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Tokai Electronics Co Ltd (8071.NG)

8071.NG on Nagoya Stock Exchange

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¥2,850
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¥2,255

Latest Key Developments (Source: Significant Developments)

Tokai Electronics announces resignation of chairman
2:26am EDT 

April 27(Reuters) - Tokai Electronics Co Ltd <8071.NG>:Says current chairman Hidesaku Okura will resign on June 28.  Full Article

Tokai Electronics lowers consolidated full-year outlook for FY 2016
Monday, 28 Mar 2016 03:30am EDT 

Tokai Electronics Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 38,000 mln yen from 43,700 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 890 mln yen from 1,120 mln yen.Sees a decrease of ordinary profit forecast to 850 mln yen from 1,150 mln yen.Sees a decrease of net profit forecast to 430 mln yen from 690 mln yen.Sees a decrease of earnings per share to 40 yen from 64.19 yen.Says decreased sales in core business, impact of high-valued yen and market condition as the main reasons for the forecast.  Full Article

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