Key Developments: NGK Insulators Ltd (NGKIF.PK)
10.20USD
5 Feb 2013
$-1.83 (-15.21%)
$12.03
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$13.65
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Latest Key Developments (Source: Significant Developments)
NGK Insulators Ltd Announces Resignation of Chairman
NGK Insulators Ltd announced that Shun Matsushita will resign from Chairman of the Board in the Company, effective June 27, 2013. Full Article
NGK Insulators Ltd Lowers Full-year Consolidated Outlook for FY 2013
NGK Insulators Ltd announced that it has lowered its full-year consolidated outlook for revenue from JPY 255,000 million to JPY 245,000 million, operating profit from JPY 23,000 million to JPY 18,000 million, ordinary profit from JPY 24,000 million to JPY 19,000 million, net profit from JPY 16,000 million to JPY 10,000 million, and earnings per share from JPY 49.00 to JPY 30.63, for the fiscal year ending March 31, 2013. The Company lowered its full-year consolidated outlook mainly due to the decrease in sales of ceramics for automobile-related products, semiconductor manufacturing equipment and electric-related business. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 252,150 million, operating profit of JPY 22,900 million and net profit of JPY 15,660 million, for the same fiscal year. Full Article
NGK Insulators Ltd Amends Consolidated Mid-year Guidance and Lowers Consolidated Full-year Guidance for FY 2013
NGK Insulators Ltd announced that it has affirmed the consolidated mid-year guidance for revenue of JPY 124,000 million, operating profit of JPY 11,000 million and lowered the guidance for ordinary profit from JPY 10,000 million to JPY 8,500 million, net profit from JPY 9,000 million to JPY 1,000 million and earning per share from JPY 27.56 to JPY 3.06 for the fiscal year ending March 31, 2013. The Company has lowered the consolidated full-year forecast for revenue from JPY 270,000 million to JPY 255,000 million, operating profit from JPY 28,000 million to JPY 23,000 million, ordinary profit from JPY 30,000 million to JPY 24,000 million, net profit from JPY 24,000 million to JPY 16,000 million and earning per share from JPY 73.50 to JPY 49.00 for the fiscal year ending March 31, 2013. The Company lowered the consolidated full-year outlook due to the downturn in economy and the aggravated order environment. Full Article
R&I Downgrades Rating on NGK Insulators Ltd to "A+"; Rating Outlook Stable
Rating and Investment Information, Inc. (R&I) announced that it has downgraded the rating on NGK Insulators, Ltd. from "AA-" to "A+". The rating outlook is stable. Full Article
NGK Insulators, Ltd. Announces Outcome of Takeover Bid for Shares of Energy Support Corporation
NGK Insulators, Ltd. announced that it has acquired 10,626,419 shares of Energy Support Corporation, at the price of JPY 360 per share, during the period from November 29, 2011 to January 17, 2012. After the transaction, NGK Insulators will hold 95.97% voting rights of Energy Support Corporation, effective January 24, 2012. NGK Insulators intends to fully acquire Energy Support Corporation and Energy Support Corporation will delist its stock from the Osaka Securities Exchange and Nagoya Stock Exchange. Full Article
R&I Affirms NGK Insulators, Ltd.'s Rating at "AA-"; Changes Rating Outlook to Negative
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on NGK Insulators, Ltd. at "AA-". But changed the rating outlook from stable to negative. Full Article
NGK Insulators, Ltd. Expects Extraordinary Loss for FY Ending March 2012; Amends FY 2012 Outlook
NGK Insulators, Ltd. announced that it expects to record JPY 60 billion expenses on safety measure and loss on valuation of assets as extraordinary for the fiscal year ending March 2012. Therefore, the Company reaffirmed its consolidated full-year outlook for revenue of JPY 245,000 million, operating profit of JPY 24,000 million, ordinary profit of JPY 26,000 million, and amended its consolidated full-year outlook for net profit (loss) from an undetermined value to JPY (40,000 million) and earning per share (loss) from an undetermined value to JPY (122.50) for the fiscal year ending March 31, 2012. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 248.46 billion and net profit (loss) of JPY (7.44 billion). Full Article
NGK Insulators, Ltd. Launches Takeover Bid for Shares of Energy Support Corporation
NGK Insulators, Ltd. Launches Takeover Bid for Shares of Energy Support Corporation Full Article
NGK Insulators, Ltd. Amends Consolidated Full-year Forecast for FY 2012
NGK Insulators, Ltd. announced that it has lowered the consolidated full-year forecast for revenue from JPY 260,000 million to JPY 245,000 million, operating profit from JPY 30,000 million to JPY 24,000 million, ordinary profit from JPY 32,000 million to JPY 26,000 million, and reaffirmed the forecast for net profit of JPY 23,000 million and earning per share of JPY 70.44 for the fiscal year ending March 31, 2012. The Company lowered the consolidated full-year outlook for revenue, operating profit and ordinary profit due to fire accident of its battery product. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 264.56 billion and net profit of JPY 24.27 billion for the fiscal year ending March 2012. Full Article
R&I Affirms NGK Insulators, Ltd.'s Rating at "AA-"; Rating Outlook Stable
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on NGK Insulators, Ltd. at "AA-". The rating outlook is stable. Full Article
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