First-corporation Inc. Announces Non-Consolidated Earnings Results for the Six Months Ended November 30, 2017; Provides Dividend Guidance for the Year Ending May 31, 2018; Provides Earnings Guidance for the Fiscal Year Ending May 31, 2018
January 09, 2018
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First-corporation Inc. announced non-consolidated earnings results for the six months ended November 30, 2017. For the six months period, the company reported net sales of JPY 10,211 million compared to JPY 12,972 million a year ago. Operating income was JPY 1,037 million compared to JPY 1,016 million a year ago. Ordinary income was JPY 1,030 million compared to JPY 999 million a year ago. Net income was JPY 705 million compared to JPY 688 million a year ago. Diluted net income per share was JPY 52.75 compared to JPY 55.93 a year ago. Income before income taxes was JPY 1,030.158 million compared to JPY 999.059 million a year ago. Cash flows from operating activities were JPY 2,824.183 million compared to JPY 4,309.119 million a year ago. Purchase of property, plant and equipment was JPY 6.400 million compared to JPY 2.600 million a year ago.
The company provided dividend guidance for the year ending May 31, 2018. For the year ending May 31, 2018, the company expects to pay a dividend of JPY 38.00 per share compared to JPY 37.00 per share a year ago.
The company provided earnings guidance for the fiscal year ending May 31, 2018. For the fiscal year, the company expects net sales of JPY 27,667 million, operating income of JPY 2,442 million, ordinary income of JPY 2,392 million, net income of JPY 1,653 million, and net income per share of JPY 123.82.
First-corporation Inc. is a Japan-based company primarily engaged in the condominium construction business. Its main businesses include construction work that specializes in condominium, commercialized proposal to condominium developers, construction industry permit based on the Construction Business Act, registration as ARCHITECTS based on the Architect Act and Construction Business Act, intermediation of real estates, as well as brokering and trading of real estate generated in the process of commercialization proposal to condominium developers. Its business areas are Tokyo, Kyushu and surrounding areas.
First-corporation Inc. Announces Non-Consolidated Earnings Results for the Six Months Ended November 30, 2017; Provides Dividend Guidance for the Year Ending May 31, 2018; Provides Earnings Guidance for the Fiscal Year Ending May 31, 2018