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Nexyz. Corp to Sell Stake in Subsidiary to Rakuten Inc and Gentosha Inc.; Announces Extraordinary Profit and Amends Consolidated Full-year Outlook for FY 2013

Wednesday, 4 Sep 2013 02:30am EDT 

Nexyz. Corp announced that it will sell 20,909 shares of its subsidiary,, to Rakuten Inc and Gentosha Inc. for JPY 65,000 per share or JPY 1,359 million in total on September 4, 2013 and September 13, 2013. As a result, Nexyz's stake in Brangista will become 64.75%, down from 81.45%. In addition, the Company has affirmed its consolidated full-year outlook for revenue of JPY 7,600 million-JPY 8,200 million, operating profit of JPY 320 million-JPY 500 million and ordinary profit of JPY 310 million-JPY 480 million, but raised the outlook for net profit from JPY 150 million-JPY 240 million to JPY 1,250 million-JPY 1,340 million and earning per share from JPY 11.83-JPY 18.93 to JPY 98.60-JPY 105.70, for the fiscal year ending September 2013. The Company raised the net profit outlook due to the record of JPY 1,100 million extraordinary profit on the selling of the stake in Brangista. 

Company Quote

5 May 2015