Okinawa Cellular Telephone Company Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
July 26, 2016
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Okinawa Cellular Telephone Company announced consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company's operating revenues were ¥15,122 million compared with ¥14,971 million a year ago, resulting from an increase in revenues received from communication fees owing to the expanded customer base for au mobile phones and au HIKARI Chura, thanks to the steady progress of the Okinawa 3M Strategy. Operating income was ¥3,618 million compared with ¥3,071 million a year ago. Recurring profits was ¥3,631 million compared with ¥3,086 million a year ago. Profit attributable to owners of parent was ¥2,448 million or ¥89.56 per share compared with ¥2,018 million or ¥73.83 per share a year ago. Net cash provided by operating activities was ¥1,958 million compared with ¥2,720 million a year ago. Profit before income taxes was ¥3,631 million compared with ¥3,086 million a year ago. Ordinary income was ¥3,631 million compared with ¥3,086 million a year ago. Purchase of property, plant and equipment was ¥1,836 million compared with ¥1,899 million a year ago. Purchase of intangible assets was ¥1 million compared with ¥122 million a year ago.
For the year ending March 31, 2017, the company forecasts operating revenues of ¥62,900 million, operating income of ¥11,500 million, recurring profits of ¥11,600 million and profit attributable to owners of parent of ¥7,800 million or ¥285.28 per share.
OKINAWA CELLULAR TELEPHONE COMPANY is a Japan-based company mainly engaged in the telecommunications business. The Company is engaged in the provision of mobile services, domestic and international communication services, and Internet services. The Company also provides dedicated services, au mobile phone services, au mobile phone terminal sales, renting and maintenance of communication equipment, and outsourcing lines. The Company is also engaged in the production and sales of agricultural business, and tourism business.
Okinawa Cellular Telephone Company Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017