Wakita & Co., LTD. Reports Consolidated Earnings Results for the Nine Month Period Ended November 30, 2016; Provides Earnings Guidance for Fiscal Year Ending February 28, 2017; Provides Dividend Guidance for the Fiscal 2017
January 06, 2017 at 03:30 pm
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Wakita & Co., LTD. reported consolidated earnings results for the nine month period ended November 30, 2016. For the period, the company's net sales were JPY 44,911 million against JPY 44,619 for the prior year period. Operating income was JPY 4,814 million against JPY 5,558 million for the prior year period. Operating income was JPY 4,901 million against JPY 5,687 million for the prior year period. Net income was JPY 2,970 against JPY 3,609 million for the prior year period. Profit before income taxes was JPY 4,211 against JPY 5,714 million for the prior year period. Net income per share was JPY 57.12 against JPY 69.41 a year ago.
For the fiscal year ending February 28, 2017, the company expects net sales of JPY 57,000 million, operating income of JPY 5,200 million, ordinary income of JPY 5,400 million and net income of JPY 3,000 million or JPY 57.69 per share.
For the fiscal 2017, the company plans to pay dividend of JPY 30.00 per share against JPY 30.00 per share a year ago.
Wakita & Co.,LTD. is a Japan-based company engaged in the sale and leasing of civil engineering and construction machinery, cargo handling and transport machines, commercial equipment, video and audio equipment, game machines, construction materials, as well as rental & sale of real estate. The Company operates through three business segments. Construction Equipment segment is engaged in the sale and rental of civil engineering and construction machinery. Commercial Affairs segment is engaged in the sale of commercial facilities, audio equipment and game machines, among others. Real Estate segment is engaged in lease and sale of real estate including commercial buildings and condominiums.
Wakita & Co., LTD. Reports Consolidated Earnings Results for the Nine Month Period Ended November 30, 2016; Provides Earnings Guidance for Fiscal Year Ending February 28, 2017; Provides Dividend Guidance for the Fiscal 2017