K.R.S. Corporation Announces Consolidated Earnings Results for the Year Ended November 30, 2017; Provides Earnings Guidance for the Six Months Ending May 31, 2018 and Full Year Ending November 30, 2018
January 10, 2018
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K.R.S. Corporation announced consolidated earnings results for the year ended November 30, 2017. For the year, the company reported operating revenue of ¥159,722 million against ¥153,034 million a year ago. Operating profit was ¥4,892 million against ¥4,841 million a year ago. Ordinary profit was ¥4,993 million against ¥5,050 million a year ago. Profit before income taxes was ¥4,971 million against ¥5,028 million a year ago. Profit attributable to owners of parent was ¥2,728 million or ¥219.50 per share against ¥2,584 million or ¥207.94 per share a year ago. Net cash provided by operating activities was ¥6,444 million against ¥5,353 million a year ago. Purchase of property, plant and equipment was ¥6,120 million against ¥6,627 million a year ago. Purchase of intangible assets was ¥398 million against ¥231 million a year ago.
The company provided earnings guidance for the six months ending May 31, 2018 and full year ending November 30, 2018. For the six months, the company expects operating revenue of ¥81,250 million, operating profit of ¥2,300 million, ordinary profit of ¥2,320 million and profit attributable to owners of parent of ¥1,220 million or ¥98.16 per share.
For the year, the company expects operating revenue of ¥164,000 million, operating profit of ¥5,000 million, ordinary profit of ¥5,050 million and profit attributable to owners of parent of ¥2,730 million or ¥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 Year Ended November 30, 2017; Provides Earnings Guidance for the Six Months Ending May 31, 2018 and Full Year Ending November 30, 2018