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Ube Industries Ltd (4208.T)

4208.T on Tokyo Stock Exchange

3,280JPY
19 Jan 2018
Change (% chg)

¥5 (+0.15%)
Prev Close
¥3,275
Open
¥3,300
Day's High
¥3,300
Day's Low
¥3,255
Volume
459,200
Avg. Vol
758,838
52-wk High
¥3,530
52-wk Low
¥2,370

Latest Key Developments (Source: Significant Developments)

Ube Industries, JSR and Mitsubishi Chemical announce start of new company for integration of ABS resin business
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - JSR Corp <4185.T>:Says it will start to set up a Tokyo-based company on April 1, for integration of ABS resin business, with UMG ABS, Ltd., which is equally owned by Ube Industries Ltd <<<4208.T>>> (50 percent) and Mitsubishi Chemical Corp (50 percent).Says the new company will be capitalized at 3 billion yen .Says it will hold 51 percent stake in the new company after transaction .  Full Article

R&I affirms Ube Industries rating at "A-" and says stable outlook -R&I
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Ube Industries Ltd <4208.T>:Says Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A-" -R&I.Says rating outlook stable -R&I.  Full Article

Ube Industries to transfer building material business to unit Ube Kenzai
Wednesday, 1 Nov 2017 

Nov 1(Reuters) - Ube Industries Ltd <4208.T>:Says it plans to transfer building material business to its wholly owned unit Ube Kenzai Corporation.,LTD, effective April 1, 2018.  Full Article

Mitsubishi Chemical and Ube Industries will merge chinese electrolyte operations next April - Nikkei
Friday, 14 Oct 2016 

Nikkei: Mitsubishi Chemical and Ube Industries will merge chinese electrolyte operations next April - Nikkei .Mitsubishi Chemical and Ube Industries will consider similar mergers in the U.S. And Europe later - Nikkei.  Full Article

Ube Industries to fully acquire unit Ube Film Company Ltd via stock swap
Tuesday, 7 Jun 2016 

Ube Industries Ltd <4208.T>: Says the co will fully acquire its 93.7-pct-owned unit Ube Film Company Ltd. through stock swap, with effective on June 24 . Says one share of Ube Film Company Ltd's stock will be exchanged with 16.075 shares of the company .Say the company's owned 93.7 percent stake in Ube Film Company Ltd will not be exchanged.  Full Article

JSR Corporation reaches basic agreement with Ube Industries and Mitsubishi Rayon to start negotiation for merger of units in ABS resin business
Monday, 9 May 2016 

JSR Corporation <4185.T> and Ube Industries <4208.T> : Says JSR's wholly owned unit TPC to merge with UMG ABS, which is a JV of Ube Industries and Mitsubishi Rayon .Says the parties to sign agreement on Oct. 31 and merger effective Oct. 1, 2017.  Full Article

Ube Industries expects extraordinary loss for FY 2016; revises consolidated full-year outlook for FY 2016
Friday, 29 Apr 2016 

Ube Industries Ltd:Says it expects an extraordinary loss of 5,861 million yen for FY ended March 2016.Says the loss is recorded for the impairment loss of fixed assets.Says the company lowered the consolidated full-year outlook for revenue to 641,700 million yen from 670,000 million yen for FY ended March 2016.Sees an increase of operating profit forecast to 41,400 million yen from 39,000 million yen.Sees an increase of ordinary profit forecast to 39,600 million yen from 38,500 million yen.Sees a decrease of net profit forecast to 19,100 million yen from 21,000 million yen.Sees a decrease of earnings per share to 18.05 yen from 19.85 yen.FY 2016 revenues of 663.88 billion yen, net income of 21.54 billion yen – Thomson Reuters I/B/E/S.Comments the low fuel prices and extraordinary loss are the main reasons for the forecast.  Full Article