BEENOS Inc. Announces Consolidated Earnings Results for the Fiscal Year Ended September 30, 2016; Provides Earnings Guidance for the Year Ending September 30, 2017
October 27, 2016
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BEENOS Inc. announced consolidated earnings results for the fiscal year ended September 30, 2016. For the period, the company reported net sales of JPY 19,228 million against JPY 16,936 million a year ago. Operating income was JPY 1,201 million against JPY 1,184 million a year ago. Ordinary income was JPY 1,212 million against JPY 1,148 million a year ago. Net income was JPY 951 million or JPY 77.85 per diluted share against JPY 898 million or JPY 73.19 per share a year ago. Income before income taxes was JPY 1,212,142,000 compared with JPY 1,237,738,000 a year ago. Cash flow from operating activities was JPY 1,530 million compared with JPY 1,057 million 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 profit 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 Fiscal Year Ended September 30, 2016; Provides Earnings Guidance for the Year Ending September 30, 2017