Joyful Honda Co., Ltd. reported consolidated earnings results for the second quarter ended December 20, 2017. For the period, the company reported net sales of JPY 74,695 million against JPY 77,144 million a year ago. Operating income was JPY 4,163 million against JPY 3,534 million a year ago. Ordinary income was JPY 4,456 million against JPY 4,204 million a year ago. Profit attributable to parent company shareholders was JPY 2,788 million or JPY 73.05 per share against JPY 2,762 million or JPY 53.91 per share a year ago. Profit before taxes and other adjustments was JPY 3,871 million against JPY 4,071 million a year ago. Net cash provided by operating activities was JPY 5,986 million against JPY 5,203 million a year ago. Purchase of property, plant and equipment was JPY 1,828 million against JPY 1,070 million a year ago. Purchase of intangible assets was JPY 89 million against JPY 117 million a year ago.

The company provided consolidated earnings guidance for the year ending June 20, 2018. For the year, the company expects net sales of JPY 153,800 million, operating income of JPY 7,970 million, ordinary income of JPY 8,540 million and profit attributable to parent company shareholders of JPY 5,590 million or JPY 153.58 per share.

The company announced dividend of JPY 24.00 per share for the second quarter ended December 20, 2017 compared to JPY 0.00 per share paid for the same period a year ago. Scheduled commencement date of dividend payment was March 8, 2018.
The company expects to pay year-end dividend of JPY 24.00 per share for the year ending June 20, 2018 compared to JPY 32.00 per share paid for the same period a year ago.