Komehyo Co.,Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Fiscal Year Ended March 31, 2018; Provides Consolidated and Non Consolidated Earnings Results Guidance for the First Half and Year Ending March 31, 2019
May 11, 2018 at 03:20 am EDT
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Komehyo Co.,Ltd. announced consolidated and non-consolidated earnings results for the fiscal year ended March 31, 2018. For the year, on consolidated basis, the company reported net sales of JPY 45,497 million as compared to JPY 40,134 million a year ago. Operating income was JPY 1,625 million as compared to JPY 832 million a year ago. Ordinary income was JPY 1,610 million as compared to JPY 815 million a year ago. Net income attributable to owners of parent was JPY 1,073 million as compared to JPY 355 million a year ago. Basic earnings per share were JPY 98.01 as compared to JPY 32.47 a year ago. Return on equity was 5.8% as compared to 2.0% a year ago. Cash flows from operating activities was JPY 1,715 million as compared to JPY 536 million a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 39,682 million as compared to JPY 34,891 million a year ago. Operating income was JPY 1,153 million as compared to JPY 502 million a year ago. Ordinary income was JPY 1,256 million as compared to JPY 490 million a year ago. Net income attributable to owners of parent was JPY 895 million as compared to JPY 147 million a year ago. Basic earnings per share were JPY 81.75 as compared to JPY 13.45 a year ago. Return on equity was 71.8% as compared to 75.5% a year ago.
The company provided consolidated and non consolidated earnings results guidance for the first half and year ending March 31, 2019. For the half, on consolidated basis, the company expects net sales of JPY 22,900 million, operating income of JPY 475 million, ordinary income of JPY 475 million, Net income attributable to owners of parent of JPY 300 million and basic earnings per share of JPY 27.38.
For the year, on consolidated basis, the company expects net sales of JPY 50,000 million, operating income of JPY 1,900 million, ordinary income of JPY 1,900 million, Net income attributable to owners of parent of JPY 1,200 million and basic earnings per share of JPY 109.52.
For the half, on non-consolidated basis, the company expects net sales of JPY 20,400 million, operating income of JPY 400 million, ordinary income of JPY 400 million, Net income of JPY 270 million and basic earnings per share of JPY 24.64.
For the year, on non-consolidated basis, the company expects net sales of JPY 43,000 million, operating income of JPY 1,500 million, ordinary income of JPY 1,500 million, Net income of JPY 1,000 million and basic earnings per share of JPY 91.27.
Komehyo Holdings Co Ltd, formerly Komehyo Co Ltd, is a Japan-based company mainly engaged in the brand fashion business, the tire and wheel business and other business. The Company operates in two business segments. The Brand Fashion segment is involved in the purchase, sale, brokerage and auction management of new and used jewelry products, precious metals, watches, bags, clothing, kimono, cameras, musical instruments and others, as well as the sale of apparels, sneakers and shoe care products. The Tire and Wheel segment is involved in the planning, research, development, manufacture and sale of tires and wheels for passenger cars, automobile supplies and parts. The Company is also engaged in the leasing of real estate properties.
Komehyo Co.,Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Fiscal Year Ended March 31, 2018; Provides Consolidated and Non Consolidated Earnings Results Guidance for the First Half and Year Ending March 31, 2019
KOMEHYO HOLDINGS CO.,LTD. 
