Key Developments: Satori Electric Co Ltd (7420.T)

7420.T on Tokyo Stock Exchange

772JPY
26 Dec 2014
Price Change (% chg)

¥6 (+0.78%)
Prev Close
¥766
Open
¥762
Day's High
¥775
Day's Low
¥757
Volume
68,100
Avg. Vol
66,895
52-wk High
¥793
52-wk Low
¥562

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Latest Key Developments (Source: Significant Developments)

SATORI ELECTRIC CO LTD raises consolidated full-year outlook for FY 2015
Thursday, 18 Dec 2014 01:00am EST 

SATORI ELECTRIC CO LTD:Says the company raised the consolidated mid-year outlook for revenue to 65,000 million yen from 63,000 million yen for the fiscal year ending May 31, 2015.Sees an increase of mid-year operating profit forecast to 740 million yen from 650 million yen.Sees an increase of mid-year ordinary profit forecast to 1,390 million yen from 650 million yen.Sees an increase of mid-year net profit forecast to 1,070 million yen from 500 million yen.Sees an increase of mid-year earnings per share to 63.10 yen from 29.49 yen.Says the company raised the consolidated full-year outlook for revenue to 132,000 million yen from 130,000 million yen for the fiscal year ending May 31, 2015.Reaffirmed the full-year operating profit forecast at 1,650 million yen.Sees an increase of full-year ordinary profit forecast to 2,100 million yen from 1,620 million yen.Sees an increase of full-year net profit forecast to 1,500 million yen from 1,230 million yen.Sees an increase of full-year earnings per share to 88.46 yen from 72.54 yen.Comments that increased sales of the memory component for mobile terminal use and electronic component, as well as the recording of foreign exchange profit are the main reasons for the forecast.  Full Article

SATORI ELECTRIC CO LTD to issue year-end dividend for FY 2014
Monday, 14 Jul 2014 02:10am EDT 

SATORI ELECTRIC CO LTD:To issue a year-end dividend of 14 yen per share to all the shareholders of record as of May 31, for the FY ended May 2014.Payment date Aug. 4.Says the dividend amount is above the latest forecast of 10 yen per share disclosed on July 12, 2013.  Full Article

SATORI ELECTRIC CO LTD revises consolidated mid-year forecast for FY 2014
Thursday, 9 Jan 2014 01:00am EST 

SATORI ELECTRIC CO LTD:Sees revenue of 64,977 million yen for the fiscal year ending May 2014, compared to the previous forecast of 66,000 million yen.Sees operating profit of 812 million yen, compared to the previous forecast of 500 million yen.Sees ordinary profit of 826 million yen, compared to the previous forecast of 500 million yen.Sees net profit of 809 million yen, compared to the previous forecast of 450 million yen.Sees earning per share of 47.75 yen, compared to the previous forecast of 26.54 yen.Says this is due to decreased sales and improved profit rate.  Full Article

SATORI ELECTRIC CO LTD Amends Consolidated Full-year Forecast for FY 2013
Tuesday, 2 Jul 2013 02:00am EDT 

SATORI ELECTRIC CO LTD announced that it has lowered the consolidated full-year forecast for revenue from JPY 130,000 million to JPY 129,900 million but raised the forecast for operating profit from JPY 400 million to JPY 520 million, ordinary profit from JPY 500 million to JPY 730 million, net profit (loss) from JPY (2,100 million) to JPY (1,860 million) and earning (loss) per share from JPY (123.84) to JPY (109.69) for the fiscal year ended May 31, 2013. The Company amended the consolidated full-year outlook due to improved efficiency of costs and profit on foreign exchange.  Full Article

R&I Cancels Rating on SATORI ELECTRIC CO LTD at “BBB-”
Friday, 14 Jun 2013 02:00am EDT 

Rating and Investment Information, Inc. (R&I) announced that it has canceled rating on SATORI ELECTRIC CO LTD at “BBB-”.  Full Article

SATORI ELECTRIC CO LTD Appoints Chairman of the Board, CEO and President
Friday, 12 Apr 2013 02:00am EDT 

SATORI ELECTRIC CO LTD announced that it has appointed Kazutoshi Ueda as Chairman of the Board, Chief Executive Officer (CEO) and Representative Director, Hiroyuki Satori as President, Chief Operating Officer and Representative Director, effective June 1, 2013.  Full Article

SATORI ELECTRIC CO LTD Expects Extraordinary Loss for Q3 of FY 2013; Amends Full-year Consolidated Outlook for FY 2013
Thursday, 4 Apr 2013 02:00am EDT 

SATORI ELECTRIC CO LTD announced that it expects the extraordinary loss of JPY 867 million caused by business restructuring cost including early retirement payment, for the third quarter of the fiscal year ending May 31, 2013. The Company also has reaffirmed its full-year consolidated outlook for revenue of JPY 130,000 million, operating profit of JPY 400 million, raised its full-year consolidated outlook for ordinary profit from JPY 400 million to JPY 500 million, and lowered its full-year consolidated outlook for net profit (loss) from JPY 150 million to JPY (2,100 million), and earnings (loss) per share from JPY 8.85 to JPY (123.84), for the fiscal year ending May 31, 2013. The Company raised its full-year consolidated outlook for ordinary profit mainly due to the depreciation of yen, and lowered its full-year consolidated outlook for net profit mainly due to the extraordinary loss caused by business restructuring cost and adjustment of corporate tax.  Full Article

SATORI ELECTRIC CO LTD Announces Result of Early Retirement Program; Expects Extraordinary Loss for FY 2013
Thursday, 4 Apr 2013 02:00am EDT 

SATORI ELECTRIC CO LTD announced the result of an early retirement program, which was offered during the period from March 1, 2013 to March 29, 2013. 81 of its employees took the offer and will retire on April 30, 2012. The employees will be offered retirement payment, additional benefits and outplacement support. As a result, the Company will record an extraordinary loss of JPY 834 million caused by retirement payment, for the fiscal year ending May 31, 2013.  Full Article

SATORI ELECTRIC CO LTD Announces Early-retirement Program
Thursday, 17 Jan 2013 09:30pm EST 

SATORI ELECTRIC CO LTD announced that it has decided to offer an early-retirement program during the period from March 1, 2013 to March 29, 2013.  Full Article

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