Nippon Chemi-Con Corp (6997.T)

6997.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nippon Chemi-Con says unit fined by Singapore's regulator
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Nippon Chemi-Con Corp <6997.T> ::Says its unit Singapore Chemi-con (PTE.) Ltd received fine penalty of S$6.99 million (about 600 million yen) by Singapore's regulator, due to violation of Singaporean competition law .  Full Article

R&I affirms Nippon Chemi-Con's rating at "BBB+" and says negative outlook -R&I
Tuesday, 26 Dec 2017 

Dec 26 (Reuters) - Nippon Chemi-Con Corp <6997.T>:Says Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB+" -R&I.Says rating outlook negative -R&I.  Full Article

Nippon Chemi-Con dissolves unit Chemi-Con Material Logistics
Tuesday, 4 Oct 2016 

Nippon Chemi-Con <6997.T>:Says it dissolves its wholly owned subsidiary Chemi-Con Material Logistics on Oct. 4.  Full Article

Nippon Chemi-Con receives cease-and-desist order and surcharge order
Tuesday, 29 Mar 2016 

Nippon Chemi-Con Corp:Received cease-and-desist order and surcharge order from Japan Fair Trade Commission on March 29, due to violation of antitrust law.Says it was required to stop the misconducts.Says it was also required to pay surcharge of 1,435,240,000 yen by Oct. 31.  Full Article

Nippon Chemi-Con expects extraordinary loss for Q3 2016 and lowers consolidated full-year outlook for FY 2016
Monday, 1 Feb 2016 

Nippon Chemi-Con Corp:Expects to record 722 million yen sanction payment as extraordinary loss for the third quarter of the fiscal year ending March 2016.Says the company lowered the consolidated full-year outlook for revenue to 117,000 million yen from 120,000 million yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 2,200 million yen from 4,000 million yen.Sees a decrease of ordinary profit forecast to 2,000 million yen from 3,800 million yen.Sees a decrease of net profit forecast to a loss of 7,000 million yen from 3,000 million yen.Sees a decrease of earnings per share to a loss of 42.96 yen from 18.41 yen.FY 2016 revenues of 120.94 billion yen, net profit of 3.32 billion yen – Thomson Reuters I/B/E/S.Comments that the decreased sales of household appliances and industrial machinery business is the main reason for the forecast.  Full Article

Nippon Chemi-Con indicted over price-fixing -U.S. Justice Dept

WASHINGTON, Oct 18 A federal grand jury indicted Japan's Nippon Chemi-Con Corp for its role in a wide-ranging and long-running conspiracy to fix prices for electrolytic capacitors sold to customers in the United States and elsewhere, the U.S. Justice Department said on Wednesday.