Fuji Corporation Announces Non-Consolidated Earnings Results for the Three Months Ended January 31, 2018; Provides Non-Consolidated Earnings Guidance for the First Half Year of Fiscal 2018 and Fiscal Year Ending October 31, 2018
March 04, 2018
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Fuji Corporation announced non-consolidated earnings results for the three months ended January 31, 2018. For the period, the company reported net sales of JPY 12,319 million compared to JPY 11,202 million a year ago. Operating income was JPY 1,660 million compared to JPY 1,182 million a year ago. Ordinary income was JPY 1,677 million compared to JPY 1,225 million a year ago. Profit was JPY 1,129 million or JPY 110.60 per diluted share compared to JPY 833 million or JPY 80.65 per basic share a year ago. Profit before income taxes was JPY 1,677,546,000 compared to JPY 1,225,127,000 a year ago.
The company provided non-consolidated earnings guidance for the first half year of fiscal 2018 and fiscal year ending October 31, 2018. For the first half year, the company is expecting its net sales of JPY 18,939 million, operating income of JPY 1,770 million, ordinary income of JPY 1,812 million and profit of JPY 1,223 million or JPY 119.80 per basic share.
For the full year, the company expects net sales of JPY 30,000 million, operating income of JPY 2,288 million, ordinary income of JPY 2,392 million and profit of JPY 1,442 million or JPY 141.25 per basic share.
Fuji Corp is a Japan-based company mainly engaged is mainly engaged in the sale of tires and wheels for car accessories. The Company focuses on the sale of automotive tires and wheels through storefront sales, mail-order sales, and sales through vendors. Sales are divided into three categories: storefront sales, mail-order sales, and sales through vendors. Storefront sales are suburban stores, often located along major roads. Mail-order sales are conducted through the Company's own website on the internet or through online shopping malls and are targeted at both domestic and international customers in Japan. Vendor sales are made directly to fellow retailers of car accessories, car dealers, home centers, gas stations, as well as through wholesalers.
Fuji Corporation Announces Non-Consolidated Earnings Results for the Three Months Ended January 31, 2018; Provides Non-Consolidated Earnings Guidance for the First Half Year of Fiscal 2018 and Fiscal Year Ending October 31, 2018