Autobacs Seven Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Half Year and Full Year of Fiscal Year Ending March 31, 2017
July 28, 2016
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Autobacs Seven Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 47,549 million against JPY 49,095 million a year ago. Operating income was JPY 180 million against JPY 968 million a year ago. Ordinary income was JPY 539 million against JPY 1,323 million a year ago. Income before income taxes and minority interests was JPY 539 million against JPY 1,323 million a year ago. Profit attributable to owners of parent was JPY 210 million against JPY 582 million a year ago. Basic net income per share was JPY 2.50 against JPY 6.75 per share a year ago.
For the half year of fiscal year ending March 31, 2017, the company expects net sales of JPY 100,600 million, operating income of JPY 2,500 million, ordinary income of JPY 2,900 million, profit attributable to owners of parent of JPY 1,700 million and basic net income per share of JPY 20.23.
For the fiscal year ending March 31, 2017, the company expects net sales of JPY 214,900 million, operating income of JPY 8,000 million, ordinary income of JPY 8,900 million, profit attributable to owners of parent of JPY 5,800 million and basic net income per share of JPY 32.7.
Autobacs Seven Co Ltd is a Japan-based company primarily engaged in the retail and wholesale of automobile products, the purchase and sale of vehicles, the provision of vehicle inspection and maintenance services, as well as the loan credit business. The Company operates in four segments. The Domestic Autobacs segment is engaged in the wholesale of car products and the leasing of store facilities. The Overseas segment is engaged in the sales of car accessories, the provision of installation service and the maintenance of cars to general consumers. The Car, Dealers and B-to-B segment is engaged in the sales of imported cars, the purchase of used cars and the sales of the cars to second hand car dealers and others. The Others segment is engaged in the leasing business to domestic franchise chain affiliates.
Autobacs Seven Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Half Year and Full Year of Fiscal Year Ending March 31, 2017
AUTOBACS SEVEN CO., LTD. 
