Key Developments: Asatsu-DK Inc (9747.T)
2,437JPY
9:38pm EDT
¥32 (+1.33%)
¥2,691
¥2,416
¥2,487
¥2,303
37,900
131,227
¥2,810
¥1,692
Latest Key Developments (Source: Significant Developments)
Asatsu-DK Inc Lowers Consolidated Full-year Outlook for FY 2012; Raises Year-end Dividend Forecast for FY 2012
Asatsu-DK Inc announced that it has lowered the consolidated full-year outlook for revenue from JPY 351,000 million to JPY 350,822 million, operating profit from JPY 4,370 million to JPY 3,175 million, ordinary profit from JPY 6,120 million to JPY 5,314 million, net profit from JPY 3,000 million to JPY 2,781 million and earning per share from JPY 71.01 to JPY 65.83 for the fiscal year ended December 31, 2012. The negative outlook is mainly due to the low growth caused by the fierce competition. The Company also announced that it has decided to issue a year-end dividend of JPY 101 per share, above the latest dividend forecast of JPY 15 per share, disclosed on February 14, 2012, to all the shareholders of record as of December 31, 2012, effective March 18, 2013. Full Article
Asatsu-DK Inc Announces Officer Changes
Asatsu-DK Inc announced that it has appointed Shinichi Ueno to replace Yoji Shimizu as President and Group Chief Executive Officer of the Company, and has appointed Yoshihiro Sakai as Chief Financial Officer of the Company, effective March 28, 2013. Full Article
Asatsu-DK Inc to Cancel Business and Capital Alliances with Cosmo Communications Inc.
Asatsu-DK Inc announced that it has decided to cancel the business and capital alliances signed on November 17, 2008 with Cosmo Communications Inc., which is a Tokyo-based company engaged in advertising business. The Company will sell 104,400 shares (a 30% stake) of Cosmo Communications to Cosmo Communications, and will hold no shares in Cosmo Communications, effective January 11, 2013. Full Article
Asatsu-DK Inc Amends Consolidated Full-year Outlook for FY 2012; Below Analysts' Estimate
Asatsu-DK Inc announced that it has lowered its consolidated full-year outlook for revenue from JPY 352,000 million to JPY 351,000 million, but raised the outlook for operating profit from JPY 3,900 million to JPY 4,370 million, ordinary profit from JPY 5,400 million to JPY 6,120 million, and maintained the outlook for net profit of JPY 3,000 million and earning per share of JPY 71.07, for the fiscal year ending December 2012. The Company lowered the revenue outlook due to the decreases sales, raised the operating profit and ordinary profit outlook due to the cost reduction, among others. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 359.08 billion and net profit of JPY 3.57 billion. Full Article
Asatsu-DK Inc. Announces Retirement of Shares
Asatsu-DK Inc. announced that it has decided to retire 2,500,000 shares (5.53% stake) of its common stock, effective February 27, 2012. After the stock splitting, the total share outstanding will become 42,655,400. Full Article
Asatsu-DK Inc. Amends Consolidated Full-year Forecast for FY 2011; Lowers Year-end Dividend Forecast for FY 2011
Asatsu-DK Inc. announced that it has lowered the consolidated full-year forecast for revenue from JPY 356,000 million to JPY 347,111 million, net profit from JPY 2,600 million to JPY 2,293 million and earning per share from JPY 61.66 to JPY 54.37, but raised the forecast for operating profit from JPY 2,900 million to JPY 3,852 million and ordinary profit from JPY 4,700 million to JPY 5,627 million for the fiscal year ended December 31, 2011. The Company amended the consolidated full-year outlook due to decreased sales amount and decreased costs. The Company has lowered the year-end dividend forecast from JPY 12 per share to JPY 10 per share for the fiscal year ended December 31, 2011. Full Article
Asatsu-DK Inc. To Form Strategic Partnership With Co-creation Community eYeka
Asatsu-DK Inc. (ADK) announced that it has formed an exclusive strategic partnership in Japan with eYeka, the co-creation community. Tapping into the collective creative power of eYeka's online community of 200,000 consumers will allow ADK to access fresh, consumer-rooted creative ideas to help its clients innovate their marketing and communication. As eYeka is an online community, ADK will be able to reach out to creative consumers in 94 countries in a matter of weeks, significantly accelerating its ability to deliver campaigns that resonate across the globe for its clients. The partnership is effective as of the December 1, 2011. Full Article
Asatsu-DK Inc. Announces Special Dividend Payment for FY 2011
Asatsu-DK Inc. announced that it has decided to pay a special dividend of JPY 89 per share, to all shareholders of record as of October 31, 2011, for the fiscal year ending December 2011. The payment will be conducted on December 26, 2011. Full Article
Asatsu-DK Inc. Sells Shares of D.A. Consortium
Asatsu-DK Inc. announced that it has sold 40,000 shares of D.A. Consortium for JPY 1,300 million on August 30, 2011. After the transaction, the Company holds 90,176 shares (18.57% stake) of D.A. Consortium, down from 130,176 shares (24.76% stake). Full Article
WPP Group plc Offers To Buy D.A. Consortium Inc. Shares From Asatsu-DK Inc.-DJ
Dow Jones reported that WPP Group plc expressed interest in buying shares of online ad agency D.A. Consortium Inc. from Japanese advertising peer Asatsu-DK Inc., according to The Nikkei. WPP Group plc is Asatsu-DK's top shareholder, with a 22.9% stake, and intends to strengthen its operations in Japan, where the online ad market is growing. It is offering to pay as much as JPY3.3 billion, or JPY36,550 per share, with a deal to be signed by Friday. Asatsu-DK has decided to unload its stake of 24.8%, or roughly 130,000 shares, in D.A.Consortium--a Hakuhodo DY Holdings Inc. affiliate--because Asatsu-DK formed a joint venture this month with Hakuhodo's archrival, the Dentsu Inc. group. D.A.Consortium will buy about 40,000 of the shares. Asatsu-DK was seeking a buyer for the remainder. Full Article
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