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Latest Developments

Showa Manufacturing and unit to sell properties

Feb 22 (Reuters) - Showa Manufacturing Co Ltd <5953.FU>:Says it and unit will sell Fukuoka-based properties, with undisclosed price, effective March 13 .

Showa recalls part of gas spring products

Showa Corp <7274.T>:Says the co recalled part of gas spring products due to malfunction and will pay the compensation.

SHOWA lowers year-end dividend forecast for FY 2016

SHOWA CORP:Lowered year-end dividend forecast to 8 yen per share from 19 yen per share for FY ended March 2016.

SHOWA to pay year-end dividend for FY 2015

SHOWA CORP:To pay year-end dividend of 19 yen per share, above latest dividend forecast of 18 yen per share, for fiscal year ended March 2015.Record date March 31 and effective date June 29.

SHOWA announces application of IFRS

SHOWA CORP:To apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current Japan Accounting Standards, starting from the financial report for fiscal year ended March 2015.

SHOWA to sell property and expects extraordinary profit for FY 2016

SHOWA CORP:To sell a property located in Aichi, for 6,775 million yen, in January 2016.Expects extraordinary profit of about 6,700 million yen for FY ending March 2016.

SHOWA announces change of president

SHOWA CORP:Appoints Nobuyuki Sugiyama as president to replace Yoichi Hojo.Planned effective in late June.

SHOWA to establish subsidiary in China

SHOWA CORP:To establish a wholly owned subsidiary Showa (Guangzhou) Auto parts R&D CO., LTD. in China, which will be engaged in research and development of products, on Aug. 1.

SHOWA announces plea agreement with U.S Department of Justice; expects extraordinary loss for Q4 of FY 2014

SHOWA CORP:Entered into a plea agreement with the U.S. Department of Justice (DOJ), agreeing to pay a fine of $19.9 million based on charges that it violated the U.S. antitrust law in connection with a part of sales of certain automotive products (pinion assist type electrical power steering assemblies).Sees extraordinary loss of $19.9 mln caused by the payment, for the fourth quarter of fiscal year ended March 2014.

NIDEC CORP completes acquisition of Honda Elesys Co. from Honda Motor Co. Ltd, NEC Corp, Showa Corp and Nissin Kogyo Co., Ltd

NIDEC CORP:Completes the acquisition of all of the shares in Honda Elesys Co., Ltd from Honda Motor Co. Ltd, NEC Corp, Showa Corp and Nissin Kogyo Co., Ltd effective March 31.Elesys became a consolidated subsidiary of Nidec.

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