USS Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Consolidated Earnings Guidance for the Second Quarter and Full Year of the Fiscal Year Ending March 31, 2017
May 08, 2016
Share
USS Co. Ltd. reported consolidated earnings results for the year ended March 31, 2016. For the period, the company reported net sales of JPY 68,607 million against JPY 67,466 million a year ago. Operating income was JPY 34,491 million against JPY 33,411 million a year ago. Ordinary income was JPY 35,218 million against JPY 34,027 million a year ago. Profit attributable to owners of parent was JPY 22,477 million against JPY 21,661 million a year ago. Diluted profit per share was JPY 86.76 against JPY 83.64 a year ago. ROE was 15.1% against 15.8% a year ago. ROA was 19.5% against 20.1% a year ago. Income before income taxes and minority interests was JPY 34,418 million against JPY 34,162 million a year ago. Net cash provided by operating activities was JPY 26,030 million against JPY 24,287 million a year ago. Purchase of property, plant and equipment was JPY 8,455 million against JPY 2,121 million a year ago. Purchase of intangible assets was JPY 275 million against JPY 369 million a year ago.
The company provided consolidated earnings guidance for the second quarter and full year of the fiscal year ending March 31, 2017. For the second quarter ending, the company expects net sales of JPY 34,750 million, operating income of JPY 16,900 million, ordinary income of JPY 17,200 million, profit attributable to owners of parent of JPY 11,600 million, profit per share of JPY 45.16.
For the full year ending, the company expects net sales of JPY 71,450 million, operating income of JPY 34,700 million, ordinary income of JPY 35,500 million, profit attributable to owners of parent of JPY 23,800 million, profit per share of JPY 92.69.
USS Co Ltd is a Japan-based company mainly engaged in the auto auctions business. The Company operates in two business segments. The Auto Auction segment is engaged in the operation of auto auctions with used car dealers as members, the management of motorcycle auctions with used motorcycle dealers as members, the provision of auto auction connection services by satellite TV line and Internet, the provision of used car information services, the land transportation agency of exhibited cars and successful cars of auto auction, as well as the provision of financial services for auto auction members. The Used Automobile Purchase and Sale segment is engaged in the purchase and sale of used cars and accident-affected vehicles. The other business is engaged in the recycling of used vehicles, the provision of agency services for used vehicles, the sale of solar power generation systems and rental cars, as well as production and sale of recycled plastics.
USS Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Consolidated Earnings Guidance for the Second Quarter and Full Year of the Fiscal Year Ending March 31, 2017