Tokyo Individualized Educational Institute, Inc. Announces Consolidated Earnings Results for the Year Ended February 28, 2014; Announces Dividend for the Year End of 2014, Payable on May 29, 2014; Provides Dividend Guidance for the Second Quarter and Year End of 2015; Provides Earnings Guidance for the Six Months Ending August 2014 and Year Ending February 28, 2015
April 09, 2014 at 03:54 am EDT
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Tokyo Individualized Educational Institute, Inc. announced consolidated earnings results for the year ended February 28, 2014. For the year, the company reported net sales of ¥14,322 million against ¥13,017 million a year ago. Operating income was ¥1,272 million against ¥716 million a year ago. Ordinary income was ¥1,277 million against ¥723 million a year ago. Net income was ¥737 million against ¥358 million a year ago. Diluted net income per share was ¥13.59 against ¥6.60 a year ago. Return on equity was 10.9% against 5.5% a year ago. Cash flows from operating activities were ¥1,112 million against ¥875 million a year ago.
The company announced a year end dividend of ¥3.00 for the year ended February 28, 2014 with total dividend of ¥6.00 for the year 2014. The expected starting date of dividend payment is May 29, 2014.
The company provided dividend guidance for the second quarter of 2015 and year ending February 28, 2015. For the second quarter, the company expects to pay a dividend of ¥4.00 per share.
For the year, the company expects to pay a year end a dividend of ¥4.00 per share for the year ending February 28, 2015.
The company provided earnings guidance for the six months ending August 2014 and year ending February 28, 2015. For the six months period, the company expects net sales of ¥7,404 million, operating loss of ¥50 million, ordinary loss of ¥48 million, net loss of ¥105 million or ¥1.94 per share.
For the year, the company expects net sales of ¥15,772 million, operating income of ¥1,602 million, ordinary income of ¥1,605 million, net income of ¥910 million or ¥16.77 per share.
Tokyo Individualized Educational Institute, INC. is a Japan-based company mainly engaged in the tutoring education business. Private tutoring schools are mainly located in Tokyo, Kanagawa, Chiba, and Saitama prefectures in the Tokyo metropolitan area, Hyogo and Osaka prefectures in the Kansai area, Osaka prefecture and Kyoto prefecture, Aichi prefecture in the Tokai area, and Fukuoka prefecture in the Kyushu area. Benesse science class develops children's interest in science through scientific experiments. Benesse article expression class develops children's thinking, expression and communication skills through writing. The classes are mainly in Tokyo, Kanagawa and Saitama prefecture. CCDnet is an Internet classroom that provides individualized instruction.
Tokyo Individualized Educational Institute, Inc. Announces Consolidated Earnings Results for the Year Ended February 28, 2014; Announces Dividend for the Year End of 2014, Payable on May 29, 2014; Provides Dividend Guidance for the Second Quarter and Year End of 2015; Provides Earnings Guidance for the Six Months Ending August 2014 and Year Ending February 28, 2015