Kaneko Seeds Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended of November 30, 2017; Provides Earnings Guidance for the Year Ending of May 31, 2018; Announces Second Quarter End Dividend for the Fiscal Year 2018, Payable on February 13, 2018; Provides Dividend Guidance for the Year Ending May 31, 2018
January 09, 2018 at 07:00 am
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Kaneko Seeds Co., Ltd. reported consolidated earnings results for the second quarter ended of November 30, 2017. For the quarter, the company reported net sales of JPY 24,923 million compared to JPY 23,900 million a year ago. Operating income was JPY 278 million compared to JPY 315 million a year ago. Ordinary income was JPY 338 million compared to JPY 351 million a year ago. Profit attributable to owners of parent was JPY 193 million compared to JPY 237 million a year ago. Basic earnings per share were JPY 16.51 compared to JPY 20.24 a year ago. Profit before income taxes was JPY 294.412 million compared to JPY 351.439 million a year ago. Net cash used in operating activities was JPY 1,612.531 million compared to JPY 1,224.937 million a year ago. Purchase of property, plant and equipment was JPY 342.770 million compared to JPY 64.888 million a year ago.
The company provided earnings guidance for the year ending of May 31, 2018. For the period, the company expects net sales of JPY 59,500 million, operating income of JPY 2,050 million, ordinary income expected of JPY 2,150 million, profit attributable to owners of parent expected of JPY 1,450 million and basic earnings per share expected of JPY 123.50.
The company announced second quarter end dividend of JPY 11 per share for the fiscal year 2018 compared to JPY 11 per share paid a year ago. Scheduled date to commence dividend payments is February 13, 2018.
The company provided dividend guidance for the year ending May 31, 2018. The company expects year-end dividend of JPY 15 per share compared to JPY 15 per share paid a year ago.
KANEKO SEEDS CO., LTD. is a Japan-based company mainly engaged in the sale of seedlings, gardening products, agrochemicals and agricultural facilities, as well as the design and construction of hydroponic culture plants, greenhouses and gardens. The Company operates in four business segments. The Seedling segment is engaged in the contract production, purchase and sale of vegetable seeds, pasture seeds, virus-free seedlings and seeds, and the design and construction of landscaping work. The Flower Growing segment is engaged in the production and sale of flower seeds and seedlings, as well as the purchase and sale of gardening products. The Agricultural Material segment is involved in the purchase and sale of agrochemicals and others. The Facility segment is engaged in the provision of agricultural facilities, as well as the development and sale of hydroponic culture plants and greenhouses.
Kaneko Seeds Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended of November 30, 2017; Provides Earnings Guidance for the Year Ending of May 31, 2018; Announces Second Quarter End Dividend for the Fiscal Year 2018, Payable on February 13, 2018; Provides Dividend Guidance for the Year Ending May 31, 2018
KANEKO SEEDS CO., LTD. 