Nov 1(Reuters) - Toyo Denki Seizo KK <6505.T>:Says it completes repurchase of 500,000 shares of its common stock, representing 5.3 percent of outstanding.Shares repurchased at the price of 798.5 million yen in total, on Nov. 1.
Nov 14 (Reuters) - Toyo Denki Seizo KK <6505.T>:Says it will jointly boost capital at China-based unit, which is engaged in manufacture and sale of electrical products for vehicles, to 22 million yuan .Says it will raise stake in the China-based unit to 51 percent after transaction .
Toyo Denki Seizo KK <6505.T>: Says the co plans to buy property in Shiga prefecture for construction of new plant . Says the new plant will undertake the production of motor inverters .Says the total investment to reach 7 billion yen.
Toyo Denki Seizo KK <6505.T>: Says it repurchased 952,000 shares for 299,860,000 yen in total as of Aug. 12 .Says previous release disclosed on July 25.
Toyo Denki Seizo KK <6505.T> :Says it plans to buy back up to 1 million shares (2.07 percent outstanding) for up to 300 million yen, from July 26 to Sep. 21.
Toyo Denki Seizo KK:Says the company lowered the consolidated full-year outlook for revenue to 41,000 mln yen from 44,000 mln yen for the fiscal year ending May 31, 2016.Sees a decrease of operating profit forecast to 1,700 mln yen from 2,100 mln yen.Sees a decrease of ordinary profit forecast to 1,600 mln yen from 2,200 mln yen.Sees a decrease of net profit forecast to 1,000 mln yen from 1,400 mln yen.Sees a decrease of earnings per share to 20.75 yen from 29.05 yen.Comments the delay of orders, increased design cost and exchange loss are the main reasons for the forecast.
Toyo Denki Seizo KK:Says its current chairman of the board Hiroshi Tsuchida to retire on Aug. 27.
Toyo Denki Seizo KK:To acquire a plot of land in Shiga, Japan for construction of plant, from Shiga Prefecture Land Development Public Corporation, at 1,112 mln yen in March 2017.
Toyo Denki Seizo KK announced that it has conducted an internal investigation for problems identified by Mainichi Newspaper, covering area of shim quality, mold procurement process and embezzlement activities of employees. According to the result, problems were found in mold procurement process but no shim quality problem or embezzlement activities were found in the investigation.
Toyo Denki Seizo KK announced that it has appointed Hiroshi Tsuchida as Chairman of the Board and Representative Director, and Kenzo Terashima as President and Representative Director, effective August 27, 2013.