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ecash corp to Take Out Loans; to Acquire ATLAS Co.,Ltd; Issues Consolidated Full-year Forecast for FY 2013


Thursday, 7 Feb 2013 03:30am EST 

ecash corp announced that it has decided to take out JPY 48,000,000 loans from a limited liability company, with interest rate of 3.5% per annual and maturity on February 7, 2014. The Company will use the proceeds to acquire ATLAS Co.,Ltd and as operation fund. The Company has decided to acquire 1,000 shares (100% stake) of ATLAS Co.,Ltd from an individual, for JPY 14,250,000, effective February 8, 2013. The Company has issued the consolidated full-year guidance for revenue of JPY 105,000 million, operating profit (loss) of JPY (120,000 million), ordinary profit (loss) of JPY (110,000 million) and net profit (loss) of JPY (145,000 million) for the fiscal year ending March 31, 2013. 

Company Quote

450.0
80.0 +21.62%
24 Oct 2014