IDOM Inc. Announces Consolidated Earnings Results for the Nine Months Ended November 30, 2017; Provides Earnings Guidance for the Fiscal Year Ending February 28, 2018; Provides Dividend Guidance for the Year Ending February 28, 2018
January 11, 2018
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IDOM Inc. reported consolidated earnings results for the nine months ended November 30, 2017. For the period, the company reported net sales of JPY 204,338 million compared to JPY 191,033 million a year ago. Operating income was JPY 5,204 million compared to JPY 4,022 million a year ago. Ordinary income was JPY 4,481 million compared to JPY 3,913 million a year ago. Profit attributable to owners of parent was JPY 2,749 million compared to JPY 2,190 million a year ago. Net income per basic share was JPY 27.11 compared to JPY 21.60 a year ago. Profit before income taxes was JPY 4,242 million compared to JPY 3,554 million a year ago.
The company provided earnings guidance for the fiscal year ending February 28, 2018. For the year, the company expects sales of JPY 259,500 million, operating income of JPY 5,500 million, ordinary income of JPY 4,900 million, profit attributable to owners of parent of JPY 2,800 million and net income per share of JPY 27.61.
For the year ending February 28, 2018, the company expects total dividend of JPY 3.50 per share compared to JPY 6.00 per share paid a year ago.
IDOM Inc is a Japan-base company principally engaged in the used car sales business, new car sales business and related businesses. The Company operates its business through three geographical segments: Japan, Australia and Others. The Company sells vehicles purchased at Gulliver stores through used car auctions and the dolphinet system. Gulliver stores operate through directly managed stores and member stores. Through its subsidiaries, the Company is also involved in the sale of new and used cars, the insurance agency business, the sale and maintenance of BMW passenger cars, as well as the sale of repair parts and accessories.
IDOM Inc. Announces Consolidated Earnings Results for the Nine Months Ended November 30, 2017; Provides Earnings Guidance for the Fiscal Year Ending February 28, 2018; Provides Dividend Guidance for the Year Ending February 28, 2018