USS Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Second Quarter and Full Year of Fiscal Year Ending March 31, 2018; Expects to Pay Second Quarter Dividend and Year End Dividend for the Fiscal Year Ending March 31, 2018
August 06, 2017
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USS Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2017. For the period, the consolidated company reported net sales of ¥17,638 million, operating profit of ¥8,639 million, ordinary profit of ¥8,776 million, net profit attributable to owners of the parent of the company of ¥5,995 million or net income per diluted share of ¥23.56 compared to net sales of ¥16,584 million, operating profit of ¥8,130 million, ordinary profit of ¥8,273 million, net profit attributable to owners of the parent of the company of ¥5,684 million or net income per basic share of ¥22.18 for the same period last year. Profit before income taxes was ¥8,779 million against ¥8,243 million a year ago. Net cash provided by operating activities was ¥3,532 million against ¥3,004 million a year ago. Purchase of property, plant and equipment was ¥2,708 million against ¥2,129 million a year ago. Purchase of intangible assets was ¥155 million against ¥305 million a year ago.
The company expects to pay second quarter dividend of ¥23.50 per share and year end dividend of ¥23.50 per share for the fiscal year ending March 31, 2018.
For the second quarter of fiscal year ending March 31, 2018, the consolidated company expects net sales of ¥33,700 million, operating profit of ¥16,150 million, ordinary profit of ¥16,400 million, profit attributable to owners of the parent of the company of ¥11,250 million or net income per share of ¥44.29.
For the full year of fiscal year ending March 31, 2018, the consolidated company expects net sales of ¥68,800 million, operating profit of ¥33,400 million, ordinary profit of ¥33,900 million, profit attributable to owners of the parent of the company of ¥23,200 million or net income per share of ¥91.33.
USS Co Ltd is a Japan-based company mainly engaged in the auto auctions business. The Company operates in two business segments. The Auto Auction segment is engaged in the operation of auto auctions with used car dealers as members, the management of motorcycle auctions with used motorcycle dealers as members, the provision of auto auction connection services by satellite TV line and Internet, the provision of used car information services, the land transportation agency of exhibited cars and successful cars of auto auction, as well as the provision of financial services for auto auction members. The Used Automobile Purchase and Sale segment is engaged in the purchase and sale of used cars and accident-affected vehicles. The other business is engaged in the recycling of used vehicles, the provision of agency services for used vehicles, the sale of solar power generation systems and rental cars, as well as production and sale of recycled plastics.
USS Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Second Quarter and Full Year of Fiscal Year Ending March 31, 2018; Expects to Pay Second Quarter Dividend and Year End Dividend for the Fiscal Year Ending March 31, 2018