Key Developments For ART CORPORATION
ART CORPORATION (9030.T) (Tokyo Stock Exchange)
Art Corporation Declares Dividend
Art Corporation announced that it has decided to pay its dividend of JPY 45 per share on the Company's stock on December 24, 2008, to all shareholders of record as of September 30, 2008.
Art Corporation Announces Lawsuit Filed by Tokyo Agency Inc.
Art Corporation announced that Tokyo Agency Inc. has filed a lawsuit against the Company with the Tokyo District Court, demanding the payback of entrust fee from the Company with an amount o JPY 1,227,061,000.
Art Corporation Lowers Consolidated Full-year Outlook for FY Ended September 30, 2008
Art Corporation announced that it has lowered its consolidated full-year guidance for revenue from JPY 71,400 million to JPY 70,220 million, operating profit from JPY 2,950 million to JPY 2,742 million, ordinary profit from JPY 2,840 million to JPY 2,667 million, and net profit from JPY 1,330 million to JPY 709 million, for the fiscal year ended September 30, 2008. The Company lowered its consolidated full-year outlook due to the JPY 914 million of transfer to allowance for bad debt.
Art Corporation Announces Extraordinary Loss for FY Ended September 2008
Art Corporation announced that it will record a JPY 914 million extraordinary loss on transfer to allowance for bad debt, for the fiscal year ended September 2008.
Art Corporation Lowers Consolidated Full-year Financial Guidance for FY Ending September 2008; Reaffirms Dividend Forecast
Art Corporation announced that it has lowered its consolidated full-year financial guidance for revenue from JPY 77,519 million to JPY 71,400 million, operating profit from JPY 5,224 million to JPY 2,950 million, ordinary profit from JPY 5,040 million to JPY 2,840 million and net profit from JPY 2,724 million to JPY 1,330 million for the fiscal year ending September 2008. The downward revision is due to the lower-than-expected sales of the removal business, as well as the increase in primary material cost. As for the dividend forecast for the same year, it has reaffirmed its previous forecast of JPY 45.00 per share.
