IDOM Inc. Reports Consolidated Earnings Results for the First Quarter Ended May 31, 2016; Provides Earnings Guidance for the Six Months Ending August 31, 2016 and Full Year Ending February 28, 2017; Provides Dividend Guidance for the Second Quarter Ending August 31, 2016 and Full Year Ending February 28, 2017
July 12, 2016
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IDOM Inc. reported consolidated earnings results for the first quarter ended May 31, 2016. For the quarter, the company's sales were JPY 66,192 million against JPY 50,498 million a year ago. Operating income was JPY 1,245 million against JPY 2,040 million a year ago. Ordinary income was JPY 1,173 million against JPY 2,017 million a year ago. Income before income taxes and minority interests was JPY 1,050 million against JPY 2,017 million a year ago. Net income was JPY 732 million or JPY 7.22 per share against JPY 1,248 million or JPY 12.31 per share a year ago.
For the six months ending August 31, 2016, the company expects net sales of JPY 119,200 million, operating income of JPY 2,600 million, ordinary income of JPY 2,350 million and net income of JPY 1,350 million or JPY 13.31 per share.
For the year ending February 28, 2017, the company expects net sales of JPY 243,500 million, operating income of JPY 7,600 million, ordinary income of JPY 7,100 million and net income of JPY 4,100 million or JPY 40.43 per share.
For the second quarter ending August 31, 2016, the company expects to pay dividend of JPY 6.00 per share compared to 7.50 per share for the same period last year.
For the year ending February 28, 2017, the company expects to pay year-end dividend of JPY 6.00 per share compared to 5.00 per share for the same period last year.
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. Reports Consolidated Earnings Results for the First Quarter Ended May 31, 2016; Provides Earnings Guidance for the Six Months Ending August 31, 2016 and Full Year Ending February 28, 2017; Provides Dividend Guidance for the Second Quarter Ending August 31, 2016 and Full Year Ending February 28, 2017