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Maruichi Steel Tube Ltd (5463.T)

5463.T on Tokyo Stock Exchange

3,355JPY
21 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Maruichi Steel Tube to set up steel tube JV in Philippines
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Maruichi Steel Tube Ltd <5463.T>:Says it plans to set up a Philippines-based JV in March 2018, with partner.Says the new JV will be capitalized at about 1.56 billion yen and will be mainly engaged in production and sales of steel tube for motorcycles and automobiles.Says it will hold 70 percent stake in the JV .  Full Article

U.S. sets dumping duties on some steel pipe, tube imports
Friday, 15 Jul 2016 

U.S. Department of Commerce announced on Friday its final ruling on anti-dumping duties on imports of steel pipes and tubes from South Korea, Mexico and Turkey, setting levies : The decision covers imports of heavy-walled rectangular welded carbon steel pipes and tubes which are used in construction and transportation. . Commerce found dumping has occurred by mandatory respondents Dong-A Steel Co and HiSteel Co Ltd <071090.KS> at dumping margins of 2.34 percent and 3.82 percent, respectively. . All other producers/exporters in Korea will incur a final dumping margin of 3.24 percent. . For Mexico, Commerce found dumping has occurred by mandatory respondents Maquilacero SA de CV and Productos Laminados de Monterrey SA de CV at dumping margins of 3.83 percent and 5.21 percent, respectively. . Commerce calculated a final dumping margin of 4.91 percent for all other producers/exporters in Mexico. . In the Turkey investigation, Commerce found dumping has occurred by mandatory respondent MMZ Boru Profil Uretim Sanayi Ve Tic AS at a dumping margin of 35.66 percent. . Commerce determined that no dumping has occurred by mandatory respondent Ozdemir Boru Profil San Ve Tic Ltd Sti(Ozdemir) and calculated a final dumping margin of 17.83 percent for all other producers/exporters in Turkey..  Full Article

Maruichi Steel Tube's net profit probably rose 20 pct to slightly more than 11 bln yen for year ended March, 2016 - Nikkei
Monday, 9 May 2016 

Nikkei: Maruichi Steel Tube will likely generate a group net profit of 16 billion yen ($148 million) in the current fiscal year ending next March - Nikkei . Maruichi Steel Tube's pretax profit likely will climb 20 pct to around 22 billion yen in the current fiscal year ending next March - Nikkei . Maruichi Steel Tube Ltd's sales will probably slide roughly 5 pct to 138 billion yen in the current fiscal year ending next March - Nikkei . Maruichi Steel Tube appears to have suffered a 5 pct sales decline to about 145 bln yen for the year ended March 2016 - Nikkei .Maruichi Steel Tube Ltd's net profit probably rose 20 pct to slightly more than 11 billion yen for the year ended March, 2016 - Nikkei.  Full Article

Maruichi Steel Tube amends consolidated full-year outlook for FY 2016
Thursday, 7 Apr 2016 

Maruichi Steel Tube Ltd:Expected extraordinary loss of about 2.8 bln yen for FY ended March 2016 for impairment loss on fixed asset.Says the company amended the consolidated full-year outlook for the FY ended March 2016.Confirmed the revenue at 144,500 million yen.Confirmed the operating profit forecast at 17,100 million yen.Confirmed the ordinary profit forecast at 18,700 million yen.Net profit forecast decreased to 10,800 million yen from 13,100 million yen.Earnings per share decreased to 129.11 yen from 156.60 yen.Comments that amount of group companies' contribution ratio in Leavitt is the main reason for the forecast.  Full Article