Izumi Co., Ltd. Reports Consolidated Earnings Results for Nine Months Ended November 30, 2017; Provides Earnings Outlook for the Year Ending February 28, 2018
January 10, 2018
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IZUMI Co., Ltd. reported consolidated earnings results for nine months ended November 30, 2017. For the period, the company's operating revenue was ¥536,768 million against ¥513,269 million a year ago. Operating income was ¥25,689 million against ¥23,950 million a year ago. Ordinary income was ¥25,549 million against ¥24,082 million a year ago. Profit attributable to owners of parent was ¥17,347 million against ¥7,299 million a year ago. Earnings per share were ¥242.08 against ¥101.87 a year ago. Net cash provided by operating activities was ¥26,766 million against ¥21,642 million a year ago. Purchase of property, plant and equipment was ¥21,912 million against ¥16,474 million a year ago. Purchase of intangible assets was ¥722 million against ¥738 million a year ago. Profit before income taxes was ¥25,885 million against ¥12,493 million a year ago.
For the year ending February 28, 2018, the company expects operating revenue of ¥748,100 million, operating income of ¥39,000 million, ordinary income of ¥38,700 million and profit attributable to owners of parent of ¥26,500 million or ¥369.80 per share.
IZUMI CO., LTD. is a Japan-based company mainly engaged in the general retail business. The Company operates through two business segments. The Retail segment is engaged in the sale of clothing, housing-related goods and food products through its shopping centers, general merchandise stores (GMSs) and supermarkets. The Retail-related segment is engaged in the credit and finance business, the management of shop facilities, as well as the operation of restaurants. The Company is also engaged in the wholesale business and the real estate leasing business.
Izumi Co., Ltd. Reports Consolidated Earnings Results for Nine Months Ended November 30, 2017; Provides Earnings Outlook for the Year Ending February 28, 2018