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Daido Steel Co Ltd (5471.T)

5471.T on Tokyo Stock Exchange

6,910JPY
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¥50 (+0.73%)
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¥6,860
Open
¥6,870
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¥6,930
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¥6,830
Volume
132,800
Avg. Vol
154,085
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¥7,490
52-wk Low
¥4,800

Latest Key Developments (Source: Significant Developments)

Daido Steel announces merger between units
Friday, 26 Aug 2016 

Daido Steel Co Ltd <5471.T>: Says its wholly owned unit DAIDO ELECTRONICS CO.,LTD. will undertake the merger with another wholly owned unit Intermetallics Japan Corporation . Says effective date on Jan. 1, 2017 .Says Intermetallics Japan Corporation will be dissolved after the merger.  Full Article

R&I affirms Daido Steel Co Ltd's rating at "A-" and announces stable outlook -R&I
Wednesday, 24 Aug 2016 

Daido Steel Co Ltd <5471.T> : Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A-" -R&I .Rating outlook stable -R&I.  Full Article

Daido Steel buys back 10 mln shares at totally about 4 bln yen
Tuesday, 23 Aug 2016 

Daido Steel Co Ltd <5471.T>: Says it repurchases 10 million shares at about 4 billion yen in total as of Aug. 19 .Says previous release disclosed on May 31.  Full Article

Daido Steel to fully acquire unit DAIDO KOGYO.,inc. via stock swap
Tuesday, 31 May 2016 

Daido Steel Co Ltd <5471.T>: Says the company will fully acquire unit DAIDO KOGYO.,inc. through stock swap, effective Oct. 1 .Says further details remains to be determined.  Full Article

Daido Steel to repurchase 10 mln shares for 5 bln yen
Tuesday, 31 May 2016 

Daido Steel Co Ltd <5471.T>: Says it will repurchase up to 10 million shares of its common stock, representing a 2.3 percent stake from June 1 to Aug. 19 .Share repurchase price is up to 5 billion yen in total.  Full Article

Daido Steel lowers consolidated full-year outlook and amends year-end dividend forecast for FY 2016
Wednesday, 30 Mar 2016 

Daido Steel Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 457,000 million yen from 464,000 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to 23,500 million yen from 26,000 million yen.Sees a decrease of ordinary profit forecast to 24,500 million yen from 26,500 million yen.Sees a decrease of net profit forecast to 6,000 million yen from 14,000 million yen.Sees a decrease of earnings per share to 13.89 yen from 32.28 yen.Says extraordinary loss is the main reason.Lowered year-end dividend forecast to 2.5 yen per share from 5 yen per share for FY ending March 2016.  Full Article

Daido Steel announces change of president and chairman
Wednesday, 16 Mar 2016 

Daido Steel Co Ltd:Appoints Takeshi Ishiguro as new president to succeed Tadashi Shimao.Appoints Tadashi Shimao as new chairman of the board.Effective in late June.  Full Article