IKK Inc. Announces Consolidated Earnings Results for the Half Year Ended on April 30, 2018; Provides Earning Guidance for the Full Year Ended on October 31, 2018
May 29, 2018
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IKK Inc. announced consolidated earnings results for the half year ended on April 30, 2018. For the half year, the company's net sales were JPY 9,160 million as compared to JPY 8,541 million a year ago. Operating income was JPY 512 million as compared to JPY 703 million a year ago. Ordinary Profit was JPY 526 million compared to JPY 702 million a year ago. Profit attributable to owners of the parent was JPY 345 million as compared to JPY 605 million a year ago. Net income per share was JPY 11.74 as compared to JPY 20.61 a year ago. Profit before income taxes was JPY 524,013,000 compared to JPY 696,588,000 a year ago. Net cash provided by operating activities was JPY 1,249,090,000 as compared to JPY 465,881,000 a year ago. Purchase of property, plant and equipment was JPY 535,504,000 as compared to JPY 774,322,000 a year ago. Purchase of intangible assets was JPY 16,320,000 as compared to JPY 4,482,000 a year ago.
The company also provided earning guidance for the full year ended on October 31, 2018. For the year, the company's net sales expected to be JPY 20,005 million. Operating income expected to be JPY 2,005 million. Ordinary Profit expected to be JPY 2,010. Profit attributable to owners of parent expects to be JPY 1,290 million. Net income per share expected to be JPY 43.72 a year ago.
IKK Holdings Inc, formerly known as IKK Inc, is a Japan-based company mainly engaged in the wedding business, nursing care business, food business, photo business, and marriage brokerage business. The Company operates through five business segments. The Wedding segment provides planning and management services related to wedding ceremonies and receptions. The Nursing Care segment operates paid nursing homes and provides nursing care services. The Food segment is engaged in the planning, development, and sales of gifts, confectionery, and gift products. The Photo segment provides planning and operating services of photo weddings and photo studios. The Marriage Brokerage segment provides planning and management services related to marriage brokerage.
IKK Inc. Announces Consolidated Earnings Results for the Half Year Ended on April 30, 2018; Provides Earning Guidance for the Full Year Ended on October 31, 2018