Ikk Inc. Reports Consolidated Earnings Results for the Fiscal Year Ended October 31, 2016; Provides Earnings Guidance for the Six Months of Fiscal Year Ending October 31, 2017 and for Fiscal Year Ending October 31, 2017; Announces Year End and Commemorative Dividend for the Fiscal Year Ended October 31, 2016, Payable on January 31, 2017; Provides Year End Dividend Guidance for the Fiscal Year Ending October 31, 2017
December 11, 2016
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IKK Inc. reported consolidated earnings results for the fiscal year ended October 31, 2016. For the period, the company reported net sales were JPY 17,911 million against JPY 16,978 million a year ago. Operating income JPY 2,176 million against JPY 2,106 million a year ago. Ordinary income was JPY 2,166 million against JPY 2,094 million a year ago. Profit attributable to owners of parent was JPY 1,341 million or JPY 45.56 per diluted share against JPY 1,147 million or JPY 39.30 per diluted share a year ago. Return on equity was 14.1% against 13.4% a year ago. Cash flows from operating activities were JPY 2,599 million against JPY 2,523 million a year ago. Profit before income taxes and minority was JPY 2,118,558,000 against JPY 2,066,544,000 a year ago. Purchase of property, plant and equipment was JPY 339,084,000 against JPY 1,660,646,000 a year ago. Purchase of intangible assets was JPY 5,113,000 against JPY 12,747,000 a year ago.
For the first six months of fiscal year ending October 31, 2017, the company expects consolidated net sales of JPY 8,380 million, operating income of JPY 665 million, ordinary income of JPY 655 million, and profit attributable to owners of parent of JPY 605 million or JPY 20.70 per share.
For the full fiscal year ending October 31, 2017, the company expects consolidated net sales of JPY 17,940 million, operating income of JPY 1,900 million, ordinary income of JPY 1,885 million, and profit attributable to owners of parent of JPY 1,390 million or JPY 47.58 per share.
For the fiscal year ended October 31, 2016, the company announced year-end dividend of JPY 10.00 per share against JPY 10.00 per share paid a year ago, scheduled for distribution on January 31, 2017. Th company announced commemorative dividend of JPY 2.00 per share.
For the fiscal year ending October 31, 2017, the company expects to pay yearend dividend of JPY 12.00 per share.
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. Reports Consolidated Earnings Results for the Fiscal Year Ended October 31, 2016; Provides Earnings Guidance for the Six Months of Fiscal Year Ending October 31, 2017 and for Fiscal Year Ending October 31, 2017; Announces Year End and Commemorative Dividend for the Fiscal Year Ended October 31, 2016, Payable on January 31, 2017; Provides Year End Dividend Guidance for the Fiscal Year Ending October 31, 2017