Nippon Express Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2016 and Year Ending March 31, 2017
August 11, 2016
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Nippon Express Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter the company reported revenues of JPY 449,500 million compared to JPY 474,300 million a year ago. Operating income was JPY 10,700 million compared to JPY 10,500 million a year ago. Ordinary income was JPY 13,500 million compared to JPY 13,200 million a year ago. Net profit attributable to shareholders of the company was JPY 7,300 million compared to JPY 8,100 million a year ago.
The company provided consolidated earnings guidance for the six months ending September 30, 2016 and year ending March 31, 2017. For the year, the company expects revenues of JPY 1,844,000 million, operating income of JPY 57,000 million, ordinary income of JPY 63,000 million, net profit attributable to shareholders of the company of JPY 36,000.
For the six months ending September 30, 2016, the company expects revenues of JPY 906,000 million, operating income of JPY 23,500 million, ordinary income of JPY 27,800 million and net profit attributable to shareholders of the company of JPY 16,500.
Nippon Express Holdings Inc. specializes in freight transportation and logistics services. The group provides transport by land, air, rail and sea of products, materials, components, equipment, etc. on behalf of companies and organizations. At the same time, Nippon Express Holdings Inc. offers warehousing and supply chain management solutions. The group's activities are essentially organized around 3 areas:
- logistics services;
- cash and precious goods transportation services; and
- heavy equipment transportation services.
Net sales are distributed geographically as follows: Japan (59.2%), Asia and Oceania (18.3%), America (14.6%) and Europe (7.9%).
Nippon Express Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2016 and Year Ending March 31, 2017