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Japan Steel Works Ltd (5631.T)

5631.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Japan Steel Works reaches agreement with Tsukishima Kikai
Monday, 6 Nov 2017 

Nov 6(Reuters) - Japan Steel Works Ltd <5631.T>:Says it reached an agreement with Tsukishima Kikai Co Ltd <<<6332.T>>>, regarding cooperation in manufacture aera .  Full Article

R&I affirms Japan Steel Works's rating at "A-" and says stable outlook – R&I
Tuesday, 6 Sep 2016 

Japan Steel Works Ltd <5631.T>: Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A-" – R&I .Rating outlook stable– R&I.  Full Article

Competition Commission of India approves JV between Gerdau S.A, Sumitomo Corp & Japan Steel Works<5631.T><8053.T>
Tuesday, 23 Aug 2016 

Competition Commission of India: CCI approves formation of joint venture between Gerdau S.A., Sumitomo Corporation and the Japan Steel Works Ltd . Further company coverage [GGBR4.SA] [8053.T] [5631.T] ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

Japan Steel Works expects extraordinary loss and amends consolidated full-year outlook for FY 2016
Monday, 25 Apr 2016 

Japan Steel Works Ltd:Expects an extraordinary loss of 35.4 bln yen for FY ended March 2016.Says the loss is recorded for impairment loss on fixed assets.Says the company increased the consolidated full-year outlook for revenue to 220,000 mln yen from 210,000 mln yen for FY ended March 2016.Operating profit forecast increased to 14,000 mln yen from 12,000 mln yen.Ordinary profit forecast increased to 14,000 mln yen from 12,500 mln yen.Net profit forecast decreased to -17,000 mln yen from 7,200 mln yen.Earnings per share decreased to -46.38 yen from 19.64 yen.FY 2016 revenues of 210.90 bln yen, net income of 7.86 bln yen – Thomson Reuters I/B/E/S.Comments increased income from industrial machinery business and property selling as well as the extraordinary loss are the main reasons for the forecast.  Full Article

Japan Steel Works receives report from internal investigation committee
Monday, 25 Apr 2016 

Japan Steel Works Ltd:Receives report and confirms improper accounting treatment happened in its Hokkaido-based wholly owned subsidiary(FCC), from FY 2014 to FY 2016.Says amount of about 1.2 bln yen.  Full Article

Nikkei rises to end 4-day losing run; exporter and steel shares bounce

TOKYO, March 6 Japan's Nikkei share average rose on Tuesday to snap a four-day losing run after Wall Street shares rallied overnight, with the dollar's bounce lifting exporter shares.

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