58,030,000 by Fair Trade Commission, due to its violation of Competition Law.  Full Article

R&I affirms Nippon Chemi-Con's rating at "BBB+" and announces stable outlook
Monday, 21 Dec 2015 01:00am EST 

Nippon Chemi-Con Corp:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB+".Rating outlook stable.  Full Article

Nippon Chemi-Con receives statement of objections from European Commission
Thursday, 5 Nov 2015 02:30am EST 

Nippon Chemi-Con Corp:Receives statement of objections from European Commission regarding the suspicion of violation of European competition law, on Nov. 4 (Brussels local time).  Full Article

Nippon Chemi-Con lowers consolidated full-year outlook for FY 2016
Monday, 2 Nov 2015 01:00am EST 

Nippon Chemi-Con Corp:Says the company lowered the consolidated full-year outlook for revenue to 120,000 million yen from 125,000 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to 4,000 million yen from 6,200 million yen.Sees a decrease of ordinary profit forecast to 3,800 million yen from 6,400 million yen.Sees a decrease of net profit attributable to parent company's shareholders forecast to 3,000 million yen from 5,400 million yen.Sees a decrease of earnings per share to 18.41 yen from 33.14 yen.Comments the sales decrease and foreign exchange loss are the main reasons for the forecast.  Full Article

Nippon Chemi-Con announces reorganization of overseas subsidiaries
Monday, 2 Nov 2015 01:00am EST 

Nippon Chemi-Con Corp:To set up a new subsidiary Chemi-Con Americas Holdings Inc in Feb. 2016, and to transfer two U.S.-based subsidiaries to the new subsidiary.To set up a new subsidiary in Hong Kong and transfer five companies to the new subsidiary in March 2016.To merge two subsidiaries based in Taiwan, into one subsidiary, effective March 31, 2016.  Full Article