Ikk Inc. Announces Consolidated Earnings Results for the Half Year Ended on April 30, 2017; Provides Earning Guidance for the Full Year Ended on October 31, 2017
June 05, 2017 at 05:44 pm EDT
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IKK Inc. announced consolidated earnings results for the half year ended on April 30, 2017. For the half year, the company's net sales were JPY 8,541 million as compared to JPY 8,219 million a year ago. Operating income was JPY 703 million as compared to JPY 803 million a year ago. Profit attributable to owners of the parent was JPY 605 million as compared to JPY 434 million a year ago. Diluted net income per share was JPY 20.61 as compared to JPY 14.79 a year ago. Net cash provided by operating activities was JPY 465.881 million as compared to JPY 661.730 million a year ago. Purchase of property, plant and equipment was JPY 774.322 million as compared to JPY 190.531 million a year ago. Purchase of intangible assets was JPY 4.482 million as compared to JPY 2.697 million a year ago.
The company also provided earning guidance for the full year ended on October 31, 2017. For the period, the company's net sales expected to be JPY 17,940 million. Operating income expected to be JPY 1,900 million. Profit attributable to owners of parent expects to be JPY 1,390 million. Net income per share expected to be JPY 47.58 a year ago.
IKK Holdings Inc, formerly known as IKK Inc, is a Japan-based company mainly engaged in the wedding business, nursing care business, food business, photo business, and marriage brokerage business. The Company operates through five business segments. The Wedding segment provides planning and management services related to wedding ceremonies and receptions. The Nursing Care segment operates paid nursing homes and provides nursing care services. The Food segment is engaged in the planning, development, and sales of gifts, confectionery, and gift products. The Photo segment provides planning and operating services of photo weddings and photo studios. The Marriage Brokerage segment provides planning and management services related to marriage brokerage.
Ikk Inc. Announces Consolidated Earnings Results for the Half Year Ended on April 30, 2017; Provides Earning Guidance for the Full Year Ended on October 31, 2017