Komehyo Co. Ltd. Announces Dividend for the Second Quarter Ended September 2016, Payable on December 6, 2016; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2017; Reports Consolidated Earnings Results for the Second Quarter Ended September 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017
November 11, 2016 at 10:40 am EST
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Komehyo Co. Ltd. announced dividend of ¥15 per share for the second quarter ended September 2016. Dividend payable date is December 6, 2016.
For the fiscal year ending March 31, 2017, the company expects year-end dividend of ¥15 per share.
The company reported consolidated earnings results for the second quarter ended September 2016. For the quarter, the company reported net sales of ¥18,969 million compared to ¥20,939 million a year ago. Operating loss was ¥67 million compared to operating income of ¥1,148 million a year ago. Ordinary loss was ¥88 million compared to ordinary income of ¥1,144 million a year ago. Loss attributable to owners of parent was ¥28 million or ¥2.56 per basic share compared to profit attributable to owners of the parent of ¥699 million or ¥63.88 per basic share a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 2017. For the fiscal year ending March 2017, the company expects net sales of ¥41,500 million, operating income of ¥1,230 million, ordinary income of ¥1,230 million and profit attributable to owner of parent of ¥840 million or ¥76.67 per share.
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 Dividend for the Second Quarter Ended September 2016, Payable on December 6, 2016; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2017; Reports Consolidated Earnings Results for the Second Quarter Ended September 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017
KOMEHYO HOLDINGS CO.,LTD. 
