Happinet Corporation Reports Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Half Year and Full Year Ending March 31, 2019; Reports Dividend for the Full Year Ended March 31, 2018, Payable on June 22, 2018; Provides Dividend Guidance for the Second Quarter and Full Year Ending March 31, 2019
May 10, 2018
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Happinet Corporation reported consolidated earnings results for the year ended March 31, 2018. For the year, the company reported net sales of JPY 197,607 million compared to JPY 174,059 million a year ago. Operating profit was JPY 4,806 million compared to JPY 3,698 million a year ago. Ordinary profit was JPY 4,701 million compared to JPY 3,479 million a year ago. Profit attributable to owners of the parent was JPY 4,031 million compared to JPY 2,040 million a year ago. Net income per diluted share was JPY 181.12 compared to JPY 90.42 a year ago. Return on equity was 11.9% compared to 6.5% a year ago. Return on asset was 6.9% compared to 5.9% a year ago. Net cash provided by operating activities was JPY 4,453 million compared to JPY 3,055 million a year ago. Profit before income taxes was JPY 5,823 million compared to JPY 3,047 million a year ago. Purchase of property, plant and equipment was JPY 109 million compared to JPY 290 million a year ago. Purchase of intangible assets was JPY 646 million compared to JPY 411 million a year ago.
The company provided consolidated earnings guidance for the half year and full year ending March 31, 2019. For the half year, the company expects net sales of JPY 100,000 million, operating profit of JPY 1,600 million, ordinary profit of JPY 1,500 million and profit attributable to owners of parent of JPY 1,000 million or JPY 45.97 per share.
For the year, the company expects net sales of JPY 230,000 million, operating profit of JPY 5,000 million, ordinary profit of JPY 4,800 million and profit attributable to owners of parent of JPY 3,200 million or JPY 147.09 per share.
For the year ended March 31, 2018 the company reported dividend of JPY 25.00 per share compared to JPY 20.00 per share paid a year ago. The dividend is payable on June 22, 2018.
For the second quarter of March 31, 2019 the company provided dividend guidance of JPY 20.00 per share compared to JPY 15.00 per are paid a year ago.
For the year ending March 31, 2019 the company provided dividend guidance of JPY 20.00 per share compared to JPY 25.00 per are paid a year ago.
HAPPINET CORPORATION is principally engaged in the provision of toy products. The Company operates through four business segments. The Toy segment sells toys, trading cards and miscellaneous goods to mass retailers, specialty stores, convenience stores, electronic commerce operators and secondary wholesalers. The Video and Music segment mainly plans, produces and sells video and music software to mass retailers, specialty stores, convenience stores, electronic commerce operators. The Video Game segment sells video game hardware and software to mass retailers, video specialty stores, convenience stores and e-commerce operators. The Amusement segment operates toy vending machines and sells products to amusement arcade operators.
Happinet Corporation Reports Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Half Year and Full Year Ending March 31, 2019; Reports Dividend for the Full Year Ended March 31, 2018, Payable on June 22, 2018; Provides Dividend Guidance for the Second Quarter and Full Year Ending March 31, 2019
HAPPINET CORPORATION 
