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Kuroda Electric Co Ltd (7517.T)

7517.T on Tokyo Stock Exchange

18 Aug 2017
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¥-26 (-1.32%)
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Latest Key Developments (Source: Significant Developments)

Kuroda Electric to establish subsidiary in Vietnam
Monday, 15 May 2017 03:33am EDT 

May 15(Reuters) - Kuroda Electric Co Ltd <7517.T>:Says it will establish a wholly owned subsidiary based in Vietnam on July 17.Says new subsidiary will be mainly engaged in implementation and processing of electronic parts for Japanese automobile parts makers .Says new subsidiary will be capitalized at $18 million or about 2 billion yen .  Full Article

Kuroda Electric lowers consolidated full-year outlook and year-end dividend forecast for FY 2016
Thursday, 28 Jan 2016 12:00am EST 

Kuroda Electric Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 280,000 mln yen from 330,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 8,000 mln yen from 10,500 mln yen.Sees a decrease of ordinary profit forecast to 7,900 mln yen from 10,600 mln yen.Sees a decrease of net profit forecast to 3,800 mln yen from 7,000 mln yen.Sees a decrease of earnings per share to 100.97 yen from 186.00 yen.Says sluggish in sales both in domestic and abroad as the main reason for the forecast.Says it lowered the year-end dividend forecast to 18 yen per share from 47 yen per share for the fiscal year ending March 2016.  Full Article

Kuroda Electric to sell stake in India-based subsidiary
Monday, 7 Sep 2015 12:00am EDT 

Kuroda Electric Co Ltd:To sell stake in India-based subsidiary to Ecorea Industrial Co.,LTD. for 241 mln yen on Sep. 30.To hold 49 pct stake in the subsidiary, down from 60 pct.  Full Article