SBS Holdings, Inc. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2018; Provides earnings Guidance for Fiscal Year Ending December 31, 2018
November 12, 2018
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SBS Holdings, Inc. reported consolidated earnings results for the nine months ended September 30, 2018. For the period, the company reported net sales of JPY 136,018 million compared to JPY 111,925 million a year ago. Operating income was JPY 3,554 million compared to JPY 4,202 million a year ago. Ordinary income was JPY 3,435 million compared to JPY 4,442 million a year ago. Net income attributable to owners of parent was JPY 1,847 million or JPY 46.51 per share compared to JPY 2,954 million or JPY 74.40 per share a year ago. Net income before income taxes and minority interests JPY 4,432 million as compared to JPY 3,453 million a year ago.
The company provided earnings guidance for fiscal year ending December 31, 2018. For the fiscal year ending December 31, 2018, the company expects net sales of JPY 202,000 million, operating income of JPY 7,500 million, ordinary income of JPY 7,200 million and Net income attributable to owners of parent of JPY 4,000 million or JPY 100.71 per share.
SBS Holdings, Inc. is a holding company mainly engaged in the provision of logistics and related services. The Company has three businesses. The logistics business provides third party logistics (3PL), food distribution, material and product transportation, same-day delivery, international logistics and logistics-related consulting services. The real estate business is engaged in the leasing of offices, residential properties and warehouses, and the development and sale of logistics facilities. The others business is involved in the provision of logistics-related staffing services, environment business, marketing business, as well as solar power business.
SBS Holdings, Inc. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2018; Provides earnings Guidance for Fiscal Year Ending December 31, 2018