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Torex Semiconductor Ltd (6616.T)

6616.T on Tokyo Stock Exchange

1,890JPY
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Torex Semiconductor raises stake in PHENITEC SEMICONDUCTOR to 51 pct
Friday, 1 Apr 2016 

Torex Semiconductor Ltd:Completed investment in PHENITEC SEMICONDUCTOR CORPORATION, holding 51 pct, up from 0 pct.Price at 2,000,175,800 yen.Effective April 1.  Full Article

Torex Semiconductor forms business and capital alliance with PHENITEC SEMICONDUCTOR and to raise stake in PHENITEC SEMICONDUCTOR to 51 pct
Monday, 14 Mar 2016 

Torex Semiconductor Ltd:Forms business and capital alliance with PHENITEC SEMICONDUCTOR CORPORATION, on March 14.To raise stake in PHENITEC SEMICONDUCTOR CORPORATION, to 51 pct from 0 pct, for 2,000,175,800 yen, effective April 1.Says PHENITEC SEMICONDUCTOR is holding 16.56 pct stake in Torex Semiconductor and Torex Semiconductor has the plan to buy back the stake after this acquisition.  Full Article

Torex Semiconductor lowers consolidated full-year outlook for FY 2016
Friday, 12 Feb 2016 

Torex Semiconductor Ltd:Says the company lowered the consolidated full-year outlook for revenue to 10,500 million yen from 11,000 million yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 1,250 million yen from 1,400 million yen.Sees a decrease of ordinary profit forecast to 1,000 million yen from 1,350 million yen.Sees a decrease of net profit forecast to 600 million yen from 950 million yen.Sees a decrease of earnings per share to 56.46 yen from 89.43 yen.Comments that decreased sales of Taiwan and Southeast Asia markets is the main reasons for the forecast.  Full Article