Key Developments: Furukawa Electric Co Ltd (FUWAY.PK)

FUWAY.PK on OTC Markets Group

17.04USD
26 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Furukawa Electric Co Ltd lowers consolidated full-year net profit outlook for FY 2015
Friday, 31 Oct 2014 02:00am EDT 

Furukawa Electric Co Ltd:Says the company reaffirmed the consolidated full-year outlook for revenue at 850,000 million yen for the fiscal year ending March 31, 2015.Sees a decrease of operating profit forecast to 18,000 million yen from 22,500 million yen.Sees a decrease of ordinary profit forecast to 20,000 million yen from 23,000 million yen.Sees a decrease of net profit forecast to 6,000 million yen from 7,500 million yen.Sees a decrease of earnings per share to 8.50 yen from 10.62 yen.FY 2015 revenues of 841.74 billion yen, net profit of 6.91 billion yen – Thomson Reuters I/B/E/S.Comments that the increased cost for electronics business division, increased outsourcing expenses for metal division, as well as more than expected profit and loss of copper business are the main reasons for the forecast.  Full Article

Furukawa Electric Co Ltd announces new contract for OPGW Projects in Newfoundland, Canada
Wednesday, 4 Jun 2014 09:00am EDT 

Furukawa Electric Co Ltd:Says it has been awarded a new contract for Optical Ground Wire(1) (hereinafter, OPGW) and fittings for power transmission projects in Newfoundland, Canada.Transmission project of NALCOR Energy that links between an 824MW hydroelectric power plant in Labrador and a substation in Newfoundland.  Full Article

Furukawa Electric Co Ltd expects extraordinary loss for FY 2014 and FY 2015
Friday, 9 May 2014 02:00am EDT 

Furukawa Electric Co Ltd:Says it expects an extraordinary loss of about 1.8 bln yen for FY ended March 2014 and about 1.2 bln yen for FY ending March 2015.Says the loss is recorded for the snow disaster in Tochigi prefecture, Japan.  Full Article

Furukawa Electric announces decision of European Commission and expects extraordinary losses for FY 2014
Wednesday, 2 Apr 2014 08:05am EDT 

Furukawa Electric Co Ltd:Imposed fine of 8,858,000 euros by European Commission for violation of European competition laws related to power cable business.Says joint venture was imposed fine of 34,992,000 euros for the same reason.Sees extraordinary losses of about 1,250 mln yen and 4,960 mln yen for the fine, for fiscal year ended March 2014.  Full Article

Furukawa Electric Co Ltd expects extraordinary profit and extraordinary loss for FY 2014
Thursday, 20 Mar 2014 02:00am EDT 

Furukawa Electric Co Ltd:Expected an extraordinary profit to 4.5 billion yen for the FY ending March 2014.The profit was recorded as asset efficiency and financial structure improvement.Expected an extraordinary loss of about 2.8 billion yen.The loss is recorded for impairment loss on fixed assets.  Full Article

R&I affirms rating on Furukawa Electric Co Ltd at "BBB+" and rating outlook stable
Monday, 3 Feb 2014 01:00am EST 

Furukawa Electric Co Ltd:Rating and Investment Information, Inc (R&I) has affirmed the rating on Furukawa Electric Co Ltd at "BBB+".Rating outlook stable.  Full Article

Furukawa Electric Co Ltd Announces Holdings Changes in UACJ Corp
Tuesday, 1 Oct 2013 02:30am EDT 

UACJ Corp announced that Furukawa Electric Co Ltd is no longer the parent company of the Company with 28.11% voting rights, down from 53.01%, effective October 1, 2013.  Full Article

R&I Affirms Furukawa Electric Co Ltd's Rating at "BBB+"; Rating Outlook Stable
Tuesday, 19 Feb 2013 01:01am EST 

Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Furukawa Electric Co Ltd at "BBB+". The rating outlook is stable.  Full Article

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