GEOSTR Corporation Expects Third Quarterly and Full-year Extraordinary Losses and Profits for FY Ending March 2012; Amends FY 2012 Outlook

GEOSTR Corporation announced that it expects to record JPY 8.8 billion profit on amortization of negative goodwill as extraordinary profit for the third quarter of the fiscal year ending March 2012, as well as JPY 490 million impairment loss on fixed assets and JPY 110 million special additional amount for early retirement as extraordinary losses for the third quarter of the fiscal year ending March 2012, and JPY 30 million loss on merger expenses as extraordinary loss for the fiscal year ending March 2012. Therefore, the Company lowered its consolidated mid-year outlook for revenue from JPY 7,400 million to JPY 7,006 million, and raised its consolidated mid-year outlook for operating profit (loss) from JPY (250 million) to JPY (93 million), ordinary profit (loss) from JPY (230 million) to JPY (77 million), net profit (loss) from JPY (180 million) to JPY (130 million) and earning per share (loss) from JPY (10.18) to JPY (7.36) for the fiscal year ending March 31, 2012. The Company also raised its consolidated full-year outlook for revenue from JPY 18,300 million to JPY 22,400 million, operating profit from JPY 300 million to JPY 780 million, ordinary profit from JPY 310 million to JPY 790 million, net profit from JPY 160 million to JPY 8,900 million and earning per share from JPY 9.4 to JPY 396.53 for the same fiscal year.