Itoki Corporation Announces Consolidated and Non-Consolidated Earnings Results for the Fiscal Year Ended December 31, 2017; Provides Consolidated Earnings Guidance for the First Six Months Ending June 30, 2018 and Fiscal Year Ending December 31, 2018
February 13, 2018
Share
Itoki Corporation announced consolidated and non-consolidated earnings results for the fiscal year ended December 31, 2017. For the year, on consolidated basis, the company reported net sales of JPY 108,684 million against JPY 101,684 million a year ago. Operating profit was JPY 2,956 million against JPY 2,800 million a year ago. Ordinary profit was JPY 3,295 million against JPY 3,087 million a year ago. Profit attributable to owners of parent was JPY 2,402 million or JPY 52.74 per share against JPY 1,907 million or JPY 40.15 per share a year ago. Return on equity was 5.2% against 4.2% a year ago. Net assets per share as at December 31, 2017 were JPY 1,028.87 against JPY 986.85 a year ago. Net cash provided by operating activities was JPY 3,565 million against JPY 5,072 million a year ago. Profit before income taxes was JPY 3,401 million against JPY 2,918 million a year ago. Purchase of property, plant and equipment was JPY 1,223 million against JPY 1,409 million a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 78,375 million against JPY 78,077 million a year ago. Operating profit was JPY 788 million against JPY 1,493 million a year ago. Ordinary profit was JPY 1,726 million against JPY 2,330 million a year ago. Profit was JPY 1,358 million or JPY 29.83 per share against JPY 1,708 million or JPY 35.97 per share a year ago. Net assets per share as at December 31, 2017 were JPY 913.09 against JPY 891.40 a year ago. Profit before income taxes was JPY 1,774 million against JPY 2,141 million a year ago.
The company provided consolidated earnings guidance for the first six months ending June 30, 2018 and fiscal year ending December 31, 2018. For the first six months, the company expects net sales of JPY 62,000 million, operating profit of JPY 4,000 million, ordinary profit of JPY 4,200 million, and profit attributable to owners of the parent of JPY 3,300 million or earnings per share of JPY 72.45.
For the full year, the company expects net sales of JPY 117,000 million, operating profit of JPY 3,000 million, ordinary profit of JPY 3,400 million, and profit attributable to owners of the parent of JPY 2,600 million or earnings per share of JPY 57.08.
ITOKI CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of office furniture. The Company operates in two business segments. The Office Related segment is engaged in the manufacture and sale of workstations, tables, desk accessories and other office desks, office chairs, meeting chairs, system storage furniture, lockers and other storage furniture. It also provides project management (PM) services, including the repair, assembly and construction of offices, maintenance services and relocation services, as well as the maintenance, rental and recycling of office furniture. The Equipment segment is engaged in the manufacture and sale of storage shelves, office security equipment, building partitions, logistics equipment, commercial equipment, research equipment, powder equipment and others, as well as the provision of building materials and interior works. The Company is also engaged in the provision of household furniture, and the development of software.
Itoki Corporation Announces Consolidated and Non-Consolidated Earnings Results for the Fiscal Year Ended December 31, 2017; Provides Consolidated Earnings Guidance for the First Six Months Ending June 30, 2018 and Fiscal Year Ending December 31, 2018
ITOKI CORPORATION 
