Autobacs Seven Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2018; Provides Dividend Guidance for the Second Quarter and Full Year Ending March 31, 2018; Announces Dividend for the Year Ended March 31, 2017, Payable on June 28, 2017
May 08, 2017
Share
Autobacs Seven Co., Ltd. reported consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of JPY 204,033 million against JPY 208,142 million a year ago. Operating income was JPY 5,829 million against JPY 6,701 million a year ago. Ordinary income was JPY 7,120 million against JPY 7,780 million a year ago. Profit before income taxes was JPY 4,474 million against JPY 7,558 million a year ago. Profit attributable to owners of the parent was JPY 3,015 million against JPY 4,371 million a year ago. Basic net income per share was JPY 36.00 against JPY 51.60 a year ago. Net cash provided by operating activities was JPY 9,488 million against JPY 10,564 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 4,842 million against JPY 5,895 million a year ago. Net assets per share were JPY 1,540.12 against JPY 1,564.86 a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2018. For the year ending March 31, 2018, the company expects net sales of JPY 205,000 million, operating income of JPY 7,000 million, ordinary income of JPY 7,500 million, net income of JPY 5,200 million and net income per basic share of JPY 63.02.
The company announced year-end dividend of JPY 30 per share compared to JPY 30 per share paid a year ago. Start of cash dividend payments is June 28, 2017.
The company provided dividend guidance for the second quarter and full year ending March 31, 2018. The company expects second quarter end dividend of JPY 30 per share compared to JPY 30 per share paid a year ago.
For the year ending March 31, 2018, the company expects year-end dividend of JPY 30 per share compared to JPY 30 per share a year ago.
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 Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2018; Provides Dividend Guidance for the Second Quarter and Full Year Ending March 31, 2018; Announces Dividend for the Year Ended March 31, 2017, Payable on June 28, 2017
AUTOBACS SEVEN CO., LTD. 
