Rizap Group, Inc. Announces Consolidated Earnings Results for Six Months Ended September 30, 2017; Provides Earnings Guidance for Ending March 31, 2018
November 13, 2017
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RIZAP GROUP, Inc. announced consolidated earnings results for six Months Ended September 30, 2017. For the period, company reported revenue of JPY 62,581 million compared to JPY 41,507 million a year ago. Operating income of JPY 5,003 million compared to JPY 6,393 million a year ago. Income before income taxes were JPY 4,394 million compared to JPY 6,064 million a year ago. Net income was JPY 3,446 million compared to JPY 4,468 million a year ago. Net income attributable to owners of the parent company was JPY 2,948 million compared to JPY 4,262 million a year ago. Diluted earnings per share was JPY 11.56 compared to JPY 16.72 per share a year ago.
For the year ending March 2018, the company forecast revenue of JPY 150,202 million, operating income of JPY 13,010 million, income before taxes of JPY 11,983 million, net income of JPY 9,062 million, net income attributable to owners of the company was JPY 8,007 million and basic earnings per share of JPY 31.42.
Rizap Group Inc is engaged in the beauty and healthcare, lifestyle and platform businesses. The Company operates in three business segments. The Beauty and Healthcare segment operates RIZAP-related businesses such as the personal training gyms RIZAP and RIZAPGOLF, and sells body-adjusting underwear, beauty-related products, cosmetics, health foods, sports products and others. The Lifestyle segment is involved in the planning, development, manufacture, and sale of interiors, apparel miscellaneous goods, casual wear, and design twisted yarn, as well as custom housing and remodeling businesses. The Platform segment is the retail business of entertainment products and store operations in the reuse business, editing and issuing of free papers, publishing business, and the business that forms the basis of the group's entire value chain.
Rizap Group, Inc. Announces Consolidated Earnings Results for Six Months Ended September 30, 2017; Provides Earnings Guidance for Ending March 31, 2018