Hibino Corporation Announces Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings and Dividend Guidance for the Year Ending March 31, 2018; Announces Second Quarter End Dividend, Payable on December 8, 2017
November 05, 2017
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Hibino Corporation announced consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported net sales of JPY 13,183 million against JPY 13,562 million a year ago. Operating profit was JPY 270 million against JPY 1,274 million a year ago. Ordinary profit was JPY 819 million against JPY 1,377 million a year ago. Profit attributable to owners of parent was JPY 505 million or JPY 50.55 per share against JPY 928 million or JPY 92.71 per share a year ago. Profit before income taxes was JPY 819.230 million against JPY 1,377.193 million a year ago.
The company announced second quarter end dividend of JPY 15.00 per share against JPY 30.00 per share paid for the same period a year ago. The dividend will be payable on December 8, 2017.
For the year ending March 31, 2018, the company expected dividend of JPY 15.00 per share against JPY 30.00 per share paid for the same period a year ago.
For the year ending March 31, 2018, the company expected consolidated net sales of JPY 30,000 million, operating profit of JPY 1,650 million, ordinary profit of JPY 2,000 million, profit attributable to owners of parent of JPY 1,350 million or earnings per share of JPY 134.87.
Hibino Corporation is engages in the audio and visual (AV) business. The Company operates in four business segments. The Audio Equipment Sales and Construction segment engages in the sale of audio and visual equipment for business uses, the system design, construction and maintenance of audio equipment, as well as design and construction of architectural acoustics works. The Video Product Development, Manufacture and Sales segment involves in the manufacture and sale of light emitting diode (LED) displays and peripherals products. The Concert and Event segment engages in the planning, rental and operation of AV systems used in concerts and events, as well as the recording, relay, track down and authoring services for concerts and events. The Others segment involves in sale of lighting equipment, as well as provision of system design, construction and maintenance business.
Hibino Corporation Announces Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings and Dividend Guidance for the Year Ending March 31, 2018; Announces Second Quarter End Dividend, Payable on December 8, 2017