Meitec Corporation Announces Consolidated Earnings Results for the Third Quarter Ended December 31, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2018; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2018
February 31, 2018
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Meitec Corporation announced consolidated earnings results for the third quarter ended December 31, 2017. For the period, the company reported net sales of ¥70,087 million against ¥66,817 million a year ago. Operating income was ¥9,214 million against ¥8,150 million a year ago. Ordinary income was ¥9,219 million against ¥8,155 million a year ago. Profit before income taxes was ¥9,297.192 million against ¥8,182.233 million a year ago. Profit attributable to owners of parent was ¥6,257 million or ¥220.14 per share against ¥5,596 million or ¥192.52 per share a year ago.
For the fiscal year ending March 31, 2018, the company expects net sales of ¥93,000 million, operating income of ¥10,900 million, ordinary income of ¥10,900 million, profit attributable to owners of parent of ¥7,400 million and earnings per share of ¥260.14.
The company expected to pay dividend of ¥82.00 per share for the year ending March 31, 2018 against ¥83.50 per share paid a year ago.
Meitec Group Holdings Inc, formerly Meitec Corp, is a Japan-based company mainly engaged in the engineering solutions business and engineer introduction business. The Company operates in two business segments. The Engineering Solutions business segment is engaged in the provision of engineering solution services with a focus on engineer dispatch services. This segment includes high-end engineer dispatching business, middle-range engineer dispatching business, senior engineer dispatching business, registered staffing business whose main customers are the manufacturing industry, and general outsourcing business. The Engineer Introduction business segment is engaged in the employment placement business for engineers.
Meitec Corporation Announces Consolidated Earnings Results for the Third Quarter Ended December 31, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2018; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2018