Funai Consulting Inc to Dissolve Subsidiary; Raises Consolidated Mid-year and Full-year Outlook for FY 2013

Funai Consulting Inc announced that it has decided to dissolve a wholly owned subsidiary, Funai Capital CO.,LTD., which is engaged in venture capital business, based in Tokyo, by October 2013. The Company has also raised the consolidated mid-year outlook for revenue from JPY 4,700 million to JPY 4,750 million, operating profit from JPY 1,200 million to JPY 1,250 million, ordinary profit from JPY 1,200 million to JPY 1,250 million, net profit from JPY 700 million to JPY 1,100 million and earning per share from JPY 24.88 to JPY 39.08 for the fiscal year ending December 31, 2013. The Company has also raised the consolidated full-year outlook for revenue from JPY 9,600 million to JPY 9,650 million, operating profit from JPY 2,400 million to JPY 2,450 million, ordinary profit from JPY 2,400 million to JPY 2,450 million, net profit from JPY 1,400 million to JPY 1,800 million and earning per share from JPY 49.76 to JPY 63.89 for the fiscal year ending December 31, 2013. The positive outlook is mainly due to gain on divestiture of securities.