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India

Kyosan Electric Manufacturing Co Ltd (6742.T)

6742.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kyosan Electric Manufacturing to merge with machinery and equipment unit
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Kyosan Electric Manufacturing Co Ltd <6742.T>:Says it plans to merge with its Zama-based wholly owned machinery and equipment unit, with effective date on April 1, 2018.Says unit will be dissolved after merger.  Full Article

Kyosan Electric Manufacturing lowers consolidated full-year outlook for FY 2016
Friday, 5 Feb 2016 

Kyosan Electric Manufacturing Co Ltd:Says the company lowered the consolidated full-year outlook for the FY ending March 2016.Revenue forecast decreased to 58,000 million yen from 63,000 million yen.Operating profit forecast decreased to 1,300 million yen from 2,800 million yen.Ordinary profit forecast decreased to 1,400 million yen from 2,600 million yen.Net profit forecast decreased to 750 million yen from 1,600 million yen.Earnings per share decreased to 11.96 yen from 25.51 yen.  Full Article

BRIEF-Kyosan Electric Manufacturing to merge with machinery and equipment unit

* Says it plans to merge with its Zama-based wholly owned machinery and equipment unit, with effective date on April 1, 2018