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Initiatives towards achieving management focused on capital costs and stock prices at Fellow Tech Holdings.
Fellow Tech Holdings <6890> announced on the 31st its efforts towards realizing management that is conscious of capital costs and stock prices. The recognition of the current situation for PBR (Price-to-Book Ratio) and ROE (Return on Equity) is that PBR has been below 1 from the 22 March year-end to the 24 March year-end and decreased significantly from the previous year's ROE, causing PBR for the 24 March year-end to fall to 0.68. Shareholders' capital cost calculated by CAPM (Capital Asset Pricing Model) is for the 24 March year-end.
Fellowtech---Establishment of a new company for silicon parts business in Malaysia, capital increase for existing subsidiaries and transfer to specific subsidiaries.
On the 18th, Ferrotec Holdings <6890> announced the establishment of Ferrotec Silicon (Malaysia) SDN BHD, a subsidiary for the manufacture of silicon parts in the southern region of Malaysia, as well as the construction of a new plant in the same area. The silicon parts business, which is one of the semiconductor material products, has grown rapidly in recent years due to the increasing demand for semiconductor manufacturing equipment. On the production side, in China, Hangzhou, Yinchuan,
Fellowtech --- a new company for metal processing outsourcing business in Changshan region of China (subsidiary) has been established.
Ferro Tech Holdings <6890> announced on the 18th that it has decided to establish a new company, Zhejiang Fulude Semiconductor Material Co., Ltd., which mainly engages in metal entrusted processing, in joint venture with FTAP, a subsidiary, and Changshan Government Investment Enterprise, as well as constructing a new plant in Changshan district. The new company will become a consolidated subsidiary of the company and is expected to exceed 10% of the company's capital stock, which falls under the category of specified subsidiaries. As a result of this, there will be an increase of 0.1 billion yuan.
FellowTech Holdings - construction of a new factory for sensor business subsidiary in Lishui, China.
Fellow Tech Holdings <6890> announced on the 18th that it will invest RMB 500 million 22.33 million (approximately JPY 1.6 billion) in the construction of a new plant at its Chinese sensor subsidiary, Zhejiang Fulede Sensing Technology Co., Ltd. (hereinafter "FTSL"). Furthermore, until December 15, 2023, FTSL's name was known as Zhejiang Fulede Information Technology Co., Ltd., but was officially changed to Zhejiang Fulede Sensing Technology Co., Ltd., which was also announced. The construction of the building will begin in July 2024.
The next generation iPhone has a shipping target of over 90 million units within this year.
Apple aims to ship at least 90 million units of its next-generation smart phone, the iPhone 16, in the later half of this year, according to sources. The company reportedly informed its suppliers and partner companies that it aims for a 10% increase in shipment volume compared to the previous model. <4005> Sumitomo Chemical <5201> AGC <5802> Sumitomo Electric Industries
FellowTech has withdrawn its application for listing on the Star Market of the Shanghai Stock Exchange via CCMC.
Ferro Tech Holdings <6890> announced on the 4th that its semiconductor wafer equity method related company, Hangzhou Zhongxin Jingyuan Semiconductor Stock (CCMC), withdrew its listing application to the Star Market of the Shanghai Stock Exchange, and the exchange announced the end of the listing review on the 3rd. With the strict review of IPO by China Securities Regulatory Commission in recent times, it was comprehensively determined based on the response to the requirements of the Shanghai Stock Exchange. CCMC will continue to resume its stock listing application at an appropriate time.
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