Nihon Dempa Kogyo <6779.T>-2009/10 group forecast

The following are various forecasts from Reuters before the December 7, explosions at Belvidere.

Thu Nov 5, 2009 10:00pm EST

   Nov 6 (Reuters) -NIHON DEMPA KOGYO CO LTD

             CONSOLIDATED EARNINGS ESTIMATES
 (in billions of yen unless specified)

             Full year to     Full year to

             March 31,2010    March 31,2010

             LATEST           PREVIOUS

             FORECAST         FORECAST
 Sales             51.50            50.00   
 Operating          4.20             3.50   
 Recurring          3.60             2.50   
 Net                3.50             2.00   

 NOTE - Nihon Dempa Kogyo Co Ltd is a leading manufacturer
of quartz electronic parts.  

 For latest earnings estimates made by Toyo Keizai, please
double click on 6779.TK1

Research a stock:Latest Key Developments

NIHON DEMPA KOGYO CO., LTD. Expects Extraordinary Loss and Raises Full-year Consolidated Outlook for FY Ending March 31, 2010

Thursday, 5 Nov 2009 10:00pm EST

NIHON DEMPA KOGYO CO., LTD. announced that it expects to record a JPY 959 million extraordinary loss caused by the accommodation expenses, for the second quarter of the fiscal year ending March 31, 2010. The Company announced that it has raised its full-year consolidated outlook for revenue from JPY 50,000 million to JPY 51,500 million, operating profit from JPY 3,500 million to JPY 4,200 million, ordinary profit from JPY 2,500 million to JPY 3,600 million, net profit from JPY 2,000 million to JPY 3,500 million and earning per share from JPY 101.88 to JPY 178.30, for the fiscal year ending March 31, 2010. The Company raised its full-year consolidated outlook mainly due to the increased sales, decreased price and improved exchange profit and loss. 

NIHON DEMPA KOGYO CO., LTD. to Increase Investment in Subsidiary; Announces Waiver of Debt

Friday, 21 Aug 2009 02:00am EDT

NIHON DEMPA KOGYO CO., LTD. announced that it has decided to acquire 50,000 shares of its Miyazaki Prefecture-based subsidiary's newly-issued common stock, at the price of JPY 100,000 per share and JPY 5 billion in total, through private placement, on August 31, 2009. After the transaction, the Company's stake in the subsidiary, which is engaged in the manufacture and sale of crystal devices, will be still 100%. The Company also waived JPY 2 billion debt for the Miyazaki Prefecture-based subsidiary. 

NIHON DEMPA KOGYO CO., LTD. Raises Consolidated Mid-year Outlook for FY Ending March 2010

Wednesday, 5 Aug 2009 02:00am EDT

NIHON DEMPA KOGYO CO., LTD. announced that it has raised its consolidated mid-year outlook for revenue from JPY 24,000 million to JPY 25,000 million, operating profit from JPY 1,500 million to JPY 3,000 million, ordinary profit from JPY 1,000 million to JPY 2,700 million, net profit from JPY 800 million to JPY 3,000 million and earning per share from JPY 40.75 to JPY 152.82 for the fiscal year ending March 2010. This is due to the more-than-expected sales and decreased loss on appraisal of inventories. 

NIHON DEMPA KOGYO CO., LTD. Expects Extraordinary Losses; Lowers Year-end Dividend Forecast

Monday, 11 May 2009 02:00am EDT

NIHON DEMPA KOGYO CO., LTD. announced that the Company expects JPY 8,562 million extraordinary loss on impairment, as well as JPY 4,280 million extraordinary loss on revaluation of inventories for the third quarter of the fiscal year ended March 31, 2009. The Company has also lowered the year-end dividend forecast from JPY 10.00 per share to JPY 0.00 per share for the same fiscal year. 

NIHON DEMPA KOGYO CO., LTD. Lowers Consolidated Full-year Outlook and Year-end Dividend Outlook for FY Ending March 31, 2009

Friday, 6 Feb 2009 01:00am EST

NIHON DEMPA KOGYO CO., LTD. announced that it has lowered its consolidated full-year outlook for revenue from JPY 68,000 million to JPY 58,000 million, operating profit (loss) from JPY 1,300 million to JPY (3,500 million), ordinary profit (loss) from JPY 1,500 million to JPY (3,000 million), net profit (loss) from JPY 900 million to JPY (11,500 million) and earning per share (loss) from JPY 45.85 to JPY (585.82) for the fiscal year ending March 31, 2009. The Company lowered its consolidated full-year outlook due to the recording of JPY 7,860 million impairment loss as extraordinary loss and the influence of the finance crisis. According to Reuters Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 59,000 million and net profit (loss) of JPY (11,500 million). The Company also lowered its year-end dividend outlook from JPY 25.00 per share, which was announced on May 8, 2008, to JPY 10.00 per share, for the same fiscal year. 

NIHON DEMPA KOGYO CO., LTD. Lowers Consolidated Mid-year and Full-year Outlook for FY Ending March 31, 2009

Friday, 24 Oct 2008 02:00am EDT

NIHON DEMPA KOGYO CO., LTD. announced that it has lowered its consolidated mid-year outlook for revenue from JPY 37,500 million to JPY 35,600 million, operating profit from JPY 1,600 million to JPY 930 million, ordinary profit from JPY 1,600 million to JPY 1,020 million and net profit from JPY 1,000 million to JPY 690 million for the first half of the fiscal year ending March 31, 2009. The Company also lowered its consolidated full-year outlook for revenue from JPY 79,000 million to JPY 68,000 million, operating profit from JPY 3,900 million to JPY 1,300 million, ordinary profit from JPY 3,900 million to JPY 1,500 million and net profit from JPY 2,500 million to JPY 900 million for the fiscal year ending March 31, 2009. This is mainly due to downturn of mobile phone, digital appliance and auto mobile's need, as well as the increased primary material's cost. According to Reuters Estimates, the Company is expected to report full-year revenue of JPY 76,300 million, operating profit of JPY 3,900 million and net profit of JPY 2,600 million. 

