Komehyo Co.,Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2020
August 13, 2019 at 02:00 am
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Komehyo Co.,Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of ¥12,439 million compared to ¥11,271 million a year ago. Operating income was ¥92 million compared to ¥329 million a year ago. Net income attributable to owners of parent was ¥49 million or ¥4.55 per basic share compared to ¥211 million or ¥19.27 per basic share a year ago.
The company provided consolidated earnings guidance for the first half and fiscal year 2020. For the first half, the company expects net sales of ¥27,000 million, operating income was ¥458 million and net income attributable to owners of parent was ¥243 million or ¥22.18 per basic share a year ago.
For the fiscal year ending March 31, 2020, the company expects net sales of ¥56,400 million, operating income was ¥1,329 million and net income attributable to owners of parent was ¥727 million or ¥66.35 per basic share a year ago.
Komehyo Holdings Co Ltd, formerly Komehyo Co Ltd, is a Japan-based company mainly engaged in the brand fashion business, the tire and wheel business and other business. The Company operates in two business segments. The Brand Fashion segment is involved in the purchase, sale, brokerage and auction management of new and used jewelry products, precious metals, watches, bags, clothing, kimono, cameras, musical instruments and others, as well as the sale of apparels, sneakers and shoe care products. The Tire and Wheel segment is involved in the planning, research, development, manufacture and sale of tires and wheels for passenger cars, automobile supplies and parts. The Company is also engaged in the leasing of real estate properties.
Komehyo Co.,Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2020