SBS Holdings, Inc. Reports Consolidated Earnings Results for the Six Months Ended June 30, 2013; Provides Dividend Guidance for the Full Year of Fiscal 2013; Provides Earnings Guidance for the Full Year Ending December 31, 2013
August 07, 2013
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SBS Holdings, Inc. reported consolidated earnings results for the six months ended June 30, 2013. For the period, the company reported net sales were ¥61,805.564 million against ¥62,846.534 million a year ago. Operating income was ¥703.858 million against ¥1,332.613 million a year ago. Ordinary income was ¥534.354 million against ¥1,422.081 million a year ago. Net income was ¥149.853 million or ¥11.67 per diluted share against ¥829.360 million or ¥66.92 per share a year ago. Net income before taxes and other adjustments was ¥527.363 million against ¥1,378.476 million a year ago.
The company provided dividend guidance for the full year of fiscal 2013. For the year, the company expects a dividend of ¥30.00 per share compared to ¥40.00 paid per share for the full year of fiscal 2012.
The company provided earnings guidance for the full year ending December 31, 2013. For the full year, the company reported net sales will be ¥128,000 million, operating income will be ¥3,100 million, ordinary income will be ¥2,700 million and the net income will be ¥1,100 million or ¥86.21 per share.
SBS Holdings, Inc. is a holding company mainly engaged in the provision of logistics and related services. The Company has three businesses. The logistics business provides third party logistics (3PL), food distribution, material and product transportation, same-day delivery, international logistics and logistics-related consulting services. The real estate business is engaged in the leasing of offices, residential properties and warehouses, and the development and sale of logistics facilities. The others business is involved in the provision of logistics-related staffing services, environment business, marketing business, as well as solar power business.
SBS Holdings, Inc. Reports Consolidated Earnings Results for the Six Months Ended June 30, 2013; Provides Dividend Guidance for the Full Year of Fiscal 2013; Provides Earnings Guidance for the Full Year Ending December 31, 2013