VT Holdings Co. Ltd. Announces Consolidated Earnings Results for the Full Year Ended March 31, 2014; Provides Earnings Guidance for the First Half Year Ending September 30, 2014 and Full Year Ending March 31, 2015
May 12, 2014 at 08:29 pm
Share
VT Holdings Co. Ltd. announced consolidated earnings results for the full year ended March 31, 2014. For the year, the company reported net sales of JPY 132,682 million against JPY 118,317 million a year ago. Operating income was JPY 10,082 million against JPY 7,810 million a year ago. Ordinary income was JPY 9,976 million against JPY 7,659 million a year ago. Net income was JPY 5,126 million against JPY 4,775 million a year ago. Net income per diluted share was JPY 44.93 against JPY 44.13 a year ago. Net cash flow from operating activities was JPY 13,929 million against JPY 2,347 million a year ago. Income before income taxes and minority interests was JPY 9,406 million against JPY 7,494 million a year ago. Purchase of property plant and equipment was JPY 3,032 million against JPY 2,275 million a year ago. Purchase of intangible assets was JPY 41 million against JPY 42 million a year ago.
The company announced that for the first half year ending September 30, 2014, on consolidated basis the company expects net sales of JPY 60,500 million, operating income of JPY 4,100 million, ordinary income of JPY 4,000 million, net income of JPY 2,200 million and net income per basic share of JPY 18.70.
For the full year ending March 31, 2015, on consolidated basis the company expects net sales of JPY 135,000 million, operating income of JPY 10,300 million, ordinary income of JPY 10,100 million, net income of JPY 5,400 million and net income per basic share of JPY 45.90.
VT Holdings Co Ltd is a Japan-based company mainly engaged in the car sales related business mainly consisting of dealership business, car rental business and car export business. The Company operates through two business segments. The Automobile Sales Related segment is involved in the car sales related business including new car dealership business, which sells new and used cars and repairs automobiles, the import car importer business, used car export business, car rental business and others. The Housing Related segment is involved in the condominium sales, single-family home sales, construction contracts and others. The Company is also involved in the group-wide management business.
VT Holdings Co. Ltd. Announces Consolidated Earnings Results for the Full Year Ended March 31, 2014; Provides Earnings Guidance for the First Half Year Ending September 30, 2014 and Full Year Ending March 31, 2015