Komehyo Co. Ltd. Provides Dividend Guidance for the Second Quarter and Year Ending March 31, 2017; Announces Dividend for the Year Ended March 31, 2016, Payable on June 30, 2016; Reports Consolidated an Non Consolidated Earnings Results for the Quarter Ended March 2016; Provides Earnings Guidance for the Half and Year of Fiscal 2017
May 13, 2016 at 10:20 am EDT
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Komehyo Co. Ltd. provided dividend guidance for the second quarter and year ending March 31, 2017. For the quarter, the company expects to pay dividend of ¥16.00 per share compared to ¥15.00 per share paid a year ago.
For the year ending March 31, 2017, the company expects to pay year-end dividend of ¥16.00 per share compared to ¥15.00 per share announced for the year ended March 31, 2016.
The company announced a dividend of ¥15.00 per for the year ended March 31, 2016. This dividend is payable on June 30, 2016. The company paid a dividend of ¥14.00 per share for the year ended March 31, 2015.
The company reported consolidated an non consolidated earnings results for the quarter ended March 2016. For the quarter, on consolidated basis the company reported net sales were ¥45,903 million against ¥43,199 million reported last year. Operating income was ¥2,789 million against ¥3,129 million reported last year. Ordinary income was ¥2,742 million against ¥3,162 million reported last year. Profit attributable to owners of parent was ¥1,696 million or ¥154.86 basic per share against ¥2,040 million ¥186.21 basic per share reported last year. Rate of return on equity was 9.7% against 12.8% reported last year. Cash flows from operating activities were ¥2,855 million against ¥1,499 million reported last year.
For the quarter, on non consolidated basis the company reported net sales was ¥40,554 million against ¥38,507 million reported last year. Operating income was ¥2,426 million against ¥2,773 million reported last year. Ordinary income was ¥2,400 million against ¥2,815 million reported last year. Profit was ¥1,480 million or ¥135.12 basic per share against ¥1,830 million ¥167.03 basic per share reported last year.
For the full year ended March 2017, the company expected net sales of ¥48,000 million, operating income of ¥2,850 million, ordinary income was ¥2,850 million, Profit attributable to owners of parent was ¥1,900 million or ¥173.41 basic per share
For the half year ended September 2016, the company expected net sales of ¥21,000 million, operating income of ¥930 million, ordinary income was ¥930 million, Profit attributable to owners of parent was ¥620 million or ¥56.59 basic 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. Provides Dividend Guidance for the Second Quarter and Year Ending March 31, 2017; Announces Dividend for the Year Ended March 31, 2016, Payable on June 30, 2016; Reports Consolidated an Non Consolidated Earnings Results for the Quarter Ended March 2016; Provides Earnings Guidance for the Half and Year of Fiscal 2017
KOMEHYO HOLDINGS CO.,LTD. 
