IPO Profile: NextGen
February 23, 2007
Tokyo, Feb. 23 (Jiji Press)–Next generation network engineering firm NextGen Inc. will make its debut on the Osaka Securities Exchange’s Hercules market for startups on March 14.
Established in Tokyo in 2001, NextGen develops and sells Internet Protocol phone software and systems mainly for telecommunication companies. It also provides maintenance services to client companies.
In the current business year ending in December, NextGen, a subsidiary of Nissho Electronics Corp. , expects its recurring profit will total 180 million yen, up 16.8 pct from a year earlier, on sales of 1,435 million yen, up 19.3 pct.END
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