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Satori Electric Co Ltd (7420.T)

7420.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Innotech to sell HDD sales business to Satori Electric Co Ltd
Thursday, 11 May 2017 02:08am EDT 

May 11 (Reuters) - Innotech Corp <9880.T>: :* Says it will sell the hard disk drive (HDD) sales related business to Satori Electric Co Ltd <7420.T>.* Effective date July 1.  Full Article

SATORI ELECTRIC's CEO change
Tuesday, 17 May 2016 02:15am EDT 

SATORI ELECTRIC Co Ltd <7420.T> : Says it appoints Hiroyuki Satori who is current president and COO as new president and chief executive officer (CEO) to succeed Kuzutitoshi Ueda who is currnet chairman of the board and CEO .Says changes to occur on June 1.  Full Article

SATORI ELECTRIC lowers consolidated full-year outlook for FY 2016
Friday, 18 Dec 2015 03:40am EST 

SATORI ELECTRIC CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 120,000 million yen from 128,000 million yen for FY ending May 2016.Sees a decrease of operating profit forecast to 950 million yen from 2,050 million yen.Sees a decrease of ordinary profit forecast to 950 million yen from 2,100 million yen.Sees a decrease of net profit attributable to parent company's shareholders forecast to 500 million yen from 1,530 million yen.Sees a decrease of earnings per share to 29.49 yen from 90.23 yen.Comments the overseas sales decrease is the main reason for the forecast.  Full Article

SATORI ELECTRIC to issue mid-year dividend for FY 2016
Friday, 18 Dec 2015 03:40am EST 

SATORI ELECTRIC CO LTD:To issue a mid-year dividend of 16 yen per share to all the shareholders of record as of Nov. 30, for FY ending May 2016.Payment date Feb. 12.Says latest dividend forecast was 16 yen per share.  Full Article

SATORI ELECTRIC amends consolidated full-year outlook and year-end dividend forecast for FY 2015
Thursday, 18 Jun 2015 02:00am EDT 

SATORI ELECTRIC CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 129,700 million yen from 132,000 million yen for FY ended May 2015.Sees a decrease of operating profit forecast to 1,500 million yen from 1,650 million yen.Ordinary profit forecast increased to 2,340 million yen from 2,100 million yen.Net profit forecast increased to 1,680 million yen from 1,500 million yen.Earnings per share increased to 99.08 yen from 88.46 yen.Comments the sales decrease of electron instrument and foreign exchange gain are the main reasons for the forecast.Raised year-end dividend forecast to 18 yen per share from 12 yen per share for FY ended May 2015.  Full Article

More From Around the Web

BRIEF-Innotech to sell HDD sales business to Satori Electric Co Ltd

* Says it will sell the hard disk drive (HDD) sales related business to Satori Electric Co Ltd