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Japan Aviation Electronics Industry Ltd (6807.T)

6807.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

NEC to launch takeover bid for 10 mln shares of Japan Aviation Electronics Industry Ltd
Tuesday, 31 May 2016 

NEC Corp <6701.T>: Say the company will buy up to 10 million shares(10.97 percent stake) of Japan Aviation Electronics Industry Ltd <6807.T> through takeover bid in November . Says transaction price is 1,920 yen per share .Says the company is holding 39.3 percent stake in Japan Aviation Electronics Industry currently.  Full Article

Japan Aviation Electronics Industry lowers consolidated full-year outlook for FY 2016
Wednesday, 27 Jan 2016 

Japan Aviation Electronics Industry Ltd:Says the company lowered the consolidated full-year outlook for revenue to 179,000 mln yen from 203,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 17,600 mln yen from 27,000 mln yen.Sees a decrease of ordinary profit forecast to 16,700 mln yen from 24,000 mln yen.Sees a decrease of net profit forecast to 12,500 mln yen from 17,000 mln yen.Sees a decrease of earnings per share to 137.60 yen from 187.19 yen.Comments the sluggish in core business due to the influence of market condition decreased demand are the main reasons for the forecast.  Full Article