Key Developments: Mitsuba Corp (7280.T)

7280.T on Tokyo Stock Exchange

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¥1,876
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Latest Key Developments (Source: Significant Developments)

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

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

MITSUBA Corp Amends Full-year Consolidated Outlook for FY 2014
Wednesday, 6 Nov 2013 01:00am EST 

MITSUBA Corp announced that it has raised its full-year consolidated outlook for revenue from JPY 240,000 million to JPY 265,000 million, operating profit from JPY 12,000 million to JPY 14,000 million, ordinary profit from JPY 13,000 million to JPY 16,000 million, and lowered its full-year consolidated outlook for net profit from JPY 8,000 million to JPY 4,500 million, and earnings per share from JPY 178.59 to JPY 100.50, for the fiscal year ending March 31, 2014. The Company raised its full-year consolidated outlook for revenue, operating profit, ordinary profit mainly due to the exchange rate change and cost reduction, and lowered its full-year consolidated outlook for net profit mainly due to the extraordinary loss caused by fine on violation of anti-monopoly law in the United States. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 255,000 million, operating profit of JPY 13,880 million and net profit of JPY 9,700 million, for the same fiscal year.  Full Article

MITSUBA Corp Announces Surcharge Payment to the United States Department of Justice; Announces Extraordinary Loss for Q2 of FY 2014
Thursday, 26 Sep 2013 07:30pm EDT 

MITSUBA Corp announced that it has made a plea bargaining agreement with the United States Department of Justice and will pay a surcharge of USD 135 million to the United States Department of Justice, due to the violation of the Unites States antitrust law in the trading of automotive electrical components by the Company. As a result, the Company will record a USD 13,275 million extraordinary loss on the making of the plea bargaining agreement, for the second quarter of the fiscal year ending March 2014.  Full Article

TATSUMI Corp to Establish Indonesia-based Joint Venture with MITSUBA Corp
Wednesday, 25 Sep 2013 06:45am EDT 

TATSUMI Corp announced that it will establish an Indonesia-based joint venture, PT. TATSUMI INDONESIA, which will e engaged in the manufacturing and sale of automobiles, motorcycle electrical components and brake components, with MITSUBA Corp, effective on October 25, 2013. The joint venture will be capitalized at USD 5,000,000, in which TATSUMI and MITSUBA Corp will each hold a 60% stake and 40% stake.  Full Article

R&I Affirms MITSUBA Corp's Rating at "BBB-"; Rating Outlook Stable
Wednesday, 4 Sep 2013 02:00am EDT 

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

MITSUBA Corp Raises Year-end Dividend Forecast for FY 2013
Wednesday, 24 Apr 2013 02:00am EDT 

MITSUBA Corp announced that it has raised the year-end dividend forecast from JPY 7 per share, disclosed on May 9, 2012 to JPY 8 per share, for the fiscal year ended March 31, 2013.  Full Article

MITSUBA Corp Raises Consolidated Full-year Outlook for FY 2013
Wednesday, 27 Mar 2013 02:00am EDT 

MITSUBA Corp announced that it has raised the consolidated full-year outlook for revenue from JPY 222,000 million to JPY 225,000 million, operating profit from JPY 7,700 million to JPY 8,500 million, ordinary profit from JPY 7,000 million to JPY 11,000 million, net profit from JPY 1,500 million to JPY 4,500 million and earning per share from JPY 33.49 to JPY 100.46 for the fiscal year ending March 31, 2013. The positive outlook is mainly due to good sales of automobile in North America.  Full Article

MITSUBA Corp Appoints New President
Monday, 25 Feb 2013 01:00am EST 

MITSUBA Corp announced that it has appointed Yuichi Nagase as the new President of the Company, effective June 2013. The Company‚Äôs current President Tsuneo Akuto will resign on April 1, 2013.  Full Article

MITSUBA Corp Amends Consolidated Full-year Outlook for FY Ending March 2013
Friday, 21 Dec 2012 03:00am EST 

MITSUBA Corp announced that it has raised its consolidated full-year outlook for revenue from JPY 220,000 million to JPY 222,000 million, but lowered its consolidated full-year outlook for operating profit from JPY 8,000 million to JPY 7,700 million, ordinary profit from JPY 8,000 million to JPY 7,000 million, net profit from JPY 3,000 million to JPY 1,500 million and earning per share from JPY 66.96 to JPY 33.48 for the fiscal year ending March 31, 2013. This is due to the increased sales of automobile in North America markets as well as the decreased sakes of automobile in China and North America markets. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 222.00 billion and net profit of JPY 3.79 billion.  Full Article

Shihlin Electric & Engineering Corp Announces Reorganization of Subsidiary; to Transfer Equity Shares to MITSUBA Corp
Sunday, 25 Nov 2012 07:19pm EST 

Shihlin Electric & Engineering Corp announced that it plans to divide its subsidiary, a Changzhou-based motor company (Subsidiary A), into two Changzhou-based motor companies, with one to be with the same name as Subsidiary A, and the other one to be wholly owned by Subsidiary A, for the expansion of the Company's business, effective June 30, 2013. After that, a 45% stake in the new subsidiary will be transferred to MITSUBA Corp.  Full Article

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