BEENOS Inc. Announces Consolidated Earnings Results for the First Quarter Ended December 31, 2016; Provides Earnings Guidance for the Year Ending September 30, 2017
January 25, 2017
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BEENOS Inc. announced consolidated earnings results for the first quarter ended December 31, 2016. For the quarter, the company reported net sales of JPY 4,970,334,000 against JPY 4,655,380,000 a year ago. Operating income was JPY 88,145,000 against JPY 185,508,000 a year ago. Ordinary income was JPY 76,762,000 against JPY 189,988,000 a year ago. Net income was JPY 85,435,000 or JPY 7.31 per diluted share against JPY 111,909,000 or JPY 8.96 per share a year ago. Income before income taxes was JPY 76,762,000 compared with JPY 189,988,000 a year ago. Profit attributable to owners of parent was JPY 89,194,000 compared with JPY 109,248,000 a year ago.
For the year ending September 30, 2017, on consolidated basis, the company expects net sales of JPY 20,000 million, operating income of JPY 1,400 million, ordinary income of JPY 1,400 million and net income of JPY 750 million or JPY 61.47 per share.
BEENOS Inc, formerly netprice.com, Ltd., mainly operates mail-order sales business. It has two segments. The E-commerce segment operates business through three business divisions. The Gathering division is engaged in the mail-order sales through personal computers (PCs), cell phones and smart phones. The Value Cycle division is involved in the purchase, maintenance and sale of secondhand brand-name products, watches, accessories and others. The Cross Boarder division is engaged provision of services making overseas products available for purchase for Japanese clients. The Incubation segment is involved in the provision of Japan products overseas forwarding services, the production of talent licensed products, and the marketing and promotion business focusing on smart phones.
BEENOS Inc. Announces Consolidated Earnings Results for the First Quarter Ended December 31, 2016; Provides Earnings Guidance for the Year Ending September 30, 2017