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TYO:9418

3 stories mentioning TYO:9418Updated 21d ago

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Asia

U-Next's Nine-Month Profit Slides 4.8%

U-Next's (TYO:9418) profit attributable to owners of the parent fell 4.8% to 12.9 billion yen for the nine months ended May 31 from 13.6 billion yen a year earlier.The store services and telecommunication firm's basic earnings per share declined to 71.63 yen from 75.22 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales jumped 17% to 332.3 billion yen for the period from 283.4 billion yen in the prior year.For the full fiscal year ending Aug. 31, U-Next expects attributable profit of 18.5 billion yen, basic EPS of 102.57 yen and net sales of 424 billion yen.U-Next Holdings plans to pay a year-end dividend of 8.5 yen per share for the current fiscal year.

TYO:9418
Asia

TBS Acquires 6.45% Stake in U-Next in Strategic Alliance

TBS (TYO:9401) has agreed to purchase 11.63 million common shares of U-Next (TYO:9418) for 20 billion yen through an off-market transaction, giving it a 6.45% voting stake and raising its total ownership to 8.03% post-deal.The capital and business alliance aims to merge TBS's content production strengths with U-Next's streaming platform to boost global competitiveness in original content creation, according to a Tokyo bourse filing on Friday.The partnership includes plans for a joint venture with South Korea's CJ ENM (KOSDAQ:035760), along with collaborations spanning video archives, background music services, karaoke systems, and cross-industry customer bases.The transaction is scheduled to close on July 3, with only a minor impact on TBS's consolidated earnings expected.U-Next, TBS and CJ ENM first disclosed plans to form a joint venture in February.

KOSDAQ:035760TYO:9401TYO:9418
Asia

U-Next's Profit Climbs 4.7% in Fiscal H1

U-Next's (TYO:9418) profit attributable to owners of the parent climbed 4.7% to 9.88 billion yen in the fiscal first half from 9.44 billion yen a year earlier.The electric services company's basic earnings per share increased to 54.80 yen from 52.32 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales jumped 14% to 212.8 billion yen for the six months ended Feb. 28 from 186.8 billion yen in the prior year.It declared a final dividend of 8.50 yen per share for the year, payable from May 25.For the fiscal year ending Aug. 31, the company expects attributable profit of 18.5 billion yen, basic EPS of 102.57 yen, and net sales of 424 billion yen.U-Next plans to pay a year-end dividend of 8.50 yen per share for the current year, bringing the total annual payout to 17 yen, which is higher than the 15.50 yen paid in the year-ago period.

TYO:9418

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