Autobacs Seven Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019; Announces Cash Dividend for the Year Ended March 31, 2018, Payable on June 22, 2018
May 01, 2018
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Autobacs Seven Co., Ltd. reported consolidated earnings results for the year ended March 31, 2018. For the year, the company reported net sales of JPY 211,630 million against JPY 204,033 million a year ago. Operating income was JPY 7,284 million against JPY 5,829 million a year ago. Ordinary income was JPY 8,226 million against JPY 7,120 million a year ago. Profit attributable to owners of parent was JPY 5,403 million against JPY 3,015 million a year ago. Basic net income per share was JPY 65.49 against JPY 36.0 a year ago. Net assets per share were JPY 1,537.59 against JPY 1,540.12 a year ago. Net cash provided by operating activities was JPY 16,394 million against JPY 9,488 million a year ago. Profit before income taxes was JPY 8,225 million against JPY 4,474 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 3,587 million against JPY 4,842 million a year ago.
The company provided earnings guidance for the year ending March 31, 2019. For the year, the company expects net sales of JPY 215,000 million, operating income of JPY 9,000 million, ordinary income of JPY 10,000 million, profit attributable to owners of parent of JPY 6,800 million and basic net income per share of JPY 82.41.
The company announced a year end dividend of JPY 30.00 per share for the year ended March 31, 2018 against JPY 30.00 per share paid a year ago. The company announced start of cash dividend payment is June 22, 2018.
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, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019; Announces Cash Dividend for the Year Ended March 31, 2018, Payable on June 22, 2018
AUTOBACS SEVEN CO., LTD. 
