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Shift Inc (3697.T)

3697.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Shift says business and capital alliance with Works Applications
Wednesday, 12 Oct 2016 

Shift Inc <3697.T>: says it formed a business and capital alliance with Works Applications Co., Ltd on Oct. 12 . Says two entities will cooperate on comprehensive quality assurance of the ERP package product that take advantage of AI, quality assurance in external sales platform (PaaS) development, etc .Says it to invest about 360 million yen to acquire shares of Works Applications via private placement.  Full Article

Shift to buy Baristride Group for 804 mln yen
Wednesday, 12 Oct 2016 

Shift Inc <3697.T>: Says it to buy Japan-based firm Baristride Group . Says transaction price of 804 million yen .Says the transaction will effective on Nov. 30.  Full Article

SHIFT to buy 66.67 pct stake in MethodoLogic,Inc
Friday, 30 Sep 2016 

SHIFT Inc <3697.T> : Says it plans to buy 66.67 percent stake of shares (200 shares) in MethodoLogic Inc, at an undisclosed price, on Sept. 30 .Says co will hold a 66.67 percent stake in MethodoLogic after transaction up from 0 percent.  Full Article

SHIFT establishes SHIFT SECURITY
Wednesday, 1 Jun 2016 

Shift Inc <3697.T>: Says it established a jv with an individual in Tokyo on June 1, which named SHIFT SECURITY . Says the jv engaged in information security services, vulnerability diagnosis and inspection services .Says the co holds 65 percent stake in the jv.  Full Article

Shift received surcharge order to employee from SESC
Friday, 25 Mar 2016 

Shift Inc:Securities and Exchange Surveillance Commission (SESC) announced surcharge payment order for fine of 3,510,000 yen to employee of the company regarding insider trading.Says the company to form select committee for this issue.  Full Article

Shift announces to take out loan
Monday, 15 Feb 2016 

Shift Inc:To take out a loan of 700 million yen from four banks.Maturity period of five banks.To use proceeds to enrich operating funds.  Full Article

Shift revises consolidated mid-year and full-year outlook for FY 2016
Tuesday, 12 Jan 2016 

Shift Inc:Says the company raised the consolidated mid-year outlook for revenue to 2,394 million yen from 2,161 million yen for FY ending Aug. 2016.Sees a decrease of operating profit forecast to 162 million yen from 194 million yen.Sees a decrease of ordinary profit forecast to 154 million yen from 184 million yen.Sees a decrease of net profit forecast to 93 million yen from 113 million yen.Sees a decrease of earnings per share to 6.49 yen from 7.86 yen.Says the company lowered the consolidated full-year outlook for revenue to 5,185 million yen from 4,687 million yen for FY ending Aug. 2016.Sees a decrease of operating profit forecast to 362 million yen from 458 million yen.Sees a decrease of ordinary profit forecast to 398 million yen from 495 million yen.Sees a decrease of net profit forecast to 178 million yen from 288 million yen.Sees a decrease of earnings per share to 12.36 yen from 20.00 yen.Comments the increased orders, income, investment and costs are the main reasons for the forecast.  Full Article

Shift announces to set up subsidiary
Tuesday, 22 Dec 2015 

Shift Inc:To set up a wholly owned subsidiary named SHIFT ASIA CO., LTD in Ho Chi Minh City in April 2016.New subsidiary to be engaged in software testing and quality assurance.  Full Article

Shift to acquire stake in LiberoProject
Tuesday, 22 Dec 2015 

Shift Inc:To acquire 841 shares (67.01 pct stake) of a Tokyo-based company named LiberoProject on Jan. 5, 2016.  Full Article