Sagami Chain Co. Ltd. Reports Consolidated Earnings Results for the Year Ended January 20, 2012; Provides Consolidated Earnings Guidance for the Interim Period and the Period from January 21, 2012 to March 31, 2013
March 29, 2012
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Sagami Chain Co. Ltd. reported consolidated earnings results for the year ended January 20, 2012. For the year, net sales were JPY 19,561 million compared to JPY 20,134 million for the same period a year ago. Operating income was JPY 146 million compared to operating loss of JPY 230 million for the same period a year ago. Ordinary income was JPY 149 million compared to ordinary loss of JPY 205 million for the same period a year ago. Net loss was JPY 743 million compared to JPY 1,221 million for the same period a year ago. Net loss per share, fully diluted was JPY 30.50 compared to JPY 50.08 for the same period a year ago. Negative return on shareholder's equity was 7.6% compared to 11.3% for the same period a year ago. Net cash generated from operating activities was JPY 606 million compared to net cash used in operating activities of JPY 98 million for the same period a year ago.
The company provided consolidated earnings guidance for the interim period and the period from January 21, 2012 to March 31, 2013. For the period from January 21, 2012 to March 31, 2013, the company expects to report operating income of JPY 280 million, ordinary income of JPY 270 million and net income of JPY 160 million or JPY 6.56 per share on net sales of JPY 21,600 million.
For the interim period, the company expects to report operating income of JPY 0 million, ordinary loss of JPY 10 million and net loss of JPY 50 million or JPY 2.05 per share on net sales of JPY 9,200 million.
Sagami Holdings Corporation, formerly SAGAMI CHAIN CO., LTD. is mainly engaged in the operation of restaurants, the provision of materials to franchised restaurants and the provision management guidance services. Restaurant segment has four business divisions. The Japanese Noodles division is engaged in the operation of SAGAMI that specializes in Japanese noodles. The Ajino-mingei division is involved in the operation of Ajino-mingei. The Don-Don-An division is involved in the management of Don-Don-An restaurants that offer noodles in self-service basis, and the provision of materials and operation guidance to its franchise stores. The Others division is engaged in the operation of stores which provide noodles, spaghetti, among others. The Others segment is engaged in the non-life and life insurance agency business, the maintenance of store equipment, as well as real estate leasing business.
Sagami Chain Co. Ltd. Reports Consolidated Earnings Results for the Year Ended January 20, 2012; Provides Consolidated Earnings Guidance for the Interim Period and the Period from January 21, 2012 to March 31, 2013