Key Developments: Nifco Inc (7988.T)
2,309JPY
24 May 2013
¥87 (+3.92%)
¥2,336
¥2,250
¥2,392
¥2,247
524,800
221,777
¥2,392
¥1,640
Latest Key Developments (Source: Significant Developments)
NIFCO INC to Issue Year-end Dividend for FY 2013
NIFCO INC announced that it has decided to issue a year-end dividend payment of JPY 24 per share (JPY 1,266 million in total), above its latest dividend forecast of JPY 23 per share announced on May 10, 2012, to all its shareholders as a record of March 31, 2013. The dividend will be paid on June 28, 2013. Full Article
NIFCO INC's Subsidiary to Acquire Nifco Deutschland GmbH
NIFCO INC announced that its wholly owned subsidiary Nifco Deutschland GmbH will acquire a 100% stake in a Germany-based automobile-oriented plastic components maker KTS GmbH & Co. KG and its group companies, from Mr. Peter Schmidt and others. The financial terms regarding this were not disclosed. Full Article
NIFCO INC's Subsidiary Forms Business Alliance with New York Times Company
NIFCO INC announced that its subsidiary has formed a business alliance with New York Times Company to start publishing of an English newspaper "The Japan Times/International New York Times". Full Article
NIFCO INC Amends Consolidated Full-year Outlook for FY 2013
NIFCO INC announced that it has raised its consolidated full-year outlook for revenue from JPY 130,000 million to JPY 138,000 million, but lowered the outlook for operating profit from JPY 12,500 million to JPY 10,000 million, ordinary profit from JPY 12,000 million to JPY 10,000 million, net profit from JPY 7,000 million to JPY 5,500 million and earning per share from JPY 132.16 to JPY 104.02, for the fiscal year ending March 2013. The Company raised the revenue outlook due to the increased sales, and lowered the profit outlook due to the increased cost in overseas production location establishment. Full Article
Nifco Inc. Announces Capital Injection of Subsidiary
Nifco Inc. announced that it will purchase 4 million shares of its subsidiary, Nifco India Private Limited, which is engaged in the manufacturing and sale of plastics products in India, by June 2012. As a result, the subsidiary will be capitalized at INR 400 million, up from INR 250 million. Full Article
Nifco Inc. Announces Capital Injection of Subsidiary
Nifco Inc. announced that it will purchase 9,407,000 shares of its 25%-owned subsidiary, NIFCO SOUTH INDIA MANUFACTURING PRIVATE LIMITED, which is engaged in the manufacturing and sale of plastics products in India, in January 2012 and May 2012. As a result, the subsidiary will be capitalized at INR 940,700,000, up from INR 202,700,000. Full Article
R&I Affirms Rating on Nifco Inc. at "A"; Rating Outlook Stable
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Nifco Inc. at "A". The rating outlook is stable. Full Article
Nifco Inc. Amends Consolidated Full-year Outlook for FY 2012; Announces Mid-term Dividend Payment and Changes Year-end Dividend Forecast for FY 2012
Nifco Inc. announced that it has raised its consolidated full-year outlook for revenue from JPY 115,000 million to JPY 120,000 million, operating profit from JPY 10,000 million to JPY 11,000 million, ordinary profit from JPY 9,500 million to JPY 10,500 million, net profit from JPY 6,000 million to JPY 6,800 million and earning per share from JPY 112.29 to JPY 127.25, for the fiscal year ending March 2012. This is due to the increased sales and the cost reduction. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 120.27 billion and earning per share of JPY 129.30. In addition, the Company has decided to pay a JPY 22 per share mid-term dividend, as well as raise its year-end dividend forecast from JPY 20 per share to JPY 23 per share, for the same fiscal year. Full Article
Nifco Inc. Announces Consolidated Mid-year and Full-year Outlook for FY 2012; Announces Mid-year and Year-end Dividend Forecast for FY 2012
Nifco Inc. announced the consolidated mid-year outlook for revenue at JPY 53,000 million, operating profit at JPY 3,500 million, ordinary profit at JPY 3,300 million, net profit at JPY 2,000 million and earning per share at JPY 37.43 for the fiscal year ending March 31, 2012. The Company also announced the consolidated full-year outlook for revenue at JPY 115,000 million, operating profit at JPY 10,000 million, ordinary profit at JPY 9,500 million, net profit at JPY 6,000 million and earning per share at JPY 112.29 for the fiscal year ending March 31, 2012. The Company also issued the mid-year dividend forecast of JPY 20 per share, and year-end dividend forecast of JPY 20 per share, for the fiscal year ending March 31, 2012. Full Article
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