IDOM Inc. Reports Consolidated Earnings Results for the First Quarter Ended May 31, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending August 31, 2018 and Year Ending February 28, 2019
July 11, 2018
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IDOM Inc. reported consolidated earnings results for the first quarter ended May 31, 2018. For the quarter, the company's net sales were JPY 71,411 million against JPY 71,130 million a year ago. Operating income was JPY 378 million against JPY 1,243 million a year ago. Ordinary income was JPY 103 million against JPY 903 million a year ago. Loss attributable to owners of parent was JPY 146 million or JPY 1.45 per share against JPY 457 million or JPY 4.51 per share a year ago. Loss was JPY 162 million against profit JPY 362 million a year ago. Loss before income taxes was JPY 59 million against income before income taxes of JPY 802 million a year ago.
For the six months ending August 31, 2018, the company expects consolidated net sales of JPY 142,800 million, operating income of JPY 2,700 million, ordinary income of JPY 2,300 million and profit attributable to owners of parent of JPY 1,150 million or JPY 11.34 per share.
For the year ending February 28, 2019, the company expects consolidated net sales of JPY 290,000 million, operating income of JPY 7,600 million, ordinary income of JPY 6,800 million and profit attributable to owners of parent of JPY 3,900 million or JPY 38.46 per share.
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, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending August 31, 2018 and Year Ending February 28, 2019