Key Developments: Full Speed Inc (2159.T)

2159.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Full Speed announces change of president
Tuesday, 17 Feb 2015 10:30pm EST 

Full Speed Inc:Appoints Koichi Tomomatsu as president to succeed Nobuaki Tanaka.Effective Feb. 18.  Full Article

Full Speed Inc expects extraordinary profit for Q2 of FY 2015
Wednesday, 17 Sep 2014 11:30pm EDT 

Full Speed Inc:Says it expects an extraordinary profit of 103 million yen for Q2 of FY ending April 2015.Says the profit was recorded as gain on selling of securities.  Full Article

Full Speed Inc expects extraordinary loss for FY 2014
Friday, 13 Jun 2014 02:00am EDT 

Full Speed Inc:Expects extraordinary loss of 20 million yen as impairment loss for FY ended April 2014.  Full Article

Full Speed Inc Announces Stock Split and Partial Change to Article of Incorporation of Authorized Share Number
Wednesday, 18 Sep 2013 02:00am EDT 

Full Speed Inc announced that it has decided to split one share of its stock into 100 shares, effective November 1, 2013. After the stock split, the total share outstanding will become 15,264,000. The Company has received approval from the shareholders meeting to make partial change to its article of incorporation. Based on change to article six, the Company will increase total number of authorized shares from 200,000 shares to 20,000,000 shares.  Full Article

Full Speed Inc Announces Extraordinary Loss for Q1 of FY 2014
Thursday, 12 Sep 2013 02:00am EDT 

Full Speed Inc announced that it will record a JPY 94 million extraordinary loss on the financial reports correction related expenses, for the first quarter of the fiscal year ending April 2014.  Full Article

Full Speed Inc Announces Result of Investigation on Dim Transaction and Improper Accounting Process of Former Subsidiary
Friday, 26 Jul 2013 10:55am EDT 

Full Speed Inc announced that it has received the result of the investigation on the dim transaction and improper accounting process of its former subsidiary, Bekkoame Internet Co., Ltd, from the special investigation committee of the Company. Based on the result, a total amount of JPY 524,320,000 sales was involved in the dim transaction and the improper accounting process of the former subsidiary.  Full Article

Full Speed Inc Makes Amendment to Previous Financial Statements
Thursday, 11 Jul 2013 05:45am EDT 

Full Speed Inc announced that it has made amendments to its previous financial statements for the fiscal year ended July 2008, July 2009, July 2010, July 2011 and April 2012. This is due to a investigation conducted by its parent company, FreeBit Co Ltd.  Full Article

Full Speed Inc Announces Settlement
Sunday, 7 Jul 2013 11:30pm EDT 

Full Speed Inc announced that it has come to a settlement with A&G Communications, Inc., regarding the lawsuit which A&G Communications, Inc. filed against the Company and its subsidiary. A&G Communications, Inc. dismissed its claims for damages of JPY 200 million.  Full Article

Full Speed Inc Announces Updates on Investigation and Expected Date of Announcement of Account Settlement
Wednesday, 26 Jun 2013 06:30am EDT 

Full Speed Inc announced that it is found out in the investigation that its subsidiary, Bekkoame Internet Co., Ltd, conducted improper accounting processing before becoming a subsidiary of the Company. The Company also announced the expected date of announcement of account settlement as July 11, 2013.  Full Article

Full Speed Inc Amends Consolidated Full-year Outlook for FY 2013
Friday, 17 May 2013 02:00am EDT 

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

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