Marusho Hotta Co.,Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2018; Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 2018
August 08, 2017 at 02:30 am EDT
Share
Marusho hotta Co.,Ltd. provided dividend guidance for the year end of the fiscal year ending March 31, 2018. For the year end, the company proposes dividend of JPY 4.00 per share compared to JPY 5.00 per share for the same period a year ago.
The company announced consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of ¥1,696 million against ¥1,733 million a year ago. Operating loss was ¥8 million against operating income of ¥29 million a year ago. Ordinary loss was ¥20 million against ordinary income of ¥25 million a year ago. Loss attributable to owners of parent was ¥26 million against profit attributable to owners of parent of ¥11 million a year ago. Basic loss per share was ¥1.18 against basic earnings per share of ¥0.48 a year ago.
The company provided earnings guidance for the first half and full year of fiscal year ending March 2018. For the first half ending September 2017, the company expects net sales of ¥3,500 million and loss attributable to owners of parent was of ¥16 million or ¥0.75 per share.
For the year ending March 2018, the company expects net sales of ¥7,500 million, operating income of ¥111 million, ordinary income of ¥110 million and profit attributable to owners of parent was of ¥75 million or ¥3.53 per share.
MARUSHOHOTTA CO.,LTD. is a Japan-based company principally engaged in the wholesale and sale of Japanese traditional clothing, jewelry and Kimono accessories, women's clothing, bedding items, as well as the manufacture and wholesale of designed twisted yarn. The Company operates in four business segments. Japanese Clothing segment is involved in the wholesale of Japanese traditional clothing, gemstone & precious metal rings, jewelry such as necklaces, as well as kimono accessories. Bedding segment is involved in the wholesale and sale of bedding items such as feathers, woolen futons, blankets and towels, as well as gift items for funerals. Western Clothing segment is involved in the wholesale and sale of women's clothing such as blouses, knitwear, skirts, pants, dresses, suits and children clothes. Designed Twisted Yarn segment manufactures, wholesales and sells ring yarns, shaggy yarns, polar yarns, special spun yarns and cross knits.
Marusho Hotta Co.,Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2018; Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 2018