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SD Entertainment Inc (4650.T)

4650.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SD ENTERTAINMENT lowers consolidated mid-year outlook FY 2016 and expects extraordinary loss for H1 for FY 2016
Wednesday, 21 Oct 2015 09:00pm EDT 

SD ENTERTAINMENT Inc:Says the company lowered the consolidated mid-year outlook for revenue to 3,963 mln yen from 4,200 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 79 mln yen from 120 mln yen.Sees a decrease of ordinary profit forecast to a loss of 17 mln yen from 50 mln yen.Sees a decrease of net profit forecast to a loss of 79 mln yen from a loss of 10 mln yen.Sees a decrease of earnings per share to a loss of 9.13 yen from an undetermined value.Comments the restructuring of core businesses is the main reason for the forecast.Says it expects an extraordinary loss of 38 million yen recorded as loss on disposal of fixed assets for H1 of the fiscal year ending March 31, 2016.  Full Article