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Mitsui Engineering & Shipbuilding Co Ltd (7003.T)

7003.T on Tokyo Stock Exchange

155JPY
26 May 2017
Change (% chg)

¥-1 (-0.64%)
Prev Close
¥156
Open
¥156
Day's High
¥157
Day's Low
¥155
Volume
2,869,000
Avg. Vol
6,064,348
52-wk High
¥192
52-wk Low
¥131

Latest Key Developments (Source: Significant Developments)

Mitsui Engineering & Shipbuilding says transition to holding company structure and name change
Monday, 22 May 2017 02:35am EDT 

May 22 (Reuters) - Mitsui Engineering & Shipbuilding Co Ltd <7003.T>:* Says it will restructure the company into a holding company, effective April 1, 2018.* Says it sets up three split preparatory companies on May 22, to take over ship and military vessel business, equipment and system business, engineering business respectively .* Says it will change name to Mitsui E&S Holdings Co., Ltd. on April 1, 2018.  Full Article

Mitsui Engineering & Shipbuilding plans transition to holding company structure
Thursday, 30 Mar 2017 02:02am EDT 

Mitsui Engineering & Shipbuilding Co Ltd <7003.T> : Says it plans to transfer its shipping business, machinery business and engineering business to unit and restructure itself into a holding company, effective April 1 .Further details remain to be determined.  Full Article

Mitsui Engineering & Shipbuilding says outcome of ToB for shares in Kaji Technology Corp
Thursday, 9 Mar 2017 10:16pm EST 

Mitsui Engineering & Shipbuilding Co Ltd <7003.T> : Says 5.4 million shares of Kaji Technology Corp <6391.T> were offered in a takeover bid by the company from Jan. 27 to March 9, and co will buy about 3.1 million shares (18.69 percent stake) as planned . Acquisition price at 364 yen per share, for 1.13 billion yen in total . Settlement date starts from March 16 .Co will own 51 percent stake in Kaji Technology up from 32.31 percent.  Full Article

Mitsui Engineering & Shipbuilding to sell three properties
Thursday, 26 Jan 2017 02:20am EST 

Mitsui Engineering & Shipbuilding Co Ltd <7003.T> :Says it plans to sell three properties(warehouses) located in Osaka, at an undisclosed price.  Full Article

Ocean Power Technologies says completes lease stage gate review, significant product performance validation milestones
Tuesday, 4 Oct 2016 09:25am EDT 

Ocean Power Technologies : Ocean power technologies announces successful completion of its lease stage gate review and significant product performance validation milestones .Completion of pre-requisite stage gate review with mitsui engineering and shipbuilding to start pb3 shipment to japan.  Full Article

Mitsui Engineering & Shipbuilding to sell properties
Thursday, 25 Feb 2016 01:00am EST 

Mitsui Engineering & Shipbuilding Co Ltd:To sell two Tokyo-based properties for an undisclosed price on Sep. 30.  Full Article

Mitsui Engineering & Shipbuilding lowers consolidated full-year outlook for FY 2016
Wednesday, 3 Feb 2016 01:00am EST 

Mitsui Engineering & Shipbuilding Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 810,000 mln yen from 830,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 12,000 mln yen from 18,000 mln yen.Sees a decrease of ordinary profit forecast to 15,000 mln yen from 22,000 mln yen.Sees a decrease of net profit forecast to 6,000 mln yen from 13,000 mln yen.Sees a decrease of earnings per share to 7.42 yen from 16.08 yen.Comments the decreased sales in core business as the main reason for the forecast.  Full Article

Mitsui Engineering & Shipbuilding lowers consolidated mid-year and full-year outlook for FY 2016; revises year-end dividend for FY 2016
Thursday, 29 Oct 2015 02:00am EDT 

Mitsui Engineering & Shipbuilding Co Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 380,000 million yen from 390,000 million yen for the fiscal year ending March 31, 2016.Sees a decrease of mid-year operating profit forecast to a loss of 900 million yen from 1,000 million yen.Sees a decrease of mid-year ordinary profit forecast to 2,400 million yen from 4,000 million yen.Sees a decrease of mid-year net profit forecast to a loss of 1,100 million yen from 500 million yen.Sees a decrease of mid-year earnings per share to a loss of 1.36 yen from 0.62 yen.Says the company reaffirmed the consolidated full-year outlook for revenue as 830,000 million yen for the fiscal year ending March 31, 2016.Sees a decrease of full-year operating profit forecast to 18,000 million yen from 22,000 million yen.Sees a decrease of full-year ordinary profit forecast to 22,000 million yen from 25,000 million yen.Reaffirms full-year net profit forecast as 13,000 million yen.Reaffirms full-year earnings per share as 16.08 yen.Comments that decreased sales of ocean shipping segment, as well as increased sales and administration expenses are the main reasons for the forecast.FY 2016 revenues of 821.58 billion yen, net profit of 14.40 billion yen – Thomson Reuters I/B/E/S.Revises year-end dividend outlook to 4 yen per share, from 3-4 yen per share, for the same fiscal year.  Full Article

Mitsui Engineering & Shipbuilding to acquire shares of TGE Marine AG
Monday, 28 Sep 2015 03:00am EDT 

Mitsui Engineering & Shipbuilding Co Ltd:To acquire 1,209,489 shares (99.36 pct stake) of TGE Marine AG at 169 million euros in total from Caledonia Investments plc, Gasfin Investment S.A. and individual Kuver GbR on Oct. 1.  Full Article

Mitsui Engineering & Shipbuilding amends consolidated mid-year outlook for FY 2016
Friday, 31 Jul 2015 03:00am EDT 

Mitsui Engineering & Shipbuilding Co Ltd:Says the company increased the consolidated mid-year outlook for revenue to 390,000 mln yen from 390,000 mln yen, for the fiscal year ending March 2016.Sees a decrease of operating profit forecast to 1,000 mln yen from 7,000 mln yen.Sees a decrease of ordinary profit forecast to 4,000 mln yen from 7,000 mln yen.Sees a decrease of net profit forecast to 500 mln yen from 3,000 mln yen.Sees a decrease of earnings per share to 0.62 yen from 3.69 yen.Says the profit outlook raised due to provision for losses on construction work in subsidiary.  Full Article

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