Key Developments: Digital Garage Inc (4819.OS)
327,000JPY
21 May 2013
¥-19,000 (-5.49%)
¥346,000
¥340,000
¥344,500
¥323,000
3,815
7,567
¥407,500
¥122,700
Latest Key Developments (Source: Significant Developments)
Digital Garage Inc Amends Consolidated Full-year Outlook for FY 2013
Digital Garage Inc announced that it has raised its consolidated full-year outlook for revenue from JPY 27,000 million to JPY 27,500 million, ordinary profit from JPY 2,800 million to JPY 3,000 million, net profit from JPY 1,700 million to JPY 2,600 million and earning per share from JPY 7,569.56 to JPY 11,528.13, but lowered the outlook for operating profit from JPY 1,650 million to JPY 1,300 million, for the fiscal year ending June 2013. The Company raised the outlook due to the record of extraordinary profit, and lowered the operating profit outlook due to the increased advancement investment cost. Full Article
Digital Garage Inc's Subsidiary Signs Basia Agreement of Capital and Business Alliance with JCB Co., Ltd; Digital Garage to Sell Shares of Subsidiary to JCB Co., Ltd
Digital Garage Inc announced that its subsidiary, econtext Asia Limited, has signed a basic agreement of capital and business alliance with JCB Co., Ltd. econtext Asia Limited and JCB Co., Ltd will collaborate in planning and promotion of payment business in Japan and overseas markets, as well as smart phone payment solution business and development of JCB franchise stores. Digital Garage will transfer 3,246,470 shares (2.0% stake) of econtext Asia Limited to JCB Co., Ltd for JPY 439 million on May 15, 2013. After the transaction, Digital Garage will hold 130,670,409 shares (80.5% stake) of econtext Asia Limited, down from 133,916,879 shares (82.5% stake). Full Article
Digital Garage Inc's Subsidiary Forms Business and Capital Alliance with Credit Saison Co Ltd; Expects Extraordinary Profit for Q3 of FY 2013
Digital Garage In announced that its subsidiary, econtext Asia Limited has signed an agreement with Credit Saison Co Ltd to form a business and capital alliance. Through the business alliance, the two companies will be cooperating in marketing business of Asia area, domestic expanding, as well as the development of solution business. Through the capital alliance, Digital Garage Inc will be transferring 12,174,262 shares (a 7.5% stake) of econtext Asia Limited's common stock, to Credit Saison Co Ltd, at the price of JPY 1,649 million, effective April 17, 2013. After this, Digital Garage Inc will hold a 82.5% stake (133,916,879 shares) in econtext Asia Limited, down from a 90% stake (146,091,141 shares). The Company also announced that it is expecting an extraordinary profit of JPY 950 million, as gain on transferring econtext Asia Limited's stock, for the third quarter of fiscal year ending June 2013. Full Article
Digital Garage Inc Announces Capital and Business Alliances between Subsidiary and Sumitomo Mitsui Card Company, Limited
Digital Garage Inc announced that its subsidiary econtext Asia Limited has decided to form capital and business alliance with Sumitomo Mitsui Card Company, Limited. Through the capital alliance, the Company will sell 16,232,350 shares (a 10.0% stake) in the subsidiary to Sumitomo Mitsui Card, at the price of JPY 2,199 million on March 15, 2013. As a result, the Company will hold 146,091,141 shares (a 90.0% stake) in the subsidiary down from 162,323,491 shares (a 100.0% stake). Through the business alliance, the subsidiary and Sumitomo Mitsui Card will cooperate in the launch of new franchised stores for settlement business in domestic market and expansion of business in overseas market. Full Article
Digital Garage Inc Amends Mid-year and Full-year Consolidated Outlook for FY 2013
Digital Garage Inc announced that it has raised its mid-year consolidated outlook for revenue from JPY 13,800 million to JPY 13,840 million, operating profit from JPY 350 million to JPY 470 million, ordinary profit from JPY 850 million to JPY 1,150 million, net profit from JPY 650 million to JPY 900 million, and earnings per share from JPY 2,984.35 to JPY 4,132.18, for the fiscal year ending June 30, 2013. The Company also has raised its full-year consolidated outlook for revenue from JPY 25,000 million to JPY 27,000 million, reaffirmed its full-year consolidated outlook for operating profit of JPY 1,650 million, ordinary profit of JPY 2,800 million, net profit of JPY 1,700 million, and lowered its full-year consolidated outlook for earnings per share from JPY 7,805.22 to JPY 7,569.56, for the fiscal year ending June 30, 2013. The Company raised its mid-year consolidated outlook mainly due to the increase in sales of e-commerce business, cost reduction and foreign exchange gain, and amended its full-year consolidated outlook mainly due to change in accounting period of subsidiary. Full Article
Digital Garage Inc Issues New Shares through Private Placement
Digital Garage Inc announced that it has completed the issue of 16,500 new shares of its common stock at the price of JPY 159,004 per share, or JPY 2,623,566,000 in total, through private placement, to DENTSU INC, on January 11, 2013. Full Article
Digital Garage Inc Forms Business and Capital Alliance with DENTSU INC
Digital Garage Inc announced that it has formed a business and capital alliance with DENTSU INC, on December 21, 2012. Through the business alliance, the two companies will work together on the development of advanced marketing technology, development of Asia market businesses, as well as promotion of digital marketing businesses and business intelligence. Through the capital alliance, the Company will issue 16,500 new shares of its common stock at the price of JPY 159,004 per share, or JPY 2,623,566,000 in total, through private placement, to DENTSU INC, effective January 11, 2013. Full Article
Digital Garage Inc Raises Consolidated Mid-year Forecast for FY 2013
Digital Garage Inc announced that it has raised the consolidated mid-year forecast for revenue from JPY 11,000 million to JPY 13,800 million, operating profit from JPY 150 million to JPY 350 million, ordinary profit from JPY 700 million to JPY 850 million, net profit from JPY 350 million to JPY 650 million and earning per share from JPY 1,606.96 to JPY 2,984.35 for the fiscal year ending June 30, 2013. The Company raised the consolidated mid-year outlook due to change of fiscal year end of subsidiary. Full Article
Digital Garage Inc to Merge with Wholly Owned Subsidiary
Digital Garage Inc announced that it has decided to merge with its Tokyo-based wholly owned subsidiary, which engaged in the settlement business, effective November 20, 2012. After the merger, the subsidiary will be dissolved. Full Article
Digital Garage Inc Announces Year-end Dividend Payment for FY 2012
Digital Garage Inc announced that it has decided to pay a year-end dividend of JPY 1,000.00 per share, in line with the last forecast announced on August 13, 2012, to all shareholders of record as of June 30, 2012, for the fiscal year ended June 30, 2012. The payment will be conducted on September 28, 2012. Full Article
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