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Faith Inc (4295.T)

4295.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Faith raises consolidated full-year outlook for FY 2016
Wednesday, 10 Feb 2016 02:00am EST 

Faith Inc:Says the company increased the consolidated full-year outlook for revenue to 19,900 mln yen from 19,100 mln yen, for the fiscal year ending March 31, 2016.Operating profit forecast increased to 1,400 mln yen from 730 mln yen.Ordinary profit forecast increased to 1,380 mln yen from 720 mln yen.Net profit forecast increased to 630 mln yen from 360 mln yen.Earnings per share increased to 63.83 yen from 36.47 yen.  Full Article

Faith raises consolidated mid-year outlook and amends consolidated full-year outlook for FY 2016
Monday, 2 Nov 2015 02:00am EST 

Faith Inc:Says the company increased the consolidated mid-year outlook for revenue to 9,700 mln yen from 9,300 mln yen, for the fiscal year ending March 31, 2016.Operating profit forecast increased to 570 mln yen from 370 mln yen.Ordinary profit forecast increased to 580 mln yen from 380 mln yen.Net profit forecast increased to 310 mln yen from 175 mln yen.Earnings per share increased to 31.40 yen from 17.73 yen.Says the company lowered the consolidated full-year outlook for revenue to 19,100 mln yen from 20,000 mln yen for the fiscal year ending March 31, 2016.Operating profit forecast increased to 730 mln yen from 400 mln yen.Ordinary profit forecast increased to 720 mln yen from 380 mln yen.Net profit forecast increased to 360 mln yen from 150 mln yen.Earnings per share increased to 36.47 yen from 13.66 yen.Says profit outlook raised due to the sales promotion.Says full-year revenue outlook lowered due to the decrease in music distribution service business, profit outlook raised due to the cost reduction.  Full Article

Faith announces shareholding structure change
Thursday, 10 Sep 2015 03:30am EDT 

Faith Inc:Says its former top shareholder has cut voting power in the company to 15.74 pct (15,209 voting rights) from 47.30 pct (45,709 voting rights), and becomes the second major shareholder of the company.Says GENESIS Co, Ltd. raised voting power in the company to 31.56 pct (30,500 voting rights) from 0 pct, and becomes the top shareholder of the company.Changes occurred on Sep. 11.  Full Article

Faith announces takeover bid offered by GENESIS
Wednesday, 9 Sep 2015 08:30pm EDT 

Faith Inc:Announces GENESIS Co, Ltd. offered a takeover bid for 3,050,000 shares (31.56 pct stake) of the company's stock.Settlement date Sep. 10.  Full Article

Faith raises consolidated mid-year outlook for FY 2016
Friday, 4 Sep 2015 03:00am EDT 

Faith Inc:Says the company increased the consolidated mid-year outlook for revenue to 9,300 mln yen from 9,000 mln yen, for the fiscal year ending March 2016.Operating profit forecast increased to 370 mln yen from a loss of 100 mln yen.Ordinary profit forecast increased to 380 mln yen from a loss of 110 mln yen.Net profit forecast increased to 175 mln yen from a loss of 185 mln yen.Earnings per share increased to 17.73 yen from a loss of 16.84 yen.Comments the improved sales in business in Columbia, and cost reduction in point business are the main reasons for the forecast.  Full Article

Faith acquires business from subsidiary
Wednesday, 1 Jul 2015 03:00am EDT 

Faith Inc:Completes acquisition of development and production business of content delivery platform from wholly owned subsidiary Faith Wonderworks, Inc. on July 1.  Full Article

Faith updates share repurchase status
Thursday, 30 Apr 2015 03:00am EDT 

Faith Inc:Repurchased 127,900 shares for 201,673,900 yen in total from April 1 to April 30.Says this was part of the share repurchase plan announced on Dec. 5, 2014.  Full Article

Faith to acquire business from subsidiary
Tuesday, 28 Apr 2015 03:00am EDT 

Faith Inc:To acquire development and production business of content delivery platform from wholly owned subsidiary Faith Wonderworks, Inc. on July 1.  Full Article

Faith expects extraordinary loss for FY 2015
Tuesday, 28 Apr 2015 03:00am EDT 

Faith Inc:Says it expects an extraordinary loss of 2,040 million yen for FY ended March 2015.Says it expects an extraordinary loss of 129 million yen for FY ended March 2015.Says the loss is recorded for the impairment loss.Says the company raised the consolidated full-year outlook for revenue to 19,600 million yen from 18,200 million yen for FY ended March 2015.Sees a decrease of operating profit forecast to -900 million yen from -810 million yen.Sees a decrease of ordinary profit forecast to -900 million yen from -770 million yen.Sees a decrease of net profit forecast to -3,300 million yen from -920 million yen.Sees a decrease of earnings per share to -291.88 yen from -80.77 yen.Comments the higher-than-expected artist management business revenue and extraordinary loss are the main reasons for the forecast.  Full Article

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