Axial Retailing Inc. Reports Consolidated Earnings Results for the First Quarter Ended of June 2017; Provides Earnings Consolidated Guidance for the Second Quarter Ending of September 2017 and Year Ending of March 2018; Provides Dividend Guidance for the Second Quarter Ending of September 2017 and Year Ending of March 2018
August 04, 2017 at 02:00 am EDT
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Axial Retailing Inc. reported consolidated earnings results for the first quarter ended of June 2017. For the quarter, the company reported net sales of JPY 56,381 million compared to JPY 55,614 million a year ago. Operating income was JPY 2,085 million compared to JPY 2,261 million a year ago. Ordinary income was JPY 2,119 million compared to JPY 2,321 million a year ago. Profit attributable to owners of the parent was JPY 1,438 million compared to JPY 1,578 million a year ago. Basic earnings per share were JPY 61.62 compared to JPY 67.62 a year ago.
The company provided earnings consolidated guidance for the second quarter ending of September 2017 and year ending of March 2018. For the six months ending of September 2017, the company expects net sales to be of JPY 115,000 million. Operating income expected to be of JPY 4,600 million. Ordinary income expected to be of JPY 4,600 million. Profit attributable to owners of the parent expected to be of JPY 3,000 million. Basic earnings per share expected to be of JPY 128.52.
For the year ending of March 2018, the company expects net sales to be of JPY 231,000 million. Operating income expected to be of JPY 9,300 million. Ordinary income expected to be of JPY 9,300 million. Profit attributable to owners of the parent expected to be of JPY 5,800 million. Basic earnings per share expected to be of JPY 248.47.
The company provided dividend guidance for the second quarter ending of September 2017 and year ending of March 2018. For the second quarter ending of September 2017, the company expects dividend of JPY 20.00 per share compared to JPY 20.00 per share a year ago.
For the year ending of March 2018, the company expects dividend of JPY 68.00 per share compared to JPY 68.00 per share a year ago.
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. Reports Consolidated Earnings Results for the First Quarter Ended of June 2017; Provides Earnings Consolidated Guidance for the Second Quarter Ending of September 2017 and Year Ending of March 2018; Provides Dividend Guidance for the Second Quarter Ending of September 2017 and Year Ending of March 2018