Tosho Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2015; Provides Consolidated and Non-Consolidated Earnings Guidance for the Six Months Ending September 30, 2015 and Year Ending March 31, 2016; Declares Dividend for the Year Ended March 31, 2015, Expects to Pay on June 24, 2015; Provides Dividend Guidance for the Six Months Ending September 30, 2015 and Year Ending March 31, 2016
May 11, 2015
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Tosho Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2015. For the year, on consolidated basis, reported net sales of JPY 16,888 million, operating income of JPY 4,305 million, ordinary income of JPY 4,203 million and net income of JPY 2,536 million or JPY 132.40 per share. Return on equity was 17.0%. Ratio of ordinary income to total assets was 12.3%. Cash flows from operating activities were JPY 4,492 million.
For the year, on non-consolidated basis, reported operating revenues of JPY 15,837 million, operating income of JPY 3,994 million, ordinary income of JPY 3,920 million and net income of JPY 2,320 million or JPY 121.13 per share as compared to operating revenues of JPY 15,226 million, operating income of JPY 3,616 million, ordinary income of JPY 3,501 million and net income of JPY 1,975 million or JPY 107.29 per share for the same period a year ago.
The company provided consolidated and non-consolidated earnings guidance for the six months ending September 30, 2015 and year ending March 31, 2016. For the six months ending September 30, 2015, on consolidated basis, expects net sales of JPY 9,000 million, operating income of JPY 2,382 million, ordinary income of JPY 2,334 million and net income of JPY 1,295 million or JPY 67.61 per share.
For the year ending March 31, 2016, on consolidated basis, expects net sales of JPY 18,200 million, operating income of JPY 4,800 million, ordinary income of JPY 4,700 million and net income of JPY 2,620 million or JPY 136.78 per share.
For the six months ending September 30, 2015, on non-consolidated basis, expects net sales of JPY 7,750 million, ordinary income of JPY 1,980 million and net income of JPY 1,164 million or JPY 60.77 per share.
For the year ending March 31, 2016, on non-consolidated basis, expects net sales of JPY 15,653 million, ordinary income of JPY 3,985 million and net income of JPY 2,350 million or JPY 122.69 per share.
The company declared a March 31, 2015 year end dividend of JPY 10.00 per share compared to JPY 10.00 per share a year ago. Expected starting date of dividend payment is June 24, 2015.
The company provided dividend guidance for the six months ending September 30, 2015 and year ending March 31, 2016. For the six months ending September 30, 2015, expects to pay a dividend of JPY 10.00 per share compared to JPY 9.00 per share a year ago.
For the year ending March 31, 2016, the company expects to pay a dividend of JPY 10.00 per share compared to JPY 10.00 per share a year ago.
TOSHO CO., LTD. is a company mainly engaged in the operation of sports clubs for adults only. The Company operates in three business segments. The Sports Club segment is engaged in the operation of golf practice ranges under the name HOLIDAY SPORTS CLUB. The Hotel segment is engaged in the operation of hotels under the name AB HOTEL in Aichi prefecture. The Real Estate segment is engaged in the lease and operation of condominiums under the name A.City in Aichi prefecture.
Tosho Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2015; Provides Consolidated and Non-Consolidated Earnings Guidance for the Six Months Ending September 30, 2015 and Year Ending March 31, 2016; Declares Dividend for the Year Ended March 31, 2015, Expects to Pay on June 24, 2015; Provides Dividend Guidance for the Six Months Ending September 30, 2015 and Year Ending March 31, 2016