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4-Traders Homepage  >  Equities  >  Tokyo  >  LEOPALACE21 CORPORATION    8848   JP3167500002

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LEOPALACE21 CORPORATION : Notice Concerning Recording of Non-Operating Profit (Foreign Exchange Gain)(January 4, 2013)

01/03/2013 | 08:41pm US/Eastern
FOR IMMEDIATE RELEASE

January 4, 2013

Company Name: Leopalace21 Corporation

Representative: Eisei Miyama, President and CEO

Code Number: 8848 (Tokyo Stock Exchange, First Section) Contact: Bunya Miyao, General Manager

Public Relations Office

Tel: +81-3-5350-0216

E-mail: ir@leopalace21.com

Notice Concerning Recording of Non-Operating Profit (Foreign Exchange Gain)

Leopalace21 Corporation announces that it has recorded the following non-operating profit
(foreign exchange gain) during the nine months ended December 31, 2012.

1. Content of the Non-Operating Profit

Leopalace21 and its overseas consolidated subsidiaries have incurred a loss of roughly ¥2.6 billion on foreign currency exchange during the first half of the fiscal year ending March 31,
2013 (April 1, 2012 to September 30, 2012). However, due to the depreciation of the yen, a foreign exchange gain of roughly ¥4.8 billion has been generated during the third quarter (October 1, 2012 to December 31, 2012), resulting in a non-operating profit of roughly ¥2.2 billion in foreign currency exchange during the nine months ended December 31, 2012.
The above amount is a valuation exchange gain in foreign currency markets at the end of the third quarter of the fiscal year ending March 31, 2013 (December 31, 2012). The amount of the foreign exchange gain may change as a result of foreign currency markets at the end of the fiscal year ending March 31, 2013.

2. Outlook

At the present time, there are no changes to the full year forecasts. If necessary, a revision to earnings forecasts will be issued as early as possible.
End

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