Key Developments: IHI Corp (7013.T)

7013.T on Tokyo Stock Exchange

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¥6 (+1.13%)
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¥531
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¥544
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Latest Key Developments (Source: Significant Developments)

R&I affirms Ihi Corp's rating at "BBB+" and announces positive outlook
Tuesday, 26 Aug 2014 02:08am EDT 

Ihi Corp:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB+".Rating outlook positive, changed from stable.  Full Article

Ihi Corp to issue year-end dividend for FY 2014
Friday, 23 May 2014 12:00am EDT 

Ihi Corp:To issue a year-end dividend of 6 yen per share to all the shareholders of record as of March 31, for the FY ended March 2014.Payment date June 30.Says the dividend amount is in line with the latest forecast disclosed on May 8.  Full Article

Ihi raises year-end dividend for FY 2014
Thursday, 8 May 2014 01:00am EDT 

Ihi Corp:Sees year-end dividend of 6 yen per share raised from 5 yen per share, for fiscal year ended March 2014.  Full Article

Ihi Corp to merge with subsidiary
Monday, 25 Nov 2013 02:00am EST 

Ihi Corp:Says to merge with its wholly owned subsidiary, IHI METALTECH CO., LTD., effective Jan.1, 2014.Says IHI METALTECH will be dissolved after the merger.Says IHI METALTECH is engaged in the manufacturing and sale of iron and nonmetal manufacturing and processing equipments.  Full Article

Ihi Corp Amends Consolidated Mid-year Outlook for FY 2014
Monday, 28 Oct 2013 02:00am EDT 

Ihi Corp announced that it has lowered consolidated mid-year outlook for revenue from JPY 560,000 million to JPY 546,300 million, and raised the outlook for operating profit from JPY 13,000 million to JPY 19,700 million, ordinary profit from JPY 12,000 million to JPY 23,300 million, net profit from JPY 5,000 million to JPY 12,700 million, earnings per share from JPY 3.42 to JPY 8.72 for the fiscal year ending March 2014. The positive profit outlook is mainly due to gain on increased exchange rate.  Full Article

JCR Affirms Rating on Ihi Corp AT "A-"; Rating Outlook Stable-Reuters
Wednesday, 18 Sep 2013 08:00pm EDT 

Reuters reported that Reuters reported that Japan Credit Rating Agency, Ltd. (JCR) has affirmed the rating on Ihi Corp at "A-". The rating outlook is stable.  Full Article

R&I Affirms Rating on Ihi Corp at "BBB+"; Rating Outlook Stable
Monday, 26 Aug 2013 02:00am EDT 

Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Ihi Corp at "BBB+". The rating outlook is stable.  Full Article

Hyundai Wia to Set up Joint Venture with Ihi Corp- Yonhap News Agency
Thursday, 8 Aug 2013 08:00pm EDT 

Yonhap News Agency reported that Hyundai Wia has broken ground for a joint venture with Ihi Corp. The joint venture, Hyundai Wia IHI Turbo Co. Ltd, is scheduled to produce 250,000 units of turbocharger at its plant in Seosan, about 150 kilometers southwest of Seoul, beginning in 2015, Hyundai Wia officials said. Hyundai Wia said it has a 51 percent stake in the joint venture, while Ihi holds the rest. The contract is set to expire in 2024.  Full Article

Ihi Corp to Start Nuclear Power Plant Decontamination Business- Kyodo News
Tuesday, 6 Aug 2013 04:39pm EDT 

Kyodo News reported that Ihi Corp announced that it has acquired a U.S. company with know-how in nuclear decontamination and demolishing nuclear power plants as more plants in Japan, Europe and the United States are expected to be decommissioned. Ihi, which bought the Idaho-based Nitrocision LLC for an undisclosed sum, said it aims for JPY 15 billion in total sales by 2023.  Full Article

Ihi Corp Amends Mid-year and Full-year Consolidated Outlook for FY 2014
Tuesday, 6 Aug 2013 01:00am EDT 

Ihi Corp announced that it has raised its mid-year consolidated outlook for revenue from JPY 550,000 million to JPY 560,000 million, operating profit from JPY 8,000 million to JPY 13,000 million, ordinary profit from JPY 5,000 million to JPY 12,000 million, net profit from JPY 1,000 million to JPY 5,000 million, and earnings per share from JPY 0.68 to JPY 3.42, for the fiscal year ending March 31, 2014. The Company also has reaffirmed its full-year consolidated outlook for revenue of JPY 1,310,000 million, operating profit of JPY 48,000 million, ordinary profit of JPY 37,000 million, and raised its full-year consolidated outlook for net profit from JPY 18,000 million to JPY 23,000 million, and earnings per share from JPY 12.30 to JPY 15.72, for the same fiscal year. This is due to the increase in revenue from aerospace engine repair parts, increase in investment income and extraordinary profit caused by business integration from subsidiary.  Full Article

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General Electric picks partners for GE9X engine on Boeing 777X

- General Electric Co said on Thursday it picked France's Safran SA , Japan's IHI Corp and Germany's MTU Aero Engines AG to work on the GE9X engine that will power Boeing Co's new 777X aircraft.

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