VT Holdings Co. Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Guidance for the Six Months Ending September 2018 and Full Year Ending March 31, 2019
May 11, 2018 at 08:00 am
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VT Holdings Co. Ltd. reported consolidated earnings results for the year ended March 31, 2018. For the year, the company's net sales were ¥202,133 million against ¥169,560 million a year ago. Operating income was ¥6,780 million against ¥7,592 million a year ago. Ordinary income was ¥7,173 million against ¥7,937 million a year ago. Profit attributable to owners of parent was ¥3,765 million against ¥4,421 million a year ago. Basic earnings per share were ¥32.00 against ¥37.58 a year ago. Return on equity was 10.4% against 13.1% a year ago. Cash flows from operating activities were ¥13,189 million against ¥11,017 million a year ago.
For the six months ending September 2018, the company expects net sales of ¥100,000 million, operating income of ¥3,200 million, ordinary income of ¥3,300 million and profit attributable to owners of parent of ¥1,900 million or ¥16.19 per basic share.
For the year ending March 2019, the company expects net sales of ¥210,000 million, operating income of ¥8,000 million, ordinary income of ¥8,200 million and profit attributable to owners of parent of ¥4,800 million or ¥40.90 per basic share.
VT Holdings Co Ltd is a Japan-based company mainly engaged in the car sales related business mainly consisting of dealership business, car rental business and car export business. The Company operates through two business segments. The Automobile Sales Related segment is involved in the car sales related business including new car dealership business, which sells new and used cars and repairs automobiles, the import car importer business, used car export business, car rental business and others. The Housing Related segment is involved in the condominium sales, single-family home sales, construction contracts and others. The Company is also involved in the group-wide management business.
VT Holdings Co. Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Guidance for the Six Months Ending September 2018 and Full Year Ending March 31, 2019