Axial Retailing Inc. Reports Consolidated Earnings Results for the First Quarter Ended of June 30, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending September 2018 and Fiscal Year Ending March 31, 2019
August 07, 2018 at 02:00 am EDT
Share
Axial Retailing Inc. reported consolidated earnings results for the first quarter ended June 2018. For the quarter, the company reported net sales of JPY 57,079 million compared to JPY 56,381 million a year ago. Operating profit was JPY 2,037 million compared to JPY 2,085 million a year ago. Ordinary profit was JPY 2,091 million compared to JPY 2,119 million a year ago. Profit attributable to owners of the parent was JPY 1,385 million compared to JPY 1,438 million a year ago. Basic earnings per share were JPY 59.37 compared to JPY 61.62 a year ago.
For the six months ending September 2018, the company expects net sales to be of JPY 116,000 million. Operating profit expected to be of JPY 4,200 million. Ordinary profit expected to be of JPY 4,200 million. Profit attributable to owners of the parent expected to be of JPY 2,800 million. Basic earnings per share expected to be of JPY 119.95.
For the year ending of March 31, 2019, the company expects net sales to be of JPY 233,000 million. Operating profit expected to be of JPY 9,100 million. Ordinary profit expected to be of JPY 9,200 million. Profit attributable to owners of the parent expected to be of JPY 6,000 million. Basic earnings per share expected to be of JPY 257.04.
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 30, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending September 2018 and Fiscal Year Ending March 31, 2019