Yuasa Funashoku Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending March 31, 2017
November 07, 2016 at 03:00 pm
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Yuasa Funashoku Co., Ltd. reported consolidated earnings results for the second quarter ended September 30, 2016. For the quarter, the company reported net sales of JPY 52,020 million against JPY 51,857 million a year ago. Operating income was JPY 851 million against JPY 849 million a year ago. Ordinary income was JPY 986 million against JPY 982 million a year ago. Profit attributable to owners of parent was JPY 493 million against JPY 655 million a year ago. Basic earnings per share were JPY 10.97 against JPY 14.57 a year ago. Net assets per share were JPY 612.37.
For the full year ending March 31, 2017, the consolidated company expects net sales to be JPY 108,800 million, operating income of JPY 2,100 million, ordinary income of JPY 2,300 million and profit attributable to owners of parent to be JPY 1,400 million, or JPY 31.14 per basic share.
The company provided dividend guidance for the full year ending March 31, 2017. The company expects to pay year-end dividend of JPY 10.00 per share for the year ending March 31, 2017 compared to JPY 10.00 per share for the same period last year.
YUASA FUNASHOKU CO., LTD. is a Japan-based company mainly engaged in the commercial business, hotel business, and real estate business. The Company operates through three business segments. The Commercial segment is mainly engaged in the wholesale of rice, flour, starch, sugar, fats and oils, feed, processed food and liquors. The Hotel segment is mainly engaged in the operation of hotels and restaurants. The Real Estate segment is mainly engaged in the real estate leasing business. The Company is also engaged in the logistics business and insurance agency business.
Yuasa Funashoku Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending March 31, 2017