Key Developments: F.C.C. Co Ltd (7296.T)

7296.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

F.C.C Co Ltd announces resignation of chairman Sumita
Monday, 24 Feb 2014 01:30am EST 

F.C.C Co Ltd:Says Shiro Sumita will resign from chairman of the board, effective late June.  Full Article

F.C.C Co Ltd's subsidiary receives order from Changan Ford Automobile
Monday, 24 Feb 2014 01:30am EST 

F.C.C Co Ltd:Says its China-based subsidiary has received an order from Changan Ford Automobile Co., Ltd. for clutch assemblies, disc and plate for FF6AT, and will start production in May.Transaction price was not disclosed.  Full Article

F.C.C Co Ltd's Subsidiary Receives Orders
Thursday, 22 Aug 2013 02:00am EDT 

F.C.C Co Ltd announced that its subsidiary, FCC(North America),INC. has received orders for assemblies and friction plates for automatic car clutch.  Full Article

F.C.C Co Ltd Raises Mid-year and Full-year Consolidated Outlook for FY 2014
Friday, 26 Jul 2013 02:00am EDT 

F.C.C Co Ltd announced that it has raised its mid-year consolidated outlook for revenue from JPY 68,000 million to JPY 71,000 million, operating profit from JPY 5,300 million to JPY 5,600 million, ordinary profit from JPY 5,500 million to JPY 6,300 million, net profit from JPY 4,600 million to JPY 6,600 million, and earnings per share from JPY 91.65 to JPY 131.50, for the fiscal year ending March 31, 2014. The Company also has raised its full-year consolidated outlook for revenue from JPY 140,000 million to JPY 144,000 million, operating profit from JPY 12,500 million to JPY 13,000 million, ordinary profit from JPY 13,000 million to JPY 14,000 million, net profit from JPY 9,200 million to JPY 11,300 million, and earnings per share from JPY 183.31 to JPY 225.15, for the same fiscal year. This is mainly due to the depreciation of yen and accounting of transfer price adjustment of subsidiary. 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 149,000 million, operating profit of JPY 14,590 million and net profit of JPY 10,050 million, for the same fiscal year.  Full Article

F.C.C Co Ltd Amends Consolidated Mid-year and Full-year Outlook for FY 2014
Wednesday, 15 May 2013 02:30am EDT 

F.C.C Co Ltd announced that it has reaffirmed the mid-year forecast for revenue at JPY 68,000 million, operating profit at JPY 5,300 million and ordinary profit at JPY 5,500 million, and has raised the mid-year outlook for net profit from JPY 3,400 million to JPY 4,600 million and earning per share from JPY 67.74 to JPY 91.65 for the fiscal year ending March 31, 2014. The Company has also reaffirmed the full-year forecast for revenue at JPY 140,000 million, operating profit at JPY 12,500 million and ordinary profit at JPY 13,000 million, and has raised the full-year outlook for net profit from JPY 8,000million to JPY 9,200 million and earning per share from JPY 159.40 to JPY 183.31 for the fiscal year ending March 31, 2014. The positive outlook for net profit and earning per share is mainly due to gain on tax refund.  Full Article

F.C.C Co Ltd Appoints Chairman and President
Friday, 22 Feb 2013 01:00am EST 

F.C.C Co Ltd announced that it has appointed Shiro Sumita to replace Yoshihide Yamamoto as Chairman, and has appointed Toshimichi Matsuda to replace Shiro Sumita as President of the Company, effective late June 2013.  Full Article

F.C.C Co Ltd Announces Completion of Liquidation of Subsidiary
Monday, 24 Dec 2012 09:00pm EST 

F.C.C Co Ltd announced that it has completed the liquidation if its United Kingdom-based subsidiary, FCC(EUROPE)LTD., which engaged in the manufacturing and sale of clutch for two wheeled vehicle and automobile, effective December 24, 2012.  Full Article

F.C.C Co Ltd to Establish Joint Venture in Korea
Wednesday, 12 Dec 2012 12:00am EST 

F.C.C Co Ltd announced that it has decided to establish a Korea-based joint venture FCC SEOJIN CO.,LTD., which will be engaged in the manufacturing and sale of clutch products for automobiles use, with a korea-based company SEOJIN AUTOMOTIVE CO.,LTD., in the end of January 2013. The joint venture will be capitalized at KRW 200 million.  Full Article

F.C.C Co Ltd Announces Merger between Sub-subsidiaries
Thursday, 22 Nov 2012 01:00am EST 

F.C.C Co Ltd announced that it has decided to merge two of its sub-subsidiaries, FCC(INDIANA)Mfg.,LLC. and FCC(INDIANA),INC., effective January 1, 2013. After this, FCC(INDIANA)Mfg.,LLC. will be the surviving company and will change name to FCC(INDIANA),LLC. And FCC(INDIANA),INC. will be dissolved.  Full Article

F.C.C. Co., Ltd. to Establish New Wholly Owned Subsidiary
Monday, 25 Jun 2012 02:00am EDT 

F.C.C. Co., Ltd. announced that it will establish a new wholly owned subsidiary, F.C.C.(China) Investment Co., Ltd., which will be engaged in the investment management in Sichuan, China, in September 2012. F.C.C.(China) Investment will be capitalized at USD 30,000,000.  Full Article

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