Market Closed - Japan Exchange Other stock markets | 5-day change | 1st Jan Change | ||
1,825.00 JPY | -0.79% | -2.95% | +52.46% |
Aug. 07 | NHK Spring Co., Ltd. Revises Consolidated Earnings Guidance for the First Half Ending September 30, 2024 and Full Year Ending March 31, 2025 | CI |
Jun. 27 | NHK Spring Co., Ltd Announces Voting Results | CI |
April 01, 2015 at 02:53 pm EDT
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TDK Corporation has announced that its Hong Kong-based HDD head manufacturing wholly owned subsidiary, SAE Magnetics (H.K.) Ltd. (hereinafter SAE) entered into an agreement with NHK Spring Co., Ltd. (hereinafter NHK) to terminate their joint venture in NAT Peripheral (H.K.) Co., Ltd. (hereinafter NAT) established in 2003, which is engaged in HDD suspension manufacturing and to transfer SAEs holding share in NAT to NHK on March 31, 2015. NAT becomes wholly owned subsidiary company of NHK by this agreement. Reason for joint venture dissolution in response to start manufacturing of HDD Suspension in China, the general support from SAE, who had company running know-how in China, had been necessary, and thus SAE had participated in the joint venture.
Now that 11 years have passed since JV establishment, it is agreed to terminate the joint venture in China, having achieved the results regarding the operational support from SAE. Other than this matter will have an insignificant impact on TDK's consolidated financial results.
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© S&P Capital IQ - 2015
Latest news about NHK Spring Co., Ltd.
NHK Spring Co., Ltd. Revises Consolidated Earnings Guidance for the First Half Ending September 30, 2024 and Full Year Ending March 31, 2025 | Aug. 07 | CI |
NHK Spring Co., Ltd Announces Voting Results | Jun. 27 | CI |
NHK Spring Concludes 18 Billion Yen Share Buyback | May. 22 | MT |
Tranche Update on NHK Spring Co., Ltd.'s Equity Buyback Plan announced on February 13, 2024. | May. 21 | CI |
NHK Spring Co., Ltd.'s Equity Buyback announced on February 13, 2024, has closed with 11,698,400 shares, representing 5.23% for ¥17,999.9 million. | May. 19 | CI |
NHK Spring Co., Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2025 | May. 15 | CI |
NHK Spring Buys Back 6 Billion Yen Worth of Shares | May. 07 | MT |
NHK Spring Board Opposes Shareholder's Stock Compensation Proposal | May. 07 | MT |
NHK Spring Co., Ltd Opposes Shareholder Proposal | May. 07 | CI |
Tranche Update on NHK Spring Co., Ltd.'s Equity Buyback Plan announced on February 13, 2024. | Apr. 02 | CI |
Morgan Stanley Downgrades NHK Spring to Equalweight from Overweight, Price Target is 1,400 Yen | Mar. 06 | MT |
Japanese Shares Swing Back to Red After Tokyo Inflation Data | Mar. 05 | MT |
NHK Spring Reacquires Over 3 Billion Yen of Shares in February | Mar. 05 | MT |
Japanese Shares Track Wall Street Lower as US Inflation Slows Lesser Than Expected | Feb. 14 | MT |
NHK Spring Co., Ltd. Provides Consolidated Earnings Guidance for Full Year of Fiscal Year Ending March 31, 2024 | Feb. 13 | CI |
NHK Spring Co., Ltd. Revises Consolidated Earnings Guidance for the Full Fiscal Year Ending March 31, 2024 | Feb. 13 | CI |
NHK Spring Co., Ltd. announces an Equity Buyback for 12,000,000 shares, representing 5.3% for ¥18,000 million. | Feb. 13 | CI |
NHK Spring Co., Ltd. authorizes a Buyback Plan. | Feb. 12 | CI |
Nhk Spring Co., Ltd. Announces Management Changes | Jan. 25 | CI |
NHK Spring Co., Ltd. Provides Consolidated Earnings Guidance for the Full Fiscal Year Ending March 31, 2024 | Nov. 13 | CI |
Nhk Spring Co., Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2024 | 23-08-10 | CI |
NHK Spring Co., Ltd. Reports Earnings Results for the Full Year Ended March 31, 2023 | 23-05-15 | CI |
NHK Spring Co., Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2024 | 23-05-15 | CI |
SkyDrive Inc. announced that it has received funding from a group of investors | 23-04-05 | CI |
Tranche Update on NHK Spring Co., Ltd.'s Equity Buyback Plan announced on March 6, 2023. | 23-03-06 | CI |
Chart NHK Spring Co., Ltd.
5991: Dynamic Chart
Company Profile
NHK SPRING CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of suspension springs, seat products and automobile-related products. It has four business segments. The Suspension Springs segment manufactures and sells coil springs, board springs, stabilizers, torsion bars, stabilizer links, bellows, and stabilizer linkers. The Seating segment offers automobile seats, seat-related products, as well as interior equipment. The Precision Component segment offers suspensions for hard disk drives (HDDs), mechanism parts for HDDs, wire springs, lamella springs, probe units for liquid crystal and semiconductor checking, as well as precision processed goods. The Industrial Equipment segment manufactures and sells brazing goods, ceramic products, spring mechanism goods, piping support installations, parking systems, polyurethane products, security products, lighting apparatus and golf shafts and others.
Employees
17,739
Sector
Calendar
2024-11-12 - Q2 2024 Earnings Release
More about the company
Income Statement and Estimates
More financial data
Ratings
Trading Rating
Investor Rating
ESG Refinitiv
C
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Analysts' Consensus
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
1,825.00JPY
Average target price
1,950.00JPY
Spread / Average Target
+6.85%
Consensus
Profit revisions
Estimate revisions
Quarterly earnings, Rate of surprise
Company calendar
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- News NHK Spring Co., Ltd.
- SAE Magnetics (H.K.) Ltd. and NHK Spring Co., Ltd. Announce Termination of Joint Venture in NAT Peripheral (H.K.) Co., Ltd