TKP Corporation Reports Consolidated Earnings Results for the First Quarter Ended May 31, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending August 31, 2018 and Fiscal Year Ending February 28, 2019
July 16, 2018
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TKP Corporation reported consolidated earnings results for the first quarter ended May 31, 2018. For the quarter, the company reported net sales of JPY 9,118 million compared to JPY 7,253 million a year ago. Operating income was JPY 1,765 million compared to JPY 1,415 million a year ago. Ordinary income was JPY 1,708 million compared to JPY 1,247 million a year ago. Net income attributable to owners of parent was JPY 992 million or JPY 29.76 per diluted share compared to JPY 747 million or JPY 23.21 per diluted share a year ago. Net income before income taxes was JPY 1,708 million compared to JPY 1,247 million a year ago.
The company provided consolidated earnings guidance for the six months ending August 31, 2018 and fiscal year ending February 28, 2019. For the six months ending August 31, 2018, the company expects net sales of JPY 17,222 million, operating income of JPY 2,445 million, ordinary income of JPY 2,319 million and net income attributable to owners of parent of JPY 1,342 million or JPY 41.17 per share.
For the fiscal year ending February 28, 2019, the company expects net sales of JPY 34,550 million, operating income of JPY 4,004 million, ordinary income of JPY 3,729 million and net income attributable to owners of parent of JPY 2,120 million or JPY 65.05 per share.
TKP Corporation is a Japan-based company mainly engaged in space regeneration distribution business by utilizing idle real estate. It is mainly engaged in meeting rooms and banquet halls leasing services. It manages rental conference rooms through TKP Rental Conference Room Net which is a tool to attract customers. Meeting rooms are used for conferences, seminars and lectures, training, examinations, social gatherings, exhibitions. Rooms are mainly located in metropolitan areas such as Tokyo, Sapporo, Fukuoka, Nagoya, Kyoto, Osaka, Hiroshima, New York and New Jersey. It also provides related services such as drinks and catering, rental options, lodging, event production and management support. Optional services rent meeting equipment. Accommodation service operates new style business hotels with meeting room facilities. It also provides building management services, telemarketing services, medical association operation consulting services and event production services.
TKP Corporation Reports Consolidated Earnings Results for the First Quarter Ended May 31, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending August 31, 2018 and Fiscal Year Ending February 28, 2019
TKP CORPORATION 
