IDOM Inc. Reports Consolidated Earnings Results for the Six Months Ended August 31, 2016; Provides Earnings Guidance for the Year Ending February 28, 2017; Declares Dividend for the Second Quarter Ended August 31, 2016, Payable on November 9, 2016; Provides Dividend Guidance for the Year Ending February 28, 2017
October 12, 2016
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IDOM Inc. reported consolidated earnings results for the six months ended August 31, 2016. For the period, the company reported net sales of ¥124,244 million against ¥95,024 million a year ago. Operating income was ¥2,172 million against ¥4,079 million a year ago. Ordinary income was ¥2,020 million against ¥4,043 million a year ago. Income before income taxes and minority interests was ¥1,789 million against ¥4,021 million a year ago. Net income was ¥1,102 million or ¥10.87 per share against ¥2,563 million or ¥25.28 per share a year ago. Net cash provided by operating activities was ¥389 million against ¥6,009 million a year ago. Purchase of property, plant and equipment was ¥2,548 million against ¥2,432 million a year ago. Purchase of intangible assets was ¥1,380 million against ¥520 million a year ago.
For the year ending February 28, 2017, the company expects net sales of ¥243,500, operating income of ¥7,600 million, ordinary income of ¥7,100 million, net income of ¥4,100 million and net income per share of ¥40.43.
For the second quarter ended August 31, 2016, the company declared dividend of ¥6.00 per share compared to ¥7.50 per share a year ago. Payable on November 9, 2016.
For the year ending February 28, 2017, the company expects total dividend of ¥6.00 per share compared to ¥5.00 a year ago.
IDOM Inc is a Japan-base company principally engaged in the used car sales business, new car sales business and related businesses. The Company operates its business through three geographical segments: Japan, Australia and Others. The Company sells vehicles purchased at Gulliver stores through used car auctions and the dolphinet system. Gulliver stores operate through directly managed stores and member stores. Through its subsidiaries, the Company is also involved in the sale of new and used cars, the insurance agency business, the sale and maintenance of BMW passenger cars, as well as the sale of repair parts and accessories.
IDOM Inc. Reports Consolidated Earnings Results for the Six Months Ended August 31, 2016; Provides Earnings Guidance for the Year Ending February 28, 2017; Declares Dividend for the Second Quarter Ended August 31, 2016, Payable on November 9, 2016; Provides Dividend Guidance for the Year Ending February 28, 2017