Key Developments: Newtech Co Ltd (6734.OS)
346JPY
17 May 2013
¥11 (+3.28%)
¥320
¥346
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100
2,652
¥507
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Latest Key Developments (Source: Significant Developments)
Newtech Co Ltd Cancels Year-end Dividend Payment for FY 2013
Newtech Co Ltd announced that it has canceled the year-end dividend payment, which was announced as an undetermined value on January 9, 2013, for the fiscal year ending February 2013. Full Article
Newtech Co Ltd Amends Mid-year Outlook for FY 2013
Newtech Co Ltd announced that it has lowered its mid-year outlook for revenue from JPY 890 million to JPY 858 million, operating profit from JPY 7 million to JPY 1 million, and raised its mid-year outlook for ordinary profit from JPY 1 million to JPY 7 million, net profit from JPY 0 million to JPY 5 million, and earnings per share from JPY 0.34 to JPY 2.67, for the fiscal year ending February 2013. The Company lowered its mid-year outlook for revenue and operating profit mainly due to the decrease in orders and raised its mid-year outlook for ordinary profit and net profit mainly due to the gain on sale of investment securities. Full Article
New Tech Co Ltd Changes Corporate Auditor; Expects Extraordinary Loss for FY 2012; Announces Personnel Reduction
New Tech Co Ltd announced that it has appointed Hinode Audit Corporation as corporate auditor, to replace KPMG AZSA LLC, effective May 18, 2012. The Company also announced that it is expecting an extraordinary loss of JPY 9,271,000, as loss in special early retirement benefit, for the fiscal year ended February 29, 2012. The Company also announced that it has cut seven employees, out of 62 employees, on March 10, 2012, with special early retirement benefit. Full Article
New Tech Co Ltd Lowers Full-year Forecast for FY 2012; Cancels Year-end Dividend Forecast for FY 2012
New Tech Co Ltd announced that it has lowered the full-year forecast for revenue from JPY 2,265 million to JPY 1,806 million, operating profit (loss) from JPY (46 million) to JPY (197 million), ordinary profit (loss) from JPY (60 million) to JPY (210 million), net profit (loss) from JPY (114 million) to JPY (307 million) and earning (loss) per share from JPY (59.87) to JPY (160.48) for the fiscal year ended February 29, 2012. The Company lowered the full-year outlook due to the downturn in economy and the aggravated order environment. The Company canceled the year-end dividend forecast for the fiscal year ended February 29, 2012. The last forecast was undetermined. Full Article
STEC Inc Signs Strategic Distributor's Agreement With Newtech Co., Ltd. Covering Japan
STEC Inc announced a distribution agreement with Newtech Co., Ltd.. Under the terms of this non-exclusive agreement, Newtech is authorized to distribute all commercially-available STEC solid-state products throughout Japan as standalone solutions or integrated into Newtech storage systems. Newtech is also authorized to distribute STEC's new EnhanceIO SSD Cache Software, which improves data acceleration while achieving cost-effective user scalability. Full Article
New Tech Co Ltd Lowers FY 2012 Outlook
New Tech Co Ltd announced that it has lowered its consolidated mid-year outlook for revenue from JPY 1,212 million to JPY 719 million, operating profit (loss) from JPY (9 million) to JPY (189 million), ordinary profit (loss) from JPY (16 million) to JPY (194 million), net profit (loss) from JPY (25 million) to JPY (249 million) and earning per share (loss) from JPY (13.12) to JPY (130.26) for the fiscal year ending February 29, 2012. The Company also lowered its consolidated full-year outlook for revenue from JPY 2,758 million to JPY 2,265 million, operating profit (loss) from JPY 86 million to JPY (46 million), ordinary profit (loss) from JPY 73 million to JPY (60 million), net profit (loss) from JPY 39 million to JPY (114 million) and earning per share (loss) from JPY 20.41 to JPY (59.87) for the same fiscal year. This is due to the decreased investment of information technology caused by the earthquake. Full Article
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