Key Developments: ISB Corp (9702.T)
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2 Jul 2013
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Latest Key Developments (Source: Significant Developments)
ISB Corporation Amends Consolidated Mid-year and Full-year Outlook for FY 2012
ISB Corporation announced that it has reaffirmed the consolidated mid-year outlook for revenue at JPY 5,100 million, operating profit at JPY 105 million, ordinary profit at JPY 135 million, but raised mid-year outlook for net profit from JPY 80 million to JPY 223 million and earning per share from JPY 19.16 to JPY 53.40 for the fiscal year ending December 31, 2012. The Company has also reaffirmed the consolidated full-year outlook for revenue at JPY 11,000 million, operating profit at JPY 290 million, ordinary profit at JPY 350 million, but raised full-year outlook for net profit from JPY 190 million to JPY 333 million and earning per share from JPY 45.50 to JPY 79.75 for the fiscal year ending December 31, 2012. The positive net profit outlook is mainly due to record of extraordinary profit, due to gain on negative goodwill of JPY 143 million. Full Article
ISB Corporation Announces Establishment of Joint Venture
ISB Corporation announced that it has established a joint venture, JORJIA TECHNOLOGIES INC., which is engaged in contract software development business, development of car electronics and sales of devices, with JORJIN TECHNOLOGIES INC. and an individual, on February 8, 2012. JORJIN TECHNOLOGIES INC., ISB Corporation and the individual hold 55%, 35% and 10% stakes in the joint venture, respectively. Full Article
ISB Corporation Announces Changes in Acquisition Plan
ISB Corporation announced that there are some changes in the acquisition plan announced on December 21, 2011. The Company will purchase 32,000 shares of KNOX DATA CORP, which is mainly engaged in the development of software, provision of consulting, and construction of Website in Tokyo, Japan, at the price of JPY 100 million in total, effective January 1, 2012. As a result, the Company will hold 50.3% voting rights (32,000 voting rights) in KNOX DATA, up from 0%. Full Article
ISB Corporation to Acquire KNOX DATA CORP
ISB Corporation announced that it will purchase 32,000 shares of KNOX DATA CORP, which is mainly engaged in the development of software, provision of consulting, and construction of Website in Tokyo, Japan, at the price of JPY 100 million in total, effective January 1, 2012. As a result, the Company will hold 50.3% voting rights (1 voting rights) in KNOX DATA, up from 0%. Full Article
ISB Corporation Announces Outcome Of Early Retirement Project; Expects Extraordinary Loss and Lowers Year-end Dividend Outlook for FY Ending December 2011; Amends FY 2011 Outlook
ISB Corporation announced the outcome of an early retirement program, which was offered during the period from November 1, 2011 to November 15, 2011. 60 of its employees took the offer and will retire on December 31, 2011. The employees will be offered retirement pay and additional benefits. As a result, the Company expects to record JPY 409 million special additional ammount for early retirement as extraordinary loss for the fiscal year ending December 2011. Therefore, the Company reaffirmed its consolidated full-year outlook for revenue from of JPY 9,280 million, operating profit (loss) of JPY (713 million), ordinary profit (loss) of JPY (582 million), but lowered its consolidated full-year outlook for net profit (loss) from JPY (530 million) to JPY (806 million) and earning per share (loss) from JPY (126.92) to JPY (193.02) for the fiscal year ending December 31, 2011. The Company also lowered its year-end dividend outlook from JPY 20.00 per share, which was announced on November 2, 2011, to JPY 10.00 per share, for the same fiscal year. Full Article
ISB Corporation Lowers Full-year Consolidated Outlook for FY Ending December 31, 2011
ISB Corporation announced that it has lowered its full-year consolidated outlook for revenue from JPY 9,900 million to JPY 9,280 million, operating profit (loss) from JPY (218 million) to JPY (713 million), ordinary profit (loss) from JPY (120 million) to JPY (582 million), net profit (loss) from JPY (242 million) to JPY (530 million), and earning (loss) per share from JPY (57.95) to JPY (126.92), for the fiscal year ending December 31, 2011. The Company lowered its full-year consolidated outlook mainly due to the low personnel operating rate and the sluggish business environment. Full Article
ISB Corporation Announces Plan of Early Retirement Project
ISB Corporation announced that it plans to offer an early-retirement program to its employees, who are above 45 years old to 58 years old, during the period from November 1, 2011 to November 15, 2011. The employees will retire on December 31, 2011, and will be offered retirement pay and additional benefits. The Company expects approximately 50 employees to take up the offer. Full Article
ISB Corporation Lowers Consolidated Full-year Outlook for FY Ending December 31, 2011
ISB Corporation announced that it has lowered its consolidated full-year outlook for revenue from JPY 10,720 million to JPY 9,900 million, operating profit (loss) from JPY 217 million to JPY (218 million), ordinary profit (loss) from JPY 277 million to JPY (120 million), net profit (loss) from JPY 21 million to JPY (242 million) and earning per share (loss) from JPY 5.03 to JPY (57.95) for the fiscal year ending December 31, 2011. This is due to the influence of the earthquake. Full Article

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