K.R.S. Corporation Announces Consolidated Earnings Results for the Six Months Ended May 31, 2018; Provides Earnings Guidance for the Year Ending November 30, 2018; Provides Dividend Guidance for the Year Ending November 30, 2018; Announces Dividend for the Second Quarter of Fiscal 2018, Payable on August 7, 2018
July 03, 2018
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K.R.S. Corporation announced consolidated earnings results for the six months ended May 31, 2018. For the period, the company reported operating revenues of JPY 82,339 million compared with JPY 77,723 million for the same period a year ago. Operating income was JPY 2,163 million compared with JPY 2,377 million for the same period a year ago. Ordinary income was JPY 2,232 million compared with JPY 2,400 million for the same period a year ago. Profit attributable to owners of parent was JPY 1,196 million or JPY 96.25 per share compared with JPY 1,292 million or JPY 103.99 per share for the same period a year ago. Profit before income taxes was JPY 2,231 million compared with JPY 2,390 million for the same period a year ago. Net cash provided by operating activities was JPY 1,907 million compared with JPY 2,581 million for the same period a year ago. Purchase of property, plant and equipment was JPY 2,610 million compared with JPY 2,869 million for the same period a year ago. Purchase of intangible assets was JPY 238 million compared with JPY 210 million for the same period a year ago.
The company announced dividend of JPY 22.00 for the second quarter of fiscal 2018 compared to JPY 20.00 per share paid last year same period. The dividend is payable on August 7, 2018.
The company provided dividend guidance for the full year ending November 30, 2018. For the year, the company plans to pay a final dividend of JPY 22.00 per share compared to JPY 20.00 per share paid a year ago.
The company provided earnings guidance for the full year ending November 30, 2018. For the full year, the company expects operating revenue of JPY 165,000 million, operating income of JPY 5,000 million, ordinary income of JPY 5,050 million and profit attributable to owners of parent of JPY 2,730 million or JPY 219.66 per share.
K.R.S.Corporation is a Japan-based company mainly engaged in the provision of comprehensive logistics services such as storage, cargo handling, transportation and information processing. The Company is involved in the Manufacture and sale of mayonnaise dressings, canned goods, egg products and frozen foods. The Company operates through three business segments. The Joint Logistics segment is involved in the storage, loading and unloading, national intermodal transportation of foods, as well as the lorry transportation of raw materials such as grease and vinegar. The Dedicated Logistics segment is involved in operation of operates logistics center such as convenience stores. The Other Related segment is involved in the sale of vehicles, logistics equipment and fuel. The Company is also involved in the real estate leasing business, worker dispatch business and non-life insurance agency business.
K.R.S. Corporation Announces Consolidated Earnings Results for the Six Months Ended May 31, 2018; Provides Earnings Guidance for the Year Ending November 30, 2018; Provides Dividend Guidance for the Year Ending November 30, 2018; Announces Dividend for the Second Quarter of Fiscal 2018, Payable on August 7, 2018