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Nankai Electric Railway Co Ltd (9044.T)

9044.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nankai Electric Railway amends consolidated full-year outlook and year-end dividend forecast for FY 2016
Wednesday, 23 Mar 2016 01:00am EDT 

Nankai Electric Railway Co Ltd:Says the company amended the consolidated full-year outlook for the FY ending March 2016.Revenue forecast revised to 218,600 million yen from 218,100 million yen.Operating profit forecast revised to 31,500 million yen from 29,800 million yen.Ordinary profit forecast revised to 26,400 million yen from 24,300 million yen.Net profit forecast revised to 11,900 million yen from 15,400 million yen.Earnings per share revised to 20.99 yen from 27.17 yen.Comments that increased income in transportation business and decreased fuel price are the main reasons for the forecast.Says it raised the year-end dividend forecast to 6 yen per share from 5 yen per share for the FY ending March 2016.  Full Article

R&I affirms Nankai Electric Railway's rating at "BBB" and outlook stable
Friday, 16 Oct 2015 02:00am EDT 

Nankai Electric Railway Co Ltd:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB".Rating outlook stable.  Full Article

Nankai Electric Railway raises consolidated mid-year outlook for FY 2016
Tuesday, 29 Sep 2015 01:00am EDT 

Nankai Electric Railway Co Ltd:Says the company increased the consolidated mid-year outlook for revenue to 108,800 million yen from 108,100 million yen for FY ending March 2016.Operating profit forecast increased to 17,100 million yen from 13,900 million yen.Ordinary profit forecast increased to 14,500 million yen from 11,100 million yen.Net profit attributable to parent company's shareholders forecast increased to 9,900 million yen from 6,900 million yen.Earnings per share increased to 17.46 yen from 12.17 yen.Comments the sales increase and costs reduction are the main reasons for the forecast.  Full Article

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