Hikari Tsushin, Inc. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Fiscal 2018
February 13, 2018
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Hikari Tsushin, Inc. announced consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported Net Sales were JPY 311.1 billion against JPY 313.7 billion a year ago. Operating profit was JPY 36.2 billion against JPY 29.2 billion a year ago, increase in recurring profit, improvement in productivity, disposal of in-house real estate, etc. Net income attributable to shareholders was JPY 27.3 billion against JPY 31.8 billion a year ago, decrease in financial revenue and changes in the affiliate companies accounted for by the equity method led to decrease in investment returns. Recurring profit was JPY 60.7 billion against JPY 55.0 billion a year ago. Net income pre-tax was JPY 43.1 billion against JPY 49.8 billion a year ago. Cash flow from operating activities was up JPY 16.5 billion from JPY 9.1 billion due to decrease in corporate tax payment. Free cash flow was JPY 11.4 billion against JPY 6.9 billion a year ago.
For the fiscal 2018, the company expects net sales of JPY 400 billion, operating profit of JPY 46.5 billion, net profit attributable to shareholders of JPY 32.0 billion.
Hikari Tsushin Inc is a holding company mainly engaged in the corporate service business, personal service business, and agency sales business. The Company operates through three business segments. The Corporate Service segment is engaged in the sale of products planned and developed in-house, such as communication line services, electric power, and various systems, to small and medium-sized enterprises. The Personal Service segment mainly sells products planned and developed in-house, such as communication line services and home water distribution, to individuals. The Agency Sales segment is engaged in the sale of various products such as telecommunications carriers, insurance companies, and manufacturers.
Hikari Tsushin, Inc. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Fiscal 2018