Treasure Factory Co. Ltd. Reports Non-Consolidated Earnings Results for the Six Months Ended August 31, 2014; Provides Earnings Guidance for the Year Ending February 28, 2015
October 17, 2014 at 08:00 pm
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Treasure Factory Co. Ltd. reported non-consolidated earnings results for the six months ended August 31, 2014. For the period, the company reported net sales of JPY 4,918,275,000 compared to JPY 4,231,163,000 a year ago. Operating income was JPY 428,973,000 compared to JPY 276,270,000 a year ago. Income before income taxes was JPY 442,745,000 compared to JPY 287,729,000 a year ago. Net income was JPY 243,933,000 compared to JPY 159,129,000 a year ago. Net income per diluted share was JPY 43.06 compared to JPY 28.50 a year ago. Cash flows from operating activities JPY 332,031,000 compared to JPY 131,516,000 a year ago. Purchase of property, plant and equipment was JPY 113,756,000 compared to JPY 97,455,000 a year ago. Purchase of intangible assets was JPY 84,431,000 compared to JPY 606,000 a year ago.
The company provided earnings guidance for the year ending February 28, 2015. For the period, the company expected operating income of JPY 740 million, ordinary income of JPY 753 million and net income of JPY 436 million or JPY 78.46 per share on net sales of JPY 10,111 million.
Treasure Factory Co.,LTD. is a Japan-based company mainly engaged in the operation of reuse shop. The Companyâs main products are second-hand goods that are reused items, including clothing, home appliances, furniture, household goods, branded goods, sports and outdoor goods, musical instruments, hobby goods, among others. The Company operates through six store formats. Treasure Factory handles a variety of reused items. Trefaku Style specializes in clothing and accessories. Brand Collect specializes in used brand clothing. Trefuf Sports specializes in sports outdoor equipment. Uselet specializes in low-cost clothing and accessories and Trefaku Market is a suburban large-scale store that mainly handles home appliances and furniture. The Company is also involved in the sale of products through the internet.
Treasure Factory Co. Ltd. Reports Non-Consolidated Earnings Results for the Six Months Ended August 31, 2014; Provides Earnings Guidance for the Year Ending February 28, 2015