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4-Traders Homepage  >  Equities  >  Tokyo  >  Alps Electric Co Ltd    6770   JP3126400005

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Alps Electric : Announcement of Changes in Management Representatives

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04/27/2012 | 12:49pm CEST

April 27, 2012

For Immediate Release

Company name: Alps Electric Co., Ltd

President: Masataka Kataoka

(Code 6770, TSE 1st Section) Inquiries to: Yasuhiro Nakai, Senior Manager

CSR Dept.

TEL (03)5499-8026(IR Direct)

Announcement of Changes in Management Representatives

The Board of Directors of Alps Electric Co., Ltd, at its meeting held on April 27, 2012, has decided a plan for changes to its management.
These changes are subject to approval at the Shareholders Meeting, scheduled on June 22, 2012, and shall take effect immediately thereafter.
Changes in Management Representatives :

Name

New Title

Current Title

Masataka Kataoka

Chairman

President & CEO

Toshihiro Kuriyama

President & CEO

Managing Director

Alps will increase enterprise value as well as corporate performance by rejuvenation of top management with having two representative directors.
Profile and Career Summary of the new President to be appointed : Name : Toshihiro Kuriyama
Date of Birth : April 25th, 1957

Business :

Apr. 1980

Joined Alps Electric Co., Ltd.

Jun. 2004

Director

Jun. 2011

Managing Director

Shareholdings in Alps 6,963 Shares

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Financials ( JPY)
Sales 2017 758 994 M
EBIT 2017 -
Net income 2017 30 780 M
Finance 2017 67 794 M
Yield 2017 1,35%
P/E ratio 2017 14,17
P/E ratio 2018 11,48
EV / Sales 2017 0,49x
EV / Sales 2018 0,43x
Capitalization 441 013 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 2 640  JPY
Spread / Average Target 19%
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Managers
NameTitle
Toshihiro Kuriyama President & Representative Director
Masataka Kataoka Chairman
Yasuo Sasao Managing Director & General Manager-Technology
Seishi Kai Managing Director, GM-Administration & IR Contact
Shuji Takamura Managing Director & General Manager-Production
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