Axial Retailing Inc. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018; Declares Year-End Dividend for Year Ended March 31, 2017, Payable on June 26, 2017; Provides Dividend Guidance for the Year Ending March 31, 2018
May 02, 2017 at 02:00 am EDT
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Axial Retailing Inc. reported consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the year, the company's consolidated net sales were ¥228,899 million against ¥223,709 million last year. Operating income was ¥9,053 million against ¥8,543 million last year. Ordinary income was ¥9,185 million against ¥8,634 million last year. Profit attributable to owners of parent was ¥5,784 million or ¥247.80 per share against ¥4,664 million or ¥199.84 per share last year. Rate of return on equity was 12.2% against 10.7% last year. Cash flows from operating activities was ¥10,083 million against ¥10,079 million a year ago.
For the year, the company's and non-consolidated net sales were ¥2,317 million against ¥2,068 million last year. Operating income was ¥1,520 million against ¥1,309 million last year. Ordinary income was ¥1,542 million against ¥1,343 million last year. Profit was ¥1,473 million or ¥63.11 per share against ¥1,247 million or ¥53.45 per share last year.
For the year ending March 31, 2018, the company expects net sales of ¥231,000 million, operating income of ¥9,300 million, ordinary income of ¥9,300 million, and profit attributable to owners of parent of ¥5,800 million or ¥248.47 per basic share.
For the half year ending Sept. 2017, the company expects net sales of ¥115,000 million, operating income of ¥4,600 million, ordinary income of ¥4,600 million, and profit attributable to owners of parent of ¥3,000 million or ¥128.52 per basic share.
The company also declared year end dividend of ¥48.00 per share for the year ended March 31, 2017 against ¥43.00 per share for the same period a year ago, payable on June 26, 2017.
The company expects to pay dividend of ¥68.00 per share for the year ending March 31, 2018.
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 and Non-Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018; Declares Year-End Dividend for Year Ended March 31, 2017, Payable on June 26, 2017; Provides Dividend Guidance for the Year Ending March 31, 2018