Marusho Hotta Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Full Year Ending March 31, 2016; Provides Dividend Guidance for the Year Ending March 2016
February 10, 2016 at 10:00 am EST
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Marusho Hotta Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2015. For the period, the company reported net sales of JPY 5,458 million compared to JPY 5,088 million a year ago. Operating income was JPY 67 million compared to operating loss was JPY 103 million a year ago. Ordinary income was JPY 67 million compared to ordinary loss was JPY 83 million a year ago. Profit attributable to owners of parent was JPY 42 million compared to JPY 124 million a year ago. Net income per diluted share was JPY 0.91 compared to JPY 2.72 a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2016. For the year, the company expects net sales of JPY 7,519 million, operating income of JPY 37 million, ordinary income of JPY 39 million, profit attributable to owners of parent of JPY 16 million or JPY 0.35 per share.
The company provided dividend guidance for the year ending March 31, 2016. The company expects dividend of JPY 2.0 per share compared to JPY 2.0 per share paid a year ago.
MARUSHOHOTTA CO.,LTD. is a Japan-based company principally engaged in the wholesale and sale of Japanese traditional clothing, jewelry and Kimono accessories, women's clothing, bedding items, as well as the manufacture and wholesale of designed twisted yarn. The Company operates in four business segments. Japanese Clothing segment is involved in the wholesale of Japanese traditional clothing, gemstone & precious metal rings, jewelry such as necklaces, as well as kimono accessories. Bedding segment is involved in the wholesale and sale of bedding items such as feathers, woolen futons, blankets and towels, as well as gift items for funerals. Western Clothing segment is involved in the wholesale and sale of women's clothing such as blouses, knitwear, skirts, pants, dresses, suits and children clothes. Designed Twisted Yarn segment manufactures, wholesales and sells ring yarns, shaggy yarns, polar yarns, special spun yarns and cross knits.
Marusho Hotta Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Full Year Ending March 31, 2016; Provides Dividend Guidance for the Year Ending March 2016
MARUSHOHOTTA CO.,LTD. 