NIHON DEMPA KOGYO CO., LTD. Issues H1 2009 Guidance Below Analysts' Estimates; EPS In Line With Analysts' Estimates; Reaffirms FY 2009 Guidance

Tuesday, 5 Aug 2008 02:00am EDT

NIHON DEMPA KOGYO CO., LTD. announced that for first half 2009, it expects net sales of JPY37,500 million, operating income of JPY1,600 million, net income of JPY1,000 million and earnings per share (EPS) of JPY 50.94. The Company also announced there was no change in figures of forecast for fiscal 2009. The Company expects net sales of JPY79,000 million, operating income of JPY 3,900 million, net income of JPY2,500 million and EPS of JPY127.35. According to Reuters Estimates, analysts were expecting the Company to report revenue of JPY37,650 million, operating profit of JPY1,880 million, net income of JPY1,260 million and EPS of JPY50.94 for first half 2008; revenue of JPY79,000 million for fiscal 2009. 

NIHON DEMPA KOGYO CO., LTD. to Dissolve Sub-subsidiary in France

Tuesday, 27 May 2008 12:00am EDT

NIHON DEMPA KOGYO CO., LTD. announced that it has decided to dissolve its sub-subsidiary, NDK FRANCE SARL, which is engaged in sales of crystal oscillator in France, in August 2008. The sub-subsidiary is owned 99.96% by its wholly owned subsidiary, NDK EUROPE LTD., and the business in the NDK FRANCE will remain as a branch of NDK EUROPE in France. 

NIHON DEMPA KOGYO CO., LTD. Completes Share Repurchase

Sunday, 2 Mar 2008 10:00pm EST

NIHON DEMPA KOGYO CO., LTD. announced that it has completed share repurchase, which was announced on December 21, 2007. The Company repurchased 402,300 shares of its common stock at the price of JPY 1,580,356,000 in total, during the period from January 4, 2008 to February 29, 2008. 

Explosion at a manufacturing plant of our affiliated company in U.S.

Here is slightly more informative posting form NDK in Japan regarding the impact of the Belvidere plant.  See the embolden text—that section appears to be new.

 

  - Report on the present situation on December 10, 2009 (local time) -

Dec 11,2009

   An explosion occurred at NDK Crystal Inc., our affiliated company in Illinois, U.S.A., at approximately 2:30 p.m., December 7, 2009 (local time). We report on the outline of the accident confirmed on December 10 (local time) and the expected impact on our future operations.

   We express our heartfelt condolences to the victim and sincere sympathy to the bereaved family. We are investigating the causes of this accident and will inform you of the conclusion of the investigation as soon as it is reached.

1.
Outline of the accident and the situation of damage

(1) Date
Around 2:30 p.m., December 7, 2009 (local time)

(2) Site
Premise of NDK Crystal Inc.

(3) Situation of damage
An explosion at NDK Crystal Inc. destroyed parts of the production facilities at the plant and killed a man in a nearby area. Local officials have not confirmed any other injuries. No plant employees were injured.
NDK Crystal Inc. leases office space to an affiliate, NDK America, Inc., which sells NDK Group products. The office area of NDK America, Inc. is not badly damaged.

(4) Causes
Under investigation

(5) Amount of damage
We expect that the damage to NDK Crystal Inc.'s production facilities and plant building will have a negligible impact on our financial results for the year ended March 2010 because such facilities and plant building have almost been fully depreciated. At this time, we are unable to determine at this time the amount of damage to the physical structures.
We are unable to determine what claims may arise from the explosion. We are investigating all of the possible damages and losses.
The sum of the book value of NDK Crystal, Inc.'s inventory assets and that of the in-use fixed assets is about 50 million yen (as of the end of October).

(6) Resumption of production
To be announced

2.
Others

   The main product of NDK Crystal Inc. is synthetic quartz crystal. We believe we can maintain a stable supply of such products because we have sufficient stock and the volume of synthetic quartz crystal production at our Sayama plant (a plant in Japan) accounts for a large share of the total production by the NDK Group.

Muslims Say F.B.I. Tactics Sow Anger and Fear

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Muslims Say F.B.I. Tactics Sow Anger and Fear - NYTimes.com

Chrysler Considers Challenge to Dealer Legislation - NYTimes.com

[FIAT’s]Marchionne said that restoring large numbers of dealerships could “cause havoc within Chrysler.” G.M. and Chrysler proposed their own review processes last week in an effort to keep Congress from getting involved.

“The offer that we made had all the elements of equity and fairness

Click on the following for more details and an update on GM/Chrysler’s federal loans:  Chrysler Considers Challenge to Dealer Legislation - NYTimes.com

How much do our township and county official actually make?

Below is the list of stipends and payments received by our public officials from the State of Illinois. 

The States Attorney and Public Defenders salaries are determined by the state, paid by the county and reimbursed by the state.  The other public officials listed have a salary set by the county and a stipend paid by the state in addition to this salary..

 

Click on the photocopy to enlarge.

Op-Ed Columnist - Pass the Health Care Bill - NYTimes.com

 

With all its flaws, the Senate health bill would be the biggest expansion of the social safety net since Medicare, greatly improving the lives of millions. Getting this bill would be much, much better than watching health care reform fail.

Click on the following for more details:  Op-Ed Columnist - Pass the Bill - NYTimes.com