Toei Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Second Quarter Ending September 2016 and Full Year Ending March 2017; Provides Dividend Guidance for the Second Quarter of 2017; Provides Dividend Guidance for the Year Ending March 31, 2017
August 12, 2016 at 03:00 pm
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Toei Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 28,386 million against JPY 30,322 million a year ago. Operating income was JPY 3,251 million against JPY 4,200 million a year ago. Ordinary income was JPY 4,329 million against JPY 5,291 million a year ago. Profit attributable to owners of parent was JPY 2,302 million or JPY 18.23 per basic share against JPY 2,659 million or JPY 21.06 per basic share a year ago.
For the second quarter ending September 2016, the company expects net sales of JPY 58,000 million, operating income of JPY 7,200 million, ordinary income of JPY 8,500 million, profit attributable to owners of parent of JPY 3,900 million or JPY 30.88 per basic share.
For the year ending March 2017, the company expects net sales of JPY 109,000 million, operating income of JPY 11,000 million, ordinary income of JPY 13,000 million, profit attributable to owners of parent of JPY 6,400 million or JPY 50.68 per basic share.
The company provided dividend guidance for the second quarter of fiscal year 2017. For the quarter, the company expects to pay dividend of JPY 3.00 per share against JPY 3.00 per share a year ago.
For the year ending March 31, 2017, the company expects to pay dividend of JPY 3.00 per share against JPY 4.00 per share a year ago.
TOEI COMPANY, LTD. is a Japan-based company mainly involved in the image related business. It has five business segments. The Image-related segment is engaged in the production, distribution, import and export of theater movies, the production and sale of digital versatile disk (DVD), the production and distribution of television (TV) films, the development of movie films, as well as the advertising agency business, among others. The Distribution-related segment operates direct managed theaters and cinema complexes. The Event-related segment plans and operates the characters in its films and culture events. The Tourism and Real Estate segment is engaged in the leasing of real estate and the operation of hotels. The Construction and Interior Decoration segment is involved in the construction and interior decoration businesses.
Toei Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Second Quarter Ending September 2016 and Full Year Ending March 2017; Provides Dividend Guidance for the Second Quarter of 2017; Provides Dividend Guidance for the Year Ending March 31, 2017