Token Corporation Reports Consolidated and Non Consolidated Earnings Results for the Full Year Ended April 30, 2016; Provides Earnings Guidance for the First Half Year Ending October 31, 2016 and Full Year Ending April 30, 2017
June 14, 2016 at 04:00 pm
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Token Corporation reported consolidated and non consolidated earnings results for the full year ended April 30, 2016. For the year, on consolidated basis, the company's net sales were JPY 283,731 million compared to JPY 265,340 million a year ago. Operating income was JPY 13,181 million compared to JPY 9,445 million a year ago. Ordinary income was JPY 13,607 million compared to JPY 10,272 million a year ago. Profit attributable to owners of parent was JPY 8,634 million or JPY 641.64 per basic share compared to JPY 6,217 million or JPY 461.75 per basic share a year ago. Rate of return on equity was 14.0% compared to 11.1% a year ago. Cash flows from operating activities were JPY 19,001 million compared to JPY 14,308 million a year ago.
For the year, on non consolidated basis, the company's net sales were JPY 157,842 million compared to JPY 148,416 million a year ago. Operating income was JPY 7,636 million compared to JPY 5,145 million a year ago. Ordinary income was JPY 10,200 million compared to JPY 7,829 million a year ago. Profit was JPY 7,125 million or JPY 529.51 per basic share compared to JPY 5,458 million or JPY 405.39 per basic share a year ago.
For the first half year ending October 2016, the company expects net sales to be JPY 141,835 million. Operating income expected to be JPY 6,359 million. Ordinary income expected to be JPY 6,482 million. Profit attributable to owners of parent expected to be JPY 4,143 million. Earnings per share expected to be JPY 307.96.
For the full year ending April 2017, the company expects net sales to be JPY 301,836 million. Operating income expected to be JPY 14,808 million. Ordinary income expected to be JPY 15,070 million. Profit attributable to owners of parent expected to be JPY 10,057 million. Earnings per share expected to be JPY 747.42.
TOKEN CORPORATION is a Japan-based company primarily engaged in the construction business. The Construction segment is engaged in the planning, proposal, design and construction of apartments, condominiums for rent, one-year condominiums, senior condominiums and stores, as well as the production, processing and sale of construction materials. This segment is also engaged in the loan business, as well as the provision of life and non-life insurance agency services. The Real Estate Leasing segment is involved in the leasing of real estate, the lease agency of buildings built by the Company and other general residential buildings, as well as the management of leased properties. The Others segment involves in the provision of advertising agency services and travel agency services, as well as the operation of golf courses and country clubs.
Token Corporation Reports Consolidated and Non Consolidated Earnings Results for the Full Year Ended April 30, 2016; Provides Earnings Guidance for the First Half Year Ending October 31, 2016 and Full Year Ending April 30, 2017