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Netprice.com Ltd to Sell Stake in Moshimo Co., Ltd. and Expects Extraordinary Profit for FY 2014; Amends Q1 Consolidated Outlook for FY 2014


Thursday, 14 Nov 2013 02:00am EST 

Netprice.com Ltd announced that it will sell all the 451 shares (22.5% stake) in an associated company Moshimo Co., Ltd. to Dream Incubator Inc and an individual, on November 15, 2013. As a result, the Company expects the extraordinary profit of approximately JPY 92 million caused by gain on sale of the shares, for the fiscal year ending September 2014. The Company has reaffirmed its consolidated outlook for revenue of JPY 2,829 million~JPY 3,107 million, operating profit (loss) of JPY (140 million)~JPY 19 million, ordinary profit (loss) of JPY (146 million)~JPY 13 million, and amended its consolidated outlook for net profit (loss) from JPY (147 million)~JPY 7 million to JPY (55 million)~JPY 99 million, and earnings (loss) per share from JPY (1,316.95)~JPY 62.71 to JPY (492.73)~JPY 886.92, for the first quarter of fiscal year ending September 2014. This is due to the extraordinary profit for gain on sale of the shares. 

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