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Kanematsu Corp (8020.T)

8020.T on Tokyo Stock Exchange

25 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Kanematsu announces change of chairman and president
Wednesday, 10 May 2017 01:31am EDT 

May 10(Reuters) - Kanematsu Corp <8020.T>:Says it appoints current president Masayuki Shimojima as new chairman of the board of the company.Says it appoints Kaoru Tanigawa as new president .Says change effective on June 23.  Full Article

R&I affirms Kanematsu's rating at "BBB" and announces stable outlook – R&I
Wednesday, 1 Feb 2017 01:25am EST 

Kanematsu Corp <8020.T>: Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB" – R&I .Rating outlook stable– R&I.  Full Article

JVC Kenwood to sell electric unit and to transfer card printer business to unit
Thursday, 22 Dec 2016 02:02am EST 

JVC Kenwood Corp <6632.T>: Says it plans to sell 100 percent stake in its Tokyo-based electric unit to Kanematsu Corp <8020.T>(40 percent) and a Tokyo-based investment partnership(60 percent) . Says effective date on Feb. 24, 2017 and the selling price is not disclosed .Says it plans to transfer its card printer business to the electric unit on March 1, 2017.  Full Article

Kanematsu announces application of International Financial Reporting Standards
Monday, 28 Mar 2016 05:40am EDT 

Kanematsu Corp:To apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current Japan-Generally Accepted Accounting Principles.IFRS effective from the annual report for fiscal year ending March 2016.  Full Article

Kanematsu received surcharge order to former employee from SESC
Friday, 25 Mar 2016 04:10am EDT 

Kanematsu Corp:Securities and Exchange Surveillance Commission (SESC) announced surcharge payment order for fine of 770,000 yen to former employee of the company regarding insider trading.  Full Article

Kanematsu to issue 1st and 2nd series unsecured corporate bonds
Friday, 4 Mar 2016 01:00am EST 

Kanematsu Corp:To issue first series unsecured corporate bonds worth 5 billion yen, subscription date on March 4 and payment date on March 10, with maturity date March 8, 2019 and coupon rate 0.40 pct per annum.To issue second series unsecured corporate bonds worth 5 billion yen, subscription date on March 4 and payment date on March 10, with maturity date March 10, 2021 and coupon rate 0.64 pct per annum.The bonds are each with face value of 100 million yen, issue price at 100 yen per face value of 100 yen.Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. and Mizuho Securities Co., Ltd.will serve as underwriters.  Full Article

Kanematsu wholly owned subsidiary to fully acquire Diamondtelecom, Inc. through cash of about 17.4 billion yen
Monday, 18 Jan 2016 02:00am EST 

Kanematsu Corp:Says its wholly owned subsidiary, will fully acquire Diamondtelecom, Inc, a wholly owned subsidiary of Mitsubishi Electric Corporation.Transaction amount is about 17.4 billion yen in all.Effective date April 1.  Full Article

Factbox: Likely winners and losers from a Japan-EU trade deal

BRUSSELS/TOKYO The leaders of Japan and the European Union aim to agree a free-trade deal in Brussels on Thursday that would remove almost all customs duties and give greater market access to Japanese car manufacturers and European food exporters.