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Nifco Inc (7988.T)

7988.T on Tokyo Stock Exchange

5,700JPY
2:00am EDT
Change (% chg)

¥10 (+0.18%)
Prev Close
¥5,690
Open
¥5,680
Day's High
¥5,740
Day's Low
¥5,650
Volume
242,600
Avg. Vol
219,861
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¥6,350
52-wk Low
¥5,000

Latest Key Developments (Source: Significant Developments)

Nifco to dissolve Singapore-based unit
Thursday, 2 Feb 2017 11:15pm EST 

Nifco Inc <7988.T> :Says it plans to dissolve wholly owned Singapore-based unit Nifco (Singapore) Pte Ltd, at the end of April.  Full Article

R&I affirms Nifco's rating at "A" and announces stable outlook – R&I
Monday, 14 Nov 2016 01:23am EST 

Nifco Inc <7988.T>: Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A" – R&I .Rating outlook stable– R&I.  Full Article

Nifco amends conversion price of 2020 due 1st series unsecured convertible bonds with warrants
Sunday, 26 Jun 2016 10:04pm EDT 

Nifco Inc <7988.T>: Says it amended the conversion price to 5,506.3 yen per share from 5,520 yen for the 2020 due 1st series unsecured convertible bonds with warrants .Says the change will effective after July 10.  Full Article

NIFCO announces change of chairman and CEO
Monday, 28 Mar 2016 10:30pm EDT 

NIFCO INC:Says Toshiaki Ogasawara to resign as chairman and CEO.Appoints Toshiyuki Yamamoto as chairman and CEO.Effective June 24.  Full Article

R&I affirms NIFCO 's rating at "A" and announces stable outlook
Thursday, 19 Nov 2015 01:00am EST 

NIFCO INC:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A".Rating outlook stable.  Full Article

NIFCO raises consolidated full-year outlook and year-end dividend forecast for FY 2016
Wednesday, 4 Nov 2015 01:00am EST 

NIFCO INC:Says the company increased the consolidated full-year outlook for revenue to 250,000 mln yen from 240,000 mln yen, for the fiscal year ending March 31, 2016.Operating profit forecast increased to 25,500 mln yen from 24,000 mln yen.Ordinary profit forecast increased to 25,000 mln yen from 23,500 mln yen.Net profit forecast increased to 15,800 mln yen from 14,500 mln yen.Earnings per share increased to 308.19 yen from 283.01 yen.Comments increased sales in core business as the main reason for the forecast.FY 2016 revenues of 254.91 billion yen, net income of 16.77 billion yen – Thomson Reuters I/B/E/S.Says it raised the year-end dividend forecast to 55 yen per share from 45 yen per share for the fiscal year ending March 2016.  Full Article

NIFCO updates establishment of new sub-subsidiary in America
Wednesday, 28 Oct 2015 05:25am EDT 

NIFCO INC:New sub-subsidiary Nifco KTW America is capitalized at $20 million instead of $200 million.Plan disclosed on Oct. 27.  Full Article

NIFCO establishes new sub-subsidiary in America
Tuesday, 27 Oct 2015 02:00am EDT 

NIFCO INC:Says its subsidiaries, Nifco KTW GmbH and Nifco America Corporation, have established a new sub-subsidiary, Nifco KTW America Corporation.Effective date April 28.Nifco KTW America Corporation is engaged in plastics product manufacturing and sales of automobile use in America.Nifco KTW America is capitalized at $200 million.Nifco KTW GmbH and Nifco America Corporation are holding 90 pct and 10 pct stakes in Nifco KTW America Corporation, respectively.  Full Article

NIFCO establishes new sub-subsidiary in China
Tuesday, 27 Oct 2015 02:00am EDT 

NIFCO INC:Says its subsidiaries, Nifco Korea Inc. and Nifco Hong Kong Ltd., have established a new sub-subsidiary, which is engaged in the plastic product manufacturing and sales in Chongqing, China.Effective date Sep. 17.The sub-subsidiary is capitalized at 76 million yuan.Nifco Korea Inc. and Nifco Hong Kong Ltd are holding 75 pct and 25 pct stakes in the sub-subsidiary, respectively.  Full Article

NIFCO subsidiary to set up joint venture
Thursday, 30 Jul 2015 02:00am EDT 

NIFCO INC:Korea-based subsidiary Nifco Korea Inc to set up joint venture in China planned in October.Subsidiary's JV with registered capital of 19 mln yuan (about 380 mln yen) and to be engaged in manufacturing and sale of automotive plastic product.Nifco Korea Inc. to hold 75 pct stake and Nifco (HK) Limited. to hold 25 pct stake in the JV respectively.  Full Article

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BRIEF-Nifco to dissolve Singapore-based unit

* Says it plans to dissolve wholly owned Singapore-based unit Nifco (Singapore) Pte Ltd, at the end of April