Senshukai Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended June 30, 2016; Provides Earnings Guidance for the Year 2016
August 25, 2016 at 04:00 pm
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Senshukai Co., Ltd. reported consolidated earnings results for the second quarter ended June 30, 2015. For the period, the company reported net sales of JPY 65,898 million, operating loss of JPY 403 million, ordinary income of JPY 181 million and net income of JPY 162 million or JPY 3.11 per share compared to net sales of JPY 68,161 million, operating loss of JPY 1,154 million, ordinary loss of JPY 1,063 million and net loss of JPY 1,219 million or JPY 26.50 per share for the same period a year ago. Net cash provided by operating activities was JPY 1,519 million compared to JPY 3,141 million a year ago. Purchase of property, plant and equipment was JPY 1,352 million compared to JPY 1,953 million a year ago. Purchase of intangible assets was JPY 411 million compared to JPY 404 million a year ago. Net sales decreased due to the continuing decrease in repeat customers from the previous fiscal year and the weak performance of apparel and fashion accessories in the mail-order business. Operating income improved despite lower sales, because of the reduction in SG&A expenses and recovery in gross profit led by a lower cost to sales ratio.
For 2016, the company expects net sales of JPY 133,700 million, operating income of JPY 1,300 million, ordinary income of JPY 1,750 million and net income of JPY 750 million or JPY 14.40 per share.
SENSHUKAI CO., LTD. is a Japan-based company mainly engaged in the mail-order business. The Company operates in three business segments. The Mail-order Sales segment is engaged in the mail order sales mainly through catalog and Internet. The Bridal segment is engaged in house wedding business. The Corporate segment provides solution services and promotion support for mail-order business and electronic commerce (EC) business. The other businesses include insurance and credit business, as well as childcare business.