May 31 (Reuters) - M-up Inc <3661.T>:Says it will acquire 506,300 shares(35.2 percent stake) of EMTG Co., Ltd. for 1.06 billion yen in total, effective June 29 .Says it will fully acquire EMTG Co., Ltd. through stock swap after acquisition, effective Sept. 28 .One share of EMTG Co., Ltd.'s stock will be exchanged with 1.648 shares of the company.1.5 million shares of the company's stock will be exchanged .
m-up Inc:Expects extraordinary profit of 150 mln yen as gain on sale of securities, for FY ending March 2016.
m-up Inc:To issue a year-end dividend of 20 yen per share to all the shareholders of record as of March 31, for FY ended March 2015.Payment date June 29.Says latest dividend forecast was 20 yen per share.
m-up Inc:Says the company raised the consolidated full-year outlook for the FY ended March 2015.Revenue forecast increased to 3,712 million yen from 3,142 million yen.Operating profit forecast increased to 554 million yen from 450 million yen.Ordinary profit forecast increased to 605 million yen from 450 million yen.Net profit forecast increased to 359 million yen from 270 million yen.Earnings per share forecast increased to 50.87 yen from 40.00 yen.Comments that increased membership and positive performance in service for smart phone are the main reasons for the forecast.
m-up Inc:Says it raised the year-end dividend forecast to 20 yen per share from 13 yen per share for the FY ending March 2015.
m-up Inc:To pay year-end dividend of 18 yen per share, in line with latest dividend forecast, for fiscal year 2014.Record date March 31 and effective date June 30.
m-up Inc:Lowered full-year outlook for fiscal year ended March 31, 2014.Full-year revenue outlook of 3,537 mln yen lowered from 4,500 mln yen.Full-year operating profit outlook of 467 mln yen lowered from 650 mln yen.Full-year ordinary profit outlook of 426 mln yen lowered from 650 mln yen.Full-year net profit outlook of 266 mln yen lowered from 390 mln yen.Full-year earnings per share outlook of 39.37 yen lowered from 60.00 yen.Outlook lowered due to decrease in revenue from music delivery service and allowance for bad debts.Sees year-end dividend of 17.25 yen per share lowered from 18 yen per share, for the same fiscal year.
m-up Inc announced that it has signed a business alliance with a Japan-based company, to cooperate in development and sales of Yuru Character.
m-up Inc announced that its stock has been moved from Tokyo Stock Exchange (TSE) mothers to the TSE first section, effective September 27, 2013.
m-up Inc announced that it has received the approval to move its stock from Tokyo Stock Exchange (TSE) mothers to the TSE first section, effective September 27, 2013.