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Nissin Electric Co., Ltd.

6641.T

Latest Trade

1,204.00JPY

Change

-30.00(-2.43%)

Volume

211,200

Today's Range

1,202.00

 - 

1,231.00

52 Week Range

742.00

 - 

1,446.00

As of on the Tokyo Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Nissin Electric appoints chairman and president

May 12 (Reuters) - Nissin Electric Co Ltd <6641.T>:* Says it appointed current president Hideaki Obata as new chairman .* Says it appointed Shigeo Saito as new president .* Effective June 27.

Nissin Electric to sell stake in unit

Nissin Electric Co Ltd:Says to sell 51 pct stake in its China-based subsidiary to Li Xiaohui for 10 million yuan in the end of March.To hold no stake in the unit after the transaction.

Nissin Electric raises year-end dividend forecast for FY 2016

Nissin Electric Co Ltd:Raised year-end dividend forecast to 8 yen per share from 7 yen per share for FY ending March 2016.

Nissin Electric announces report from internal investigation committee

Nissin Electric Co Ltd:Received report from internal investigation committee, which confirmed the variances of 1,019 mln yen between carrying amount and on-site inventory of work in process in Maebashi-based manufacturing division.

Nissin Electric revises consolidated mid-year outlook and raises consolidated full-year outlook for FY 2016

Nissin Electric Co Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 42,600 million yen from 43,000 million yen for the fiscal year ending March 31, 2016.Sees an increase of mid-year operating profit forecast to 1,900 million yen from 800 million yen.Sees an increase of mid-year ordinary profit forecast to 2,000 million yen from 800 million yen.Sees an increase of mid-year net profit forecast to 1,400 million yen from 500 million yen.Sees an increase of mid-year earnings per share to 13.10 yen from 4.68 yen.Says the company reaffirmed the consolidated full-year outlook for revenue as 120,000 million yen for the fiscal year ending March 31, 2016.Sees an increase of full-year operating profit forecast to 11,000 million yen from 10,500 million yen.Sees an increase of full-year ordinary profit forecast to 11,000 million yen from 10,500 million yen.Sees an increase of full-year net profit forecast to 7,000 million yen from 6,500 million yen.Sees an increase of full-year earnings per share to 65.50 yen from 60.82 yen.Comments that increased sales of new energy and environment business, as well as life cycle engineering business is the main reason for the forecast.FY 2016 revenues of 122.00 billion yen, net profit of 6.89 billion yen – Thomson Reuters I/B/E/S.

Nissin Electric Co Ltd amends consolidated mid-year outlook for FY 2015

Nissin Electric Co Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 44,360 million yen from 45,000 million yen for FY ending March 2015.Operating profit forecast increased to 1,400 million yen from 700 million yen.Ordinary profit forecast increased to 1,560 million yen from 700 million yen.Net profit forecast increased to 760 million yen from 400 million yen.Earnings per share increased to 7.11 yen from 3.74 yen.Comments the delay in recognition of revenue is the main reason for the forecast.

Nissin Electric Co Ltd to Pay Mid-term Dividend for FY 2014; to Merge with Subsidiary

Nissin Electric Co Ltd announced that it will pay a mid-term dividend of JPY 6.00 per share (JPY 641 million in total) for fiscal year ending March 2014, above the latest dividend forecast of JPY 5.00 per share, to all the shareholders as a record of September 30, 2013, effective December 6, 2013. The Company will merge with a wholly owned subsidiary EcoTron CO.,LTD., which has been engaged in development, manufacture and sale of epitaxial film for silicon carbide semiconductor in Kyoto, effective January 1, 2014. As a result, the Company will be the surviving company and the subsidiary will be dissolved.

Nissin Electric Co Ltd Amends Mid-year and Full-year Consolidated Outlook for FY 2014

Nissin Electric Co Ltd announced that it has lowered its mid-year consolidated outlook for revenue from JPY 50,000 million to JPY 47,503 million, and raised its mid-year consolidated outlook for operating profit from JPY 1,500 million to JPY 3,137 million, ordinary profit from JPY 1,500 million to JPY 3,053 million, net profit from JPY 700 million to JPY 1,668 million, and earnings per share from JPY 6.55 to JPY 15.61, for the fiscal year ending March 31, 2014. The Company has reaffirmed its full-year consolidated outlook for revenue of JPY 110,000 million, and raised its full-year consolidated outlook for operating profit from JPY 8,000 million to JPY 9,000 million, ordinary profit from JPY 8,000 million to JPY 9,000 million, net profit from JPY 4,800 million to JPY 5,500 million, and earnings per share from JPY 44.91 to JPY 51.46, for the same fiscal year. The Company lowered its mid-year consolidated outlook for revenue mainly due to the postponed revenue to the second half of fiscal year 2014, and raised its consolidated outlook for operating profit, ordinary profit and net profit mainly due to the cost reduction and sales of ion implantation system. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 109,830 million, operating profit of JPY 8,900 million and net profit of JPY 5,500 million, for the same fiscal year.

Nissin Electric Co Ltd to Merge with Subsidiary

Nissin Electric Co Ltd announced that it has decided to merge with a wholly owned subsidiary, Nissin Power Distribution Systems Co.,Ltd., effective October 1, 2013. After this, the Company will be the surviving company and the subsidiary will be dissolved.

Nissin Electric Co Ltd Lowers Consolidated Mid-year Forecast for FY 2013

Nissin Electric Co Ltd announced that it has lowered the consolidated mid-year forecast for revenue from JPY 50,000 million to JPY 45,440 million, operating profit from JPY 2,000 million to JPY 1,245 million, ordinary profit from JPY 2,000 million to JPY 1,256 million, net profit from JPY 1,200 million to JPY 536 million and earning per share from JPY 11.23 to JPY 5.02 for the fiscal year ending March 31, 2013. The Company lowered the consolidated mid-year outlook due to decreased sales.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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