gala inc (4777) Snapshot

Gala Incorporated announced that the Board resolution was made at the Board of Directors' Meeting held on June 4, 2013 in relations to the personnel changes effective as of June 24, 2013. As of June 24, 2013, Hyun Hur and HyunSu Kim will continue with title as Directors from the previous title Director, Group COO, Office Manager of Korea Office and Director, Group CTO, Group CDO respectively.

Gala Incorporated, Board Meeting, Jun 04, 2013. Agenda: To approve personnel changes effective as of June 24, 2013.

Gala Incorporated reported consolidated and standalone earnings results for the fiscal year ended March 31, 2013. On consolidated basis, the company reported sales of JPY 2,169,000 against JPY 4,266,000 for the same period in the last year. Operating profit was JPY 820,000 against JPY 100,000 for the same period in the last year. Ordinary profit was JPY 865,000 against JPY 85,000 for the same period in the last year. Net income was JPY 2,268,000 against JPY 512,000 for the same period in the last year. EPS was JPY 21,355.23 against JPY 4,828.84 for the same period in the last year. On standalone basis, the company reported sales of JPY 190,000 against JPY 151,000 for the same period in the last year. Operating profit was JPY 296,000 against JPY 261,000 for the same period in the last year. Ordinary profit was JPY 378,000 against JPY 228,000 for the same period in the last year. Net income was JPY 1,447,000 against JPY 610,000 for the same period in the last year. EPS was JPY 13,621.85 against JPY 5,743.48 for the same period in the last year. Korean office conducted maintenance for portal site related to online game that increased sales. Also, foreign currency translations loss was booked in non-operating expense due to yen depreciation, gain from stock transfer from consolidated subsidiaries of Gala Buzz Inc. and Gala-Net Inc. was booked in extraordinary profit. Loss from valuation of stock and allowance for doubtful accounts were booked in extraordinary loss related to the consolidated subsidiary of Gala Lab Corp. (Korea). These matters led to significant difference relative to previous fiscal year.