Axial Retailing Inc. Announces Dividend for the Period Ended March 2016, Payable on June 27, 2016; Provides Dividend Guidance for the Second Quarter and Year Ending March 2017; Reports Consolidated and Non-Consolidated Earnings Results for the Fourth Quarter Ended March 2016; Provides Earnings Guidance for the Second Quarter and Year Ending March 2017
May 02, 2016 at 11:00 am EDT
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Axial Retailing Inc. announced a dividend of JPY 43 per share for the period ended March 2016, making a total dividend of JPY 58.00 per share for the year 2016. This dividend is payable on June 27, 2016.
The company reported consolidated and non-consolidated earnings results for the fourth quarter ended March 2016. For the quarter, on consolidated basis, the company reported net sales of JPY 223,709 million compared to JPY 212,611 million a year ago. Operating income was JPY 8,543 million compared to JPY 6,665 million a year ago. Ordinary income was JPY 8,634 million compared to JPY 6,780 million a year ago. Profit attributable to owners of the parent was JPY 4,664 million or JPY 199.84 per share compared to JPY 3,296 million or JPY 141.21 per share a year ago. Return on equity was 10.7% against 8.2% a year ago. Cash flow from operating activities was JPY 10,079 million against JPY 9,247 million a year ago.
For the quarter, on non-consolidated basis, the company reported net sales of JPY 2,068 million compared to JPY 1,682 million a year ago. Operating income was JPY 1,309 million compared to JPY 997 million a year ago. Ordinary income was JPY 1,343 million compared to JPY 1,039 million a year ago. Profit was JPY 1,247 million or JPY 53.45 per share compared to JPY 966 million or JPY 41.40 per share a year ago.
The company provided dividend guidance for the second quarter and year ending March 2017. For the second quarter, the company expects to pay dividend of JPY 20.00 per share compared to JPY 15.00 per share paid a year ago.
For the year ending March 2017, the company expects to pay dividend of JPY 44.00 per share compared to JPY 43.00 per share paid a year ago.
The company provided earnings guidance for the second quarter and year ending March 2017. For the second quarter ending September 2016, the company expects net sales of JPY 112,500 million, operating income of JPY 4,700 million, ordinary income of JPY 4,700 million and profit attributable to owners of the parent of JPY 3,100 million or JPY 132.80 per share.
For the year ending March 2017, the company expects net sales of JPY 227,000 million, operating income of JPY 8,700 million, ordinary income of JPY 8,700 million and profit attributable to owners of the parent of JPY 5,000 million or JPY 214.20 per share.
Axial Retailing Inc. is a company mainly engaged in the operation of supermarkets. The Supermarket segment is engaged in the operation of supermarkets, the procurement and wholesale of merchandises sold in the supermarkets operated by the Company, as well as the manufacture and processing of foods sold in the supermarkets operated by the Company. The Others segment is engaged in the sanitary service, the operation of insurance agents specializing in the agency of insurance contract, the processing of information, the development of software, the preparation of advertisement leaflets and other prints, cargo handling operations and cleaning business, as well as the sale of automobile.
Axial Retailing Inc. Announces Dividend for the Period Ended March 2016, Payable on June 27, 2016; Provides Dividend Guidance for the Second Quarter and Year Ending March 2017; Reports Consolidated and Non-Consolidated Earnings Results for the Fourth Quarter Ended March 2016; Provides Earnings Guidance for the Second Quarter and Year Ending March 2017
AXIAL RETAILING INC. 
