Key Developments: Gree Inc (3632.T)
991JPY
22 May 2013
¥-9 (-0.90%)
¥1,007
¥999
¥1,001
¥981
3,402,900
6,530,167
¥1,772
¥938
Latest Key Developments (Source: Significant Developments)
GREE, Inc. to Withdraw from China Market- NNA
NNA reported that GREE, Inc. announced that it will close down its Beijing-based wholly owned subsidiary in June 2013 and withdraw from China market. Full Article
GREE, Inc. Lowers Consolidated Full-year Forecast for FY 2013
GREE, Inc. announced that it has lowered the consolidated full-year forecast for revenue from a range of JPY 160,000 million-JPY 170,000 million to JPY 150,000 million, operating profit from a range of JPY 50,000 million0JPY 60,000 million to JPY 46,000 million, ordinary profit from a range of JPY 50,000 million-JPY 60,000 million to JPY 49 million, net profit from a range of JPY 31,000 million-JPY 37,000 million to JPY 24,000 million and earning per share from a range of JPY 133.02-JPY 158.77 to JPY 103.22 for the fiscal year ending June 30, 2013. The Company lowered the consolidated full-year outlook due to the aggravated order environment. Full Article
GREE, Inc. Decreases Stake in Enish Inc
Enish Inc announced that its top shareholder GREE, Inc. has decreased its stake in Enish Inc from a 14.03% stake (370,000 shares) to a 7.58% stake (200,000 shares), and became the third largest shareholder, effective May 9, 2013. Full Article
Enish Inc Cancels Old and Forms New Business Alliance with GREE, Inc.
Enish Inc announced that it has canceled the business alliance formed with GREE, Inc. on April 16, 2012, and has signed a new business alliance agreement with GREE, Inc. on April 23, 2013. Through the new agreement, GREE, Inc. will be in responsible for the promotion of the application based on the platform provided by GREE, Inc. The two companies will also start cooperation on social game business. Full Article
GREE, Inc. Announces Verdict of Appeal
GREE, Inc. announced that Supreme Court has denied all the requests filed by the Company in the appeal against previous verdict made by Intellectual Property High Court, regarding the lawsuit filed by the Company against DeNA Co., Ltd. and ORSO Inc. Full Article
GREE, Inc. to Establish Joint Venture with GREE, Inc.
GREE, Inc. announced that it has decided to establish a Tokyo-based joint venture, which will be engaged in the planning, development and sale of mobile contents, with GREE, Inc. on March 14, 2013. AltPlus and GREE will each hold a 51% and 49% stake in the joint venture. Full Article
R&I Assigns Rating on GREE, Inc. at "BBB"; Rating Outlook Stable
Rating and Investment Information, Inc. (R&I) announced that it has assigned rating on GREE, Inc. at "BBB". The rating outlook is stable. Full Article
GREE, Inc. Lowers Consolidated Full-year Outlook for FY 2013
GREE, Inc. announced that it has lowered its consolidated full-year outlook for revenue from JPY 195,000 million-JPY 205,000 million to JPY 160,000 million-JPY 170,000 million, operating profit from JPY 74,000 million-JPY 84,000 million to JPY 50,000 million-JPY 60,000 million, ordinary profit from JPY 74,000 million-JPY 84,000 million to JPY 50,000 million-JPY 60,000 million, net profit from JPY 46,000 million-JPY 52,000 million to JPY 31,000 million-JPY 37,000 million and earning per share from JPY 196.73-JPY 222.40 to JPY 133.02-JPY 158.77, for the fiscal year ending June 2013. This is due to the decreased sales, among others. Full Article
Enish Inc's Shareholder GREE, Inc. Changes Shareholding Position
Enish Inc announced that its top shareholder, Kii Corporation has become the 6th major shareholder, holding 8,000 shares (3.23% voting rights), down from 780,000 shares (32.15% voting rights). The 6th major shareholder, GREE, Inc., has become the major shareholder, holding 370,000 shares (14.94% voting rights), down from 640,000 shares (26.38% voting rights), effective December 11, 2012. This is due to Enish's new share Issuance and Kii Corporation's selling stock of Enish. Full Article
Yahoo Japan Corp Signs Comprehensive Business Alliance Agreement with GREE, Inc.
Yahoo Japan Corp and GREE, Inc. announced that the two companies have signed a comprehensive business alliance agreement on November 8, 2012. Based on the agreement, the two companies will collaborate in the social game business, the sharing and support of contents as well as corporate social responsibility. Full Article
Nikkei pulls back as firmer yen prompts profit-taking; Gree tumbles
* Market remains sensitive to forex comments * Gree falls 15.3 pct on poor earnings, outlook cut * Pullback seen as limited - trader By Sophie Knight TOKYO, Feb 13 - Japan's Nikkei share average lost ground on Wednesday as the yen jerked higher, triggering profit-taking on exporters, while social gaming company Gree Inc suffered a steep fall after cutting its annual profit forecast. The Nikkei dropped 1 percent to 11,251.41. Its decline widened in the afternoon as
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