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Netyear Group Corp (3622.T)

3622.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Netyear Group lowers consolidated full-year outlook for FY 2016
Monday, 18 Apr 2016 02:30am EDT 

Netyear Group Corp:Says the company lowered the consolidated full-year outlook for revenue to 6,801 million yen from 7,500 million yen for FY ended March 2016.Sees a decrease of operating profit forecast to 146 million yen from 250 million yen.Sees a decrease of ordinary profit forecast to 143 million yen from 250 million yen.Sees a decrease of net profit forecast to 74 million yen from 150 million yen.Sees a decrease of earnings per share to 10.89 yen from 21.89 yen.Says sales decrease and provision for future losses on order contracts as reasons.  Full Article

Netyear Group announces changes in shareholding structure
Monday, 4 Apr 2016 04:00am EDT 

Netyear Group Corp:Says Konica Minolta Japan Co., Ltd. raised stake in the company to 31.08 pct (21,302 voting rights) from 0 pct on April 1.  Full Article

Netyear Group announces business and capital alliance with Konica Minolta Business Solutions Japan
Friday, 26 Feb 2016 02:30am EST 

Netyear Group Corp:Formed a business and capital alliance with Konica Minolta Business Solutions Japan Co., Ltd. on Feb. 26.Says two entities will cooperate on marketing services and to expand business, expansion of number of customers and improve the economics of business.Konica Minolta Business Solutions Japan will acquire 2,130,200 shares (31.08 pct voting rights) of the company's stock from TIS on March 28, for 2,267,065,350 yen.  Full Article

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