G-7 Holdings Inc. Reports Consolidated Earnings Results for the Fiscal Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019
May 13, 2018
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G-7 Holdings Inc. reported consolidated earnings results for the fiscal year ended March 31, 2018. For the year, the company reported net sales of $1,127,786,145 against $983,839,914 a year ago. Operating income was $40,700,301 against $34,735,716 a year ago. Ordinary income was $42,996,988 against $36,206,436 a year ago. Profit attributable to owners of parent was $24,924,699 against $18,539,977 a year ago. Basic earnings per share were $2.059 against $1.531 a year ago. Rate of return on equity was 16.2% against 14.3% a year ago. Net assets per share were $13.497 as of March 31, 2018. Cash flows from operating activities were $48,983,434 against $32,846,065 a year ago.
For the fiscal year ending March 31, 2019, the company forecasted consolidated net sales of $1,223,644,578, operating income of $47,063,253, ordinary income of $51,769,578, profit attributable to owners of parent of $26,355,422 and basic earnings per share of $2.176.
G-7 HOLDINGS Inc. is a Japan-based company mainly engaged in the sale of automobile and motorcycle-related goods and parts, the purchase and sale of new and used automobiles and motorcycles, the sale of food and miscellaneous goods, the wholesale of selected food, the direct sale of agricultural products, the purchase and sale of recycle goods, as well as the operation of real estate rental business. The Company operates in three business segments. The Autobacs and Vehicle-Related segment is engaged in the sale of automobiles and motorcycles, as well as the related parts and supplies. The Business Supermarket and Specialty Food segment is engaged in the sale of frozen and processed food products, as well as the wholesale of selected food products. The Other segment is involved in the direct sales of agricultural products, the purchase and sale of recycle goods, as well as the leasing of real estate.
G-7 Holdings Inc. Reports Consolidated Earnings Results for the Fiscal Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019