Iino Kaiun Kaisha Ltd. Announces Unaudited Consolidated Earnings Results for the Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015; Provides Dividend Guidance for the Year Ending March 31, 2015
January 29, 2015
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Iino Kaiun Kaisha Ltd. announced unaudited consolidated earnings results for the nine months ended December 31, 2014. For the period, the company reported net sales of JPY 75,968 million against JPY 72,151 million a year ago. Operating income was JPY 6,003 million against JPY 5,295 million a year ago. Ordinary income was JPY 4,777 million against JPY 4,225 million a year ago. Net income was JPY 4,927 million or JPY 44.40 per share against JPY 4,930 million or JPY 46.36 per share a year ago. Income before income taxes and minority was JPY 5,206 million against JPY 5,166 million.
The company provided earnings guidance for the year ending March 31, 2015. For the year, the company expects net sales of JPY 99,000 million, operating income of JPY 7,100 million, ordinary income of JPY 6,100 million and net income of JPY 6,000 million or JPY 54.07 per share.
The company provided dividend guidance for the year ending March 31, 2015. For the year, the company forecasts dividend of JPY 5.00 per share.
IINO KAIUN KAISHA, LTD. is a company primarily engaged in the shipping business. The Company operates through three business segments. The Overseas Shipping segment is engaged in the shipping, ship leasing, ship chartering and management, as well as ship brokerage business, the sale of ship equipment and the operation of ship agencies. The Coastal Shipping segment is engaged in the shipping, ship leasing, ship chartering and management. The Real Estate segment is engaged in the leasing and management of buildings, warehousing business and real estate related business.
Iino Kaiun Kaisha Ltd. Announces Unaudited Consolidated Earnings Results for the Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015; Provides Dividend Guidance for the Year Ending March 31, 2015