Arcland Sakamoto Co.,Ltd. Reports Consolidated Financial Results for the First Quarter Ended May 20, 2018; Provides Financial and Dividend Guidance for the Six Months Ending Aug. 20, 2018 and for the Year Ending Feb. 20, 2019
June 18, 2018
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Arcland Sakamoto Co.,Ltd. reported consolidated financial results for the first quarter ended May 20, 2018. For the quarter, the company reported operating profit of ¥2,754 million and profit attributable to owners of parent of ¥1,705 million or ¥42.05 per share on net sales of ¥27,425 million against operating profit of ¥2,652 million and profit attributable to owners of parent of ¥1,533 million or ¥37.81 per share on net sales of ¥26,560 million for the same period of last year. Profit before income taxes was ¥2,993 million against ¥2,769 million for the same period of last year.
For the six months ending Aug. 20, 2018, the company expects, operating profit of ¥5,300 million and profit attributable to owners of parent of ¥3,000 million or ¥73.97 per share on net sales of ¥54,500 million.
For the year ending Feb. 20, 2019, the company expects, operating profit of ¥9,700 million and profit attributable to owners of parent of ¥5,500 million or ¥135.61 per share on net sales of ¥107,000 million.
For the year ending Feb. 20, 2019, the company expects to pay a cash dividend of ¥15 per share at the end of the second quarter and a cash dividend of ¥15 per share at the end of the year.
Arclands Corp, formerly Arcland Sakamoto Co Ltd, is a Japan-based company mainly engaged in retail business, wholesale business, restaurant business and real estate business. The Company operates through four segments. The Retail segment sells household goods, household products, food products and other items to general consumers and professionals (contractors) through Home Centre Musashi, Super Center Musashi, Musashi Pro, NicoPet, Super Viva Home, Viva Home, arts and crafts specialist Ark Oasis, Vysees, and food specialty store Musashi Shokuhinkan. The Wholesale segment mainly sells do-it-yourself (DIY)-related products to home centers nationwide and group companies. The Restaurant segment operates restaurants such as Katsuya, a pork cutlet specialty restaurant. The Real Estate segment is engaged in the leasing of real estate. In addition, the Company also operates a sports club JOYFIT and a fitness gym FIT365.
Arcland Sakamoto Co.,Ltd. Reports Consolidated Financial Results for the First Quarter Ended May 20, 2018; Provides Financial and Dividend Guidance for the Six Months Ending Aug. 20, 2018 and for the Year Ending Feb. 20, 2019