Ubiteq, Inc. Revises Consolidated and Non-Consolidated Earnings Guidance for the Year Ended June 30, 2015
August 04, 2015 at 01:40 pm EDT
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Ubiteq, Inc. revised consolidated and non-consolidated earnings guidance for the year ended June 30, 2015. For the year, on consolidated basis, the company expects net sales of JPY 3,227 million compared to previous guidance of JPY 3,230 million, operating income of JPY 78 million compared to previous guidance of JPY 50 million, ordinary income of JPY 79 million compared to previous guidance of JPY 50 million and net loss of JPY 29 million or JPY 2.06 per share compared to previous guidance net income of JPY 14 million or JPY 0.97 per share.
For the year, on non-consolidated basis, the company expects net sales of JPY 2,588 million compared to previous guidance of JPY 2,595 million, ordinary income of JPY 29 million compared to previous guidance of JPY 7 million and net loss of JPY 59 million or JPY 4.12 per share compared to previous guidance of JPY 12 million or JPY 0.83 per share. The company has determined to reduce its Deferred Tax Asset in its financial results for the fiscal year ended June 30, 2015. Due to this revision as well as recent business performance, the company has revised business forecasts announced on May 29, 2015.
Ubiteq, INC. is a Japan-based company principally engaged in the development and provision of Internet of Things (IoT) solutions, as well as the design, manufacture and quality assurance of electronic equipment. The Company operates in three business segments. IoT segment is involved in the provision of solutions that combine hardware, software and networks such as hardware products of sensor-equipped communication terminal equipment (telematics, car-sharing in-vehicle devices, etc.), server applications, Website application development, as well as IoT platform products, IoT infrastructure construction and operation services. Contract Manufacture segment is involved in the development and production of module systems built into the automatic teller machines (ATM) and communication amusement equipment. Contract Development segment is involved in temporary staffing for contract development of embedded software and system development.
UBITEQ, INC. 
