Furukawa Co Ltd (5715.T)

5715.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

FURUKAWA to merge with two coal mining units
Monday, 25 Dec 2017 

Dec 25 (Reuters) - FURUKAWA Co Ltd <5715.T> ::Says it plans to merge with its two wholly owned Fukuoka-based coal mining subsidiaries, effective on April 1, 2018.Says the two units will be dissolved after transaction .  Full Article

FURUKAWA lowers consolidated full-year outlook for FY 2016
Friday, 5 Feb 2016 

FURUKAWA CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 161,500 mln yen from 170,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 7,500 mln yen from 9,000 mln yen.Sees a decrease of ordinary profit forecast to 6,000 mln yen from 7,500 mln yen.Sees a decrease of net profit forecast to 4,000 mln yen from 5,000 mln yen.Sees a decrease of earnings per share to 9.90 yen from 12.37 yen.Comments the decreased price of copper and sluggish in core businesses are the main reasons for the forecast.  Full Article

UPDATE 1-Japan's Mitsubishi Materials expects H2 copper output to rise 14 pct y/y

* Copper output to rise due to higher capacity at Onahama * Conducting 21 days of maintenance at Onahama from Oct. 21 * Gold output to rise due to higher slime supply from Indonesia (Adds comment, detail) TOKYO, Oct 2 Japan's Mitsubishi Materials Corp said on Monday it plans to produce 181,830 tonnes of refined copper during October-March, up 14 percent from the same period last year as it boosts its smelting capacity. Japan's third-biggest copper smelter expec