Happinet Corporation Reports Consolidated Earnings Results for the Three Months Ended June 30, 2017; Provides Earnings Guidance for the Six Months of Fiscal Year Ending March 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2018; Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending March 31, 2018; Provides Dividend Guidance for the Year Ending March 31, 2018
August 08, 2017
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Happinet Corporation reported consolidated earnings results for the three months ended June 30, 2017. For the period, the company reported net sales of ¥35,150 million against ¥32,757 million a year ago. Operating profit was ¥449 million against ¥152 million a year ago. Ordinary profit was ¥392 million against ¥95 million a year ago. Profit attributable to owners of parent was ¥177 million or ¥7.98 per share against ¥26 million or ¥0.00 per share a year ago. Profit before income taxes was ¥392 million against ¥88 million a year ago.
For the second quarter of fiscal year ending March 31, 2018, the company expects to pay dividend of ¥15.00 per share against ¥15.00 per share a year ago.
For the year, the company expects to pay dividend of ¥15.00 against ¥20.00 per share a year ago.
For the six months, the company expects net sales of ¥77,000 million, operating income of ¥1,200 million, ordinary income of ¥1,100 million, net income of ¥700 million or ¥31.67 per share.
For the year, the company expects net sales of ¥180,000 million, operating income of ¥4,200 million, ordinary income of ¥4,000 million, net income of ¥2,500 million or ¥113.12 per share.
HAPPINET CORPORATION is principally engaged in the provision of toy products. The Company operates through four business segments. The Toy segment sells toys, trading cards and miscellaneous goods to mass retailers, specialty stores, convenience stores, electronic commerce operators and secondary wholesalers. The Video and Music segment mainly plans, produces and sells video and music software to mass retailers, specialty stores, convenience stores, electronic commerce operators. The Video Game segment sells video game hardware and software to mass retailers, video specialty stores, convenience stores and e-commerce operators. The Amusement segment operates toy vending machines and sells products to amusement arcade operators.
Happinet Corporation Reports Consolidated Earnings Results for the Three Months Ended June 30, 2017; Provides Earnings Guidance for the Six Months of Fiscal Year Ending March 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2018; Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending March 31, 2018; Provides Dividend Guidance for the Year Ending March 31, 2018
HAPPINET CORPORATION 
