Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00
Provider: Thomson Reuters Stock Report
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

SUNNY SIDE UP Inc Announces Sale of Stake in WIST INTERNATIONAL LIMITED by Subsidiary; Expects Extraordinary Loss for Q2 of FY 2014 and Lowers Mid-year and Full-year Consolidated Outlook for FY 2014


Friday, 15 Nov 2013 02:00am EST 

SUNNY SIDE UP Inc announced that its subsidiary wise integration co., ltd. will sell 60% stake in WIST INTERNATIONAL LIMITED for HKD 230,000 to four individuals on November 30, 2013. As a result, wise integration will hold no stake in WIST INTERNATIONAL. The Company expects the extraordinary loss of approximately JPY 50 million caused by loss on sale of stake, for the second quarter of fiscal year ending June 2014. The Company has lowered its mid-year consolidated outlook for revenue from JPY 7,756 million to JPY 6,842 million, operating profit from JPY 258 million to JPY 6 million, ordinary profit from JPY 257 million to JPY 10 million, net profit (loss) from JPY 162 million to JPY (48 million), and earnings (loss) per share from JPY 45.87 to JPY (13.66), for the fiscal year ending June 2014. The Company also has lowered its full-year consolidated outlook for revenue from JPY 13,920 million to JPY 12,700 million, operating profit from JPY 487 million to JPY 270 million, ordinary profit from JPY 488 million to JPY 277 million, net profit from JPY 287 million to JPY 120 million, and earnings per share from JPY 81.47 to JPY 34.00, for the same fiscal year. This is due to the sale of stake in WIST INTERNATIONAL and extraordinary loss caused by loss on the sale, as well as increase in personnel cost. 

Related Company News

Company Quote

965.0
-5.0 -0.52%
28 Aug 2014