Komehyo Co. Ltd. Reports Consolidated Earnings Results for the Quarter Ended June 2016; Provides Earnings Guidance for the Half and Year of Fiscal 2017; Provides Dividend Guidance for the Second Quarter and Year Ending March 31, 2017
August 12, 2016 at 12:00 pm
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Komehyo Co. Ltd. reported consolidated earnings results for the quarter ended June 2016. For the quarter, the company reported net sales of ¥9,153 million against ¥10,374 million reported last year. Operating loss was ¥55 million against income of ¥692 million reported last year. Ordinary loss was ¥68 million against income of ¥695 million reported last year. Loss attributable to owners of parent was ¥58 million or ¥5.30 basic per share against profit of ¥387 million ¥35.35 basic per share reported last year.
For the half year ended September 2016, the company expected net sales of ¥18,500 million, operating loss of ¥143 million, ordinary loss was ¥157 million and loss attributable to owners of parent was ¥160 million or ¥14.60 basic per share.
For the full year ended March 2017, the company expected net sales of ¥41,500 million, operating income of ¥1,230 million, ordinary income was ¥1,230 million and profit attributable to owners of parent was ¥840 million or ¥76.67 basic per share
The company provided dividend guidance for the second quarter and year ending March 31, 2017. For the second quarter, the company expects to pay a dividend of JPY 15.00 per share against JPY 15.00 per share paid a year ago.
For the year ending March 31, 2017, the company expects to pay a dividend of JPY 15.00 per share against JPY 15.00 per share paid 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 Quarter Ended June 2016; Provides Earnings Guidance for the Half and Year of Fiscal 2017; Provides Dividend Guidance for the Second Quarter and Year Ending March 31, 2017