Hotland Co., Ltd. Reports Unaudited Consolidated and Non Consolidated Earnings Results for Nine Months Ended December 31, 2016; Provides Year End Dividend Outlook for Fiscal Year 2017, Payable from March 31, 2017; Provides Earnings Outlook for the Year Ending December 31, 2017
February 13, 2017
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Hotland Co., Ltd. reported unaudited consolidated and non consolidated earnings results for nine months ended December 31, 2016. For the period, on consolidated basis, the company's net sales were ¥31,533 million against ¥30,941 million a year ago. Operating income was ¥1,077 million against ¥1,523 million a year ago. Ordinary income was ¥964 million against ¥1,500 million a year ago. Net loss attributable to owners of parent was ¥661 million against profit of ¥770 million a year ago. Net loss per share was ¥36.02 against income of ¥42.31 a year ago. Negative return on equity was 15.85% against ROE of 18.5% a year ago. Cash flows from operating activities were ¥1,408 million against ¥2,132 million a year ago.
For the period, on non consolidated basis, the company's net sales were ¥26,536 million against ¥27,734 million a year ago. Operating income was ¥1,492 million against ¥1,565 million a year ago. Ordinary income was ¥1,416 million against ¥1,547 million a year ago. Net loss was ¥751 million against profit of ¥855 million a year ago. Net loss per share was ¥40.97 against income of ¥46.97 a year ago.
For the fiscal year 2017, the company expects year end dividend of ¥5.00 per share, payable from March 31, 2017.
For the year ending December 31, 2017, the company expects net sales of ¥34,000 million, operating income of ¥1,250 million, ordinary income of ¥1,150 million and net income attributable to owners of parent of ¥350 million or ¥19.07 per share.
HOTLAND Co.,Ltd. is a Japan-based company primarily engaged in the operation of restaurant chains. The Company mainly operates its restaurants under the brands of Gindaco, COLD STONE CREAMERY, Gin'noan and Ogamaya, among others. The Company operates its restaurant busness under several brands both in domestic and overseas markets.
Hotland Co., Ltd. Reports Unaudited Consolidated and Non Consolidated Earnings Results for Nine Months Ended December 31, 2016; Provides Year End Dividend Outlook for Fiscal Year 2017, Payable from March 31, 2017; Provides Earnings Outlook for the Year Ending December 31, 2017