Aoyama Zaisan Networks Company Limited Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Year Ending December 31, 2017
November 06, 2017
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Aoyama Zaisan Networks Company Limited reported consolidated earnings results for the nine months ended September 30, 2017. For the period, the company reported net sales of JPY 9,993 million, operating income of JPY 762 million, ordinary income of JPY 695 million, profit attributable to owners of the parent of JPY 654 million or JPY 56.40 per diluted share, compared to net sales of JPY 8,535 million, operating income of JPY 608 million, ordinary income of JPY 452 million, profit attributable to owners of the parent of JPY 437 million or JPY 36.89 per basic share a year ago. Income before income taxes and minority interests was JPY 691,892,000 compared to JPY 451,309,000 a year ago.
For the year ending December 31, 2017, the company expects net sales of JPY 14,800 million, operating income of JPY 1,050 million, ordinary income of JPY 890 million, profit attributable to owners of the parent of JPY 745 million or JPY 64.49 per share.
Aoyama Zaisan Networks Company, Limited is a Japan-based company mainly engaged in property consulting services for asset owners and corporations. The Company earns remuneration through providing consulting services for assets succession, operation, and management. There are four types of revenue. Property consulting revenues are from property and financial consulting services that provide support from consultation to execution of property succession, operation and management. Real estate transaction revenues are from sales of individual real estate properties and sales of the Real Estate Co-ownership System which meet customer asset management needs. Sublease income is earned by renting and operating rental properties owned by asset owners. Other revenues are from network dues, seminars, and property consulting related books publication.
Aoyama Zaisan Networks Company Limited Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Year Ending December 31, 2017