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Latest Tokyo Brief coverage on TOYO DENKI SEIZO K.K.(TOYO ELECTRIC MFG.CO.,LTD.), tracking filings, financial news, and market signals from Japan.
TSE:6505
East Japan Railway is expanding its holding in century-old traction-equipment maker Toyo Denki Seizo to 20% of shares outstanding, a filing made as the supplier's full-year net profit rises 39.8% and its dividend climbs to ¥100 a share from ¥70.
East Japan Railway is lifting its holding in traction-equipment maker Toyo Denki Seizo to 20% through a ¥1.16bn treasury-share placement, and the supplier is sweetening its dividend even as it guides for a double-digit profit drop next year on China's rare-earth export curbs.