TYO:5334

4 stories mentioning TYO:5334Updated 16d ago

Every FINWIRES story that references TYO:5334, newest first.

Niterra Exits US Auto Components Business

Niterra (TYO:5334) has withdrawn the automotive components business of its U.S. subsidiaries, Wells Vehicle Electronics Holdings and Wells Vehicle Electronics LP, according to a Friday release.The move stemmed from a continued weakening in the segment's performance amid heightened market challenges.With the withdrawal, Niterra agreed to transfer Wells Vehicles Electronics' repair parts segment to Wells Vehicle Electronics AEM, a subsidiary created by Omega Acquisition specifically for the acquisition.The parties did not disclose the transfer's price and terms.Niterra sees a loss of about 15 billion yen in operating expenses from the business transfer and as provisions linked to the withdrawal from its automotive components business.However, the company expects a decline in corporate income taxes from the tax-deductiblelosses from the Wells subsidiaries' liquidation.The positive tax impact should exceed the operating expenses associated with the withdrawal, leading to an estimated rise of about 3 billion yen in profit for the current fiscal year.

TYO:5334

Asia25d ago

Niterra Plans 2-for-1 Stock Split; Revises Dividend Forecast

Niterra (TYO:5334) has planned a two-for-one stock split effective Oct. 1, aiming to lower the price per investment unit and expand its investor base, according to a bourse filing on Friday.Following the split, total outstanding shares will increase to 398.5 million from 199.2 million, while total authorized shares will double to 780 million.The company will partially amend its articles of incorporation to reflect the increase in authorized shares, effective Oct. 1.In line with the stock split, Niterra has revised its dividend forecast for the fiscal year ending March 31, 2027, with the year-end dividend adjusted to 52.50 yen per share on a post-split basis, while the second-quarter dividend of 105.00 yen will be paid based on pre-split shares.

TYO:5334

Asia25d ago

Niterra's Profit Climbs in Fiscal Q1

Niterra (TYO:5334) recorded a rise in attributable profit in the first fiscal quarter to 97.3 billion yen from 23.9 billion yen a year prior.Basic EPS rose to 497.96 yen from 120.20 yen previously, according to a Friday Tokyo bourse filing.The ignition parts manufacturer's revenue increased to 203.7 billion yen from 169.9 billion yen in the year-ago period.The company said it has kept its forecast for the fiscal year ending March 31, 2027, unchanged from the forecast announced April 30.

TYO:5334

Asia117d ago

Niterra's Full-Year Profit Climbs to 112.9 Billion

Niterra's (TYO:5334) profit attributable to owners of the parent climbed to 112.9 billion yen for the fiscal year ended March 31 from 92.6 billion yen a year earlier.The ignition parts manufacturer's basic earnings per share increased to 570.43 yen from 466.34 yen a year ago, according to a Tokyo bourse filing on Thursday.Revenue rose to 731.2 billion yen from 653 billion yen in the prior year.It declared a final dividend of 112 yen per share for the fiscal year ended March 31.For the fiscal year ending March 31, 2027, the company expects attributable profit of 105 billion yen, EPS of 535.00 yen, and net sales of 790 billion yen.Niterra plans to pay interim dividend and year-end dividend of 105 yen per share, each, for the year, which is higher than the 93.00 yen interim and 112.00 yen year-end dividends paid in the year-ago period.

TYO:5334

Track with the FINWIRES app suite

FolioX

Track TYO:5334 in your portfolio

WheelAI

Analyze TYO:5334 options with the wheel strategy

StockInsider

See market sentiment on TYO:5334