IDOM Inc. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended February 28, 2017; Provides Earnings Guidance for the Six Months Ending August 31, 2017 and Year Ending February 28, 2018
April 12, 2017
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IDOM Inc. reported consolidated earnings results for the year ended February 28, 2017. For the year on consolidated basis, the company reported net sales of JPY 251,516 million as compared to JPY 210,085 million as in the previous year. Operating income was JPY 4,584 million as compared to JPY 7,542 million in the year 2016. Ordinary income was JPY 4,246 million as compared to JPY 6,835 million in the previous year. Profit attributable to owners of parent was JPY 2,333 million as compared to JPY 4,111 million in 2016. Diluted earnings per share were JPY 23.01. Cash used in operating activities was JPY 4,224 million as compared to cash generated from operating activities were JPY 4,121 million in 2016. Profit before income taxes JPY 3,777 million as compared to JPY 6,610 million in the previous year. Purchase of property, plant and equipment was JPY 4,521 million as compared to JPY 5,199 million in the previous year.
For the year on the non-consolidated basis, the company reported net sales of JPY 198,434 million as compared to JPY 179,367 million as in the previous year. Operating income was JPY 4,534 million as compared to JPY 6,841 million in the year 2016. Ordinary income was JPY 4,649 million as compared to JPY 6,384 million in the previous year. Profit before income taxes JPY 3,858 million as compared to JPY 6,155 million in the previous year. Profit was JPY 2,558 million as compared to JPY 3,949 million in 2016.
For the six months ending August 31, 2017, the company expects net sales of JPY 127,200 million, operating income of JPY 2,100 million, ordinary income of JPY 1,750 million, profit attributable to owners of parent of JPY 1,000 million and earnings per share of JPY 9.86.
For the year ending February 28, 2018, the company expects net 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 earnings per share of JPY 27.61.
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 and Non-Consolidated Earnings Results for the Year Ended February 28, 2017; Provides Earnings Guidance for the Six Months Ending August 31, 2017 and Year Ending February 28, 2018