FORLIFE Co., Ltd. Announces Dividend for the Fiscal Year Ended March 31, 2018, Payable on June 25, 2018; Provides Dividend Guidance for the Second Quarter of 2019 and Full Year Ending March 2019; Announces Earnings Results for the Year Ended March 31, 2018; Provides Earnings Forecast for the Second Quarter Ending Sep. 2018 and Full Year Ending March 2019
May 14, 2018 at 08:00 am
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FORLIFE Co., Ltd. announced dividend of JPY 30.00 per share for the fiscal year ended March 31, 2018 against JPY 60.00 per share a year ago. The dividend is payable on June 25, 2018.
For the second quarter of 2019, the company expects dividend of JPY 10.00 per share against JPY 20.00 per share paid a year ago.
For the fiscal year ending March 2019, the company expects year-end dividend of JPY 30.00 per share against JPY 30.00 per share paid a year ago.
The company announced earnings results for the year ended March 31, 2018. For the year, the company reported net sales of JPY 8,659 million compared to JPY 7,024 million a year ago. Operating income was JPY 381 million compared to JPY 576 million a year ago. Ordinary income was JPY 372 million compared to JPY 553 million a year ago. Profit attributable to owners of parent was JPY 257 million or JPY 128.81 per share compared to JPY 375 million or JPY 203.30 per share a year ago. Ordinary income to total assets ratio was 9.8% against 17.3% a year ago. Operating profit to net sales ratio was 4.4% against 8.2% a year ago. Net assets per share were JPY 1,147.81 against JPY 1,059.10 a year ago. Cash outflows from operating activities were JPY 18 million against cash inflows from operating activities of JPY 641 million a year ago.
The company provided earnings forecast for the full year ending March 2019. The company expects net sales of JPY 10,000 million, operating income of JPY 410 million, ordinary income of JPY 391 million and profit of JPY 273 million or JPY 136.57 basic per share.
For the half year ending Sep. 2018, the company expects net sales of JPY 4,342 million, operating income of JPY 120 million, ordinary income of JPY 111 million and profit of JPY 77 million or JPY 38.86 basic per share.
FORLIFE Co., Ltd. is a Japan-based company mainly engaged in housing business. The Company operates through two business segments. The Condominium segment is engaged in the construction and sale of condominiums in Yokohama, Kawasaki, and Tokyo. The Custom Housing segment is engaged in the construction of custom housing. It also engaged in the sale of renovated houses and the renovation business of existing houses.
FORLIFE Co., Ltd. Announces Dividend for the Fiscal Year Ended March 31, 2018, Payable on June 25, 2018; Provides Dividend Guidance for the Second Quarter of 2019 and Full Year Ending March 2019; Announces Earnings Results for the Year Ended March 31, 2018; Provides Earnings Forecast for the Second Quarter Ending Sep. 2018 and Full Year Ending March 2019