Takihyo Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended May 31, 2017; Provides Earnings Guidance for the First Half and Full Year of Fiscal Year Ending February 28, 2018; Provides Dividend Guidance for the Fiscal Year Ending February 28, 2017
June 25, 2017
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Takihyo Co., Ltd. reported consolidated earnings results for the first quarter ended May 31, 2017. For the quarter, the company reported net sales of JPY 18,655 million against JPY 21,126 million a year ago. Operating loss was JPY 93 million against operating income of JPY 908 million a year ago. Ordinary loss was JPY 45 million against ordinary income of JPY 840 million a year ago. Profit attributable to owners of parent was JPY 542 million against JPY 429 million a year ago. Net income per diluted share was JPY 11.52 against JPY 9.12 a year ago. Profit before income taxes was JPY 2,809 million against JPY 574 million a year ago.
For the first half of fiscal year ending February 28, 2018, the company expects net sales of JPY 37,500 million, operating income of JPY 300 million, ordinary income of JPY 300 million and profit attributable to owners of parent of JPY 2,900 million or net income per share of JPY 62.18.
For the fiscal year ending February 28, 2018, the company expects net sales of JPY 80,000 million, operating income of JPY 1,300 million, ordinary income of JPY 1,300 million and profit attributable to owners of parent of JPY 3,500 million or net income per share of JPY 375.23.
For the fiscal year ending February 28, 2018, the company expects dividend of JPY 20 per share compared to paid dividend JPY 4.00 per share a year ago.
For the second quarter, the company expects dividend of JPY 4.00 per share compared to paid dividend JPY 4.00 per share a year ago.
Takihyo Co., Ltd. is a Japan-based company mainly engaged in the planning, manufacture and sale of apparel and textile-related products. The Company operates through two business segments. The Apparel and Textiles business is engaged in the planning, manufacture and sale of ladies and babies clothing, and woolen textiles. It is also engaged in the production management, delivery date management and quality management of products, and export operations. It is also engaged in the delivery-related operations for sorting, packing, and shipping. It is also engaged in the manufacture of patterns and samples, and planning and sales of uniforms. The Leasing business is engaged in rental management of real estate, and leasing of office equipment. The Company is also engaged in the sale of synthetic resin and chemical products, and the operation of Komeda Coffee shop as a franchisee.
Takihyo Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended May 31, 2017; Provides Earnings Guidance for the First Half and Full Year of Fiscal Year Ending February 28, 2018; Provides Dividend Guidance for the Fiscal Year Ending February 28, 2017