Key Developments: Full Speed Inc (2159.T)
33,850JPY
23 May 2013
¥-4,250 (-11.15%)
¥40,300
¥38,800
¥39,000
¥33,700
2,215
1,590
¥49,800
¥17,200
Latest Key Developments (Source: Significant Developments)
Full Speed Inc Amends Consolidated Full-year Outlook for FY 2013
Full Speed Inc announced that it has lowered its consolidated full-year outlook for revenue from JPY 11,000 million to JPY 10,700 million, operating profit from JPY 700 million to JPY 570 million and ordinary profit from JPY 640 million to JPY 540 million, but raised the outlook for net profit from a loss of JPY 250 million to a loss of JPY 230 million and earning per share from a loss of JPY 1,699.52 to a loss of JPY 1,544.30, for the fiscal year ended April 2013. The Company lowered the outlook due to the decreased sales, among others. Full Article
Full Speed Inc Announces Business Alliance with Ahrefs Pte. Ltd.
Full Speed Inc announced that is has formed a business alliance with Ahrefs Pte. Ltd., which is engaged in development and operation of search engine optimization tools in Singapore, on January 29, 2013. Through the business alliance, the two companies will work together on the development of rating technology and the sale of Ahrefs’ product Ahrefs Site Explorer (ASE) in Japan market. Full Article
Full Speed Inc Expects Extraordinary Loss for Q2 of FY 2013; Amends Consolidated Full-year Forecast for FY 2013; to Issue New Shares; FreeBit Co.,Ltd to Acquire Shares of Full Speed Inc
Full Speed Inc announced that it expects JPY 734 million extraordinary loss on provision of allowance for doubtful accounts for the second quarter of the fiscal year ending April 2013. The Company has affirmed the consolidated full-year forecast for revenue of JPY 11,000 million, operating profit of JPY 700 million, ordinary profit of JPY 640 million and lowered the forecast for net profit (loss) from JPY 490 million to JPY (250 million) and earning (loss) per share from JPY 3,331.07 to JPY (1,699.52) for the fiscal year ending April 30, 2013. The Company has decided to issue 5,200 shares at the price of JPY 19,150 per share, or JPY 99,580,000 in total, to FreeBit Co.,Ltd, through private placement on December 26, 2012. FreeBit Co.,Ltd. has decided to acquire up to 15,000 shares (10.2% stake), or up to JPY 350 million of Full Speed, during the period from December 11, 2012 to June 10, 2013. Full Article
Full Speed Inc Issues FY 2013 Outlook
Full Speed Inc announced that it has issued its consolidated mid-year outlook for revenue of JPY 5,130 million, operating profit of JPY 250 million, ordinary profit of JPY 220 million, net profit of JPY 150 million and earning per share of JPY 1,019.71 for the fiscal year ending April 30, 2013. The Company also issued its consolidated full-year outlook for revenue of JPY 11,000 million, operating profit of JPY 700 million, ordinary profit of JPY 640 million, net profit of JPY 490 million and earning per share of JPY 3,331.07 for the fiscal year ending April 30, 2013. Full Article
Full Speed Inc. to Sell Subsidiary to FreeBit Co Ltd; Announces Extraordinary Profit for Q3 of FY 2012
Full Speed Inc. announced that it has decided to sell 6,846 shares of its wholly owned subsidiary, Bekkoame Internet Co., Ltd., which engages in the data center business and e-commerce business, to FreeBit Co Ltd, which is parent company of Full Speed, for JPY 855 million in total effective April 30, 2012. As a result, Bekkoame Internet will become a wholly owned subsidiary of FreeBit. Following this, Full Speed expects to record a JPY 104 million extraordinary profit on the selling of Bekkoame Internet, for the third quarter of the fiscal year ending April 2012. Full Article
Full Speed Inc. Raises Consolidated Full-year Outlook for FY 2012; Expects Extraordinary Loss for Q2 of FY 2012
Full Speed Inc. announced that it has raised the consolidated full-year outlook for revenue from JPY 8,531 million to JPY 9,400 million, operating profit from JPY 327 million to JPY 420 million, ordinary profit from JPY 274 million to JPY 360 million, net profit from JPY 195 million to JPY 200 million and earning per share from JPY 1,329.34 to JPY 1,359.62 for the fiscal year ending April 30, 2012. The positive outlook is mainly due to reduce of costs and improvement of business performance. The Company also announced that it is expecting an extraordinary loss of JPY 44 million, as loss on the evaluation of invested securities, for the second quarter of fiscal year ending April 30, 2012. Full Article
Full Speed Inc. to Sell Wholly Owned Subsidiary; Expects Second Quarterly Extraordinary Loss for FY Ending April 2012
Full Speed Inc. announced that it will sell 1,000 shares of its wholly owned subsidiary, which is mainly engaged in the coin-operated parking businesses in Tokyo, Japan, at the price of JPY 70 million, effective January 20, 2012. As a result, the Company will hold no stakes in the subsidiary, down from 100% (1,000 shares). The Company also expects to record JPY 22 million loss on sale of investment securities of subsidiary as extraordinary loss for the second quarter of fiscal year ending April 2012. Full Article
Full Speed Inc. Raises Consolidated Mid-year Outlook for FY Ending April 2012
Full Speed Inc. announced that it has raised its consolidated mid-year outlook for revenue from JPY 5,300 million to JPY 6,200 million, operating profit from JPY 130 million to JPY 250 million, ordinary profit from JPY 95 million to JPY 220 million, net profit from JPY 50 million to JPY 120 million and earning per share from JPY 339.90 to JPY 815.77 for the fiscal year ending April 2012. The is due to the Internet marketing services. Full Article
Full Speed Inc. Lowers Consolidated Full-year Forecast for FY 2012
Full Speed Inc. announced that it has lowered the consolidated full-year forecast for revenue from JPY 11,000 million to JPY 8,531 million, operating profit from JPY 510 million to JPY 327 million, ordinary profit from JPY 450 million to JPY 274 million, net profit from JPY 350 million to JPY 195 million and earning per share from JPY 2,379.33 to JPY 1,329.34 for the fiscal year ending April 30, 2012. The Company lowered the consolidated full-year outlook due to change in fiscal year end from July 31 to April 30, as announced on September 27, 2011. Full Article
Full Speed Inc. Announces Changes in Fiscal Year End Date and Accounting Firm
Full Speed Inc. announced that it will change its fiscal year end date from July 31st to April 30th, effective October 27, 2011. The Company also appointed Deloitte Touche Tohmatsu, who will replace KPMG AZSA & Co., as its accountant, effective October 27, 2011. Full Article
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