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    6330   JP3607800004

TOYO ENGINEERING CORPORATION

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Toyo Engineering : Information on Award of Arbitration against Toyo Engineering Corporation and Toyo Engineering Canada Ltd.

09/27/2021 | 02:12am EDT

September 27, 2021

For Immediate Release

To Whom It May Concern

Toyo Engineering Corporation

Representative: Haruo Nagamatsu, Chief Executive Officer

Contact: Wataru Iida, General Manager of Corporate

Communications Department

TEL +81-47-454-1681

Information on Award of Arbitration against Toyo Engineering Corporation and Toyo

Engineering Canada Ltd.

This is to notify that Toyo Engineering Corporation and its subsidiary in Canada, Toyo Engineering Canada Ltd. (hereinafter collectively referred to as "Toyo") have received the award of the arbitration dated September 23, 2021 which was raised by Japan Canada Oil Sands Limited (hereinafter referred to as "JACOS") as notified by "Information of Arbitration against Toyo Engineering Corporation and Toyo Engineering Canada Ltd." on October 11, 2018, and that almost all the claims filed by JACOS are dismissed affirming our contestation. Little impact on our performance can be assessed.

Disclaimer

Toyo Engineering Corporation published this content on 27 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2021 06:11:10 UTC.


© Publicnow 2021
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Sales 2022 229 B 2 008 M 2 008 M
Net income 2022 2 067 M 18,1 M 18,1 M
Net Debt 2022 - - -
P/E ratio 2022 21,3x
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 873,00 JPY
Average target price 880,00 JPY
Spread / Average Target 0,80%
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Managers and Directors
Haruo Nagamatsu President & Representative Director
Kensuke Waki CFO, Director, Head-Finance & Accounting
Tomohisa Abe Chairman
Keisuke Ishii Chief Technology Officer
Masami Tashiro Independent Non-Executive Outside Director