Jedat Inc:To divest entire 50 pct stake in Shanghai-based subsidiary to Zhu Min and Wang Jingxian, at 18,750,000 yen in late April.To hold no stake in the Shanghai-based subsidiary.
Jedat Inc:Full-year consolidated outlook for revenue reaffirmed as 1,580 mln yen, for fiscal year ending March 31, 2015.Full-year operating profit outlook reaffirmed as 120 mln yen.Full-year ordinary profit outlook of 170 mln yen raised from 120 mln yen.Full-year net profit outlook of 210 mln yen raised from 112 mln yen.Full-year earnings per share outlook of 109.37 yen raised from 58.33 yen.Ordinary profit and net profit outlook raised due to business recovery, depreciation of yen, subsidy received and deferred tax assets.Reaffirmed year-end dividend forecast of 15 yen per share, for fiscal year 2015.
Jedat Inc:To divest its 100 pct stake in a Beijing-based subsidiary to a Japan-based outsourcing company.Transaction consideration 82,572,076 yen.Transaction date March 31.
Jedat Inc:Sees raised full-year consolidated outlook for fiscal year ending Mar. 31, 2014.Sees full-year revenue of 1,370 million yen raised from 1,350 million yen.Sees full-year operating profit of 65 million yen raised from 30 million yen.Sees full-year ordinary profit of 110 million yen raised from 34 million yen.Sees full-year net profit of 102 million yen raised from 28 million yen.Sees full-year earnings per share of 53.12 yen raised from 14.78 yen.Says outlook raised due to recovery of electronic part industry, smooth business performance in overseas markets and subsidy received.Reaffirms year-end dividend forecast of 10 yen per share, for the same fiscal year.
Jedat Inc announced that it has raised its mid-year consolidated outlook for revenue from JPY 654 million to JPY 681 million, operating profit (loss) from JPY (16 million) to JPY 37 million, ordinary profit (loss) from JPY (14 million) to JPY 47 million, net profit (loss) from JPY (17 million) to JPY 48 million, and earnings (loss) per share from JPY (9.37) to JPY 25.00, for the fiscal year ending March 2014. The Company raised its mid-year consolidated outlook mainly due to the orders and subsidy received.
Jedat Inc announced that it has decided to establish a Shanghai-based 50%-owned subsidiary, which will be engaged in the sale, maintenance, support and development of the Company's products, on May 1, 2013. The subsidiary will be capitalized at JPY 100 million and will start operation effective May 1, 2013.
Jedat Inc announced that it has decided to split its common stock from one share into 100 shares, effective April 1, 2013. Following this, the Company has received approval from its Board of Directors to make partial change to its article of incorporation. Based on change to article six, the Company will change the number of its total shares to be possibly issued from 78,000 shares to 7,800,000 shares, effective April 1, 2013.
Jedat Inc announced that it has decided to merge with a Fukuoka-based wholly owned subsidiary, which has been engaged in the electronic design automation software business, effective April 1, 2013. As a result, the Company will be the surviving company and the subsidiary will be dissolved.
Jedat Inc announced that it has lowered its mid-year consolidated outlook for revenue from JPY 660 million to JPY 573 million, operating profit (loss) from JPY (43 million) to JPY (74 million), net profit (loss) from JPY (27 million) to JPY (28 million), and earnings (loss) per share from JPY (1,406.25) to JPY (1,470.33), and reaffirmed its mid-year consolidated outlook for ordinary profit (loss) of JPY (25 million), for the fiscal year ending March 2013. This is due to the sluggish electronic component investment environment.
Jedat Inc. announced that Shinichi Ishibashi will resign from the position of Chairman of the Board in the Company, effective July 31, 2012.