IBJ Leasing Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017; Declares Dividend for the Second Quarter Ended September 30, 2016, Payable on December 6, 2016; Provides Year-End Dividend Guidance for the Year Ending March 31, 2017
November 11, 2016 at 09:59 am EST
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IBJ Leasing Co. Ltd. reported consolidated earnings results for the six months ended September 30, 2016. For the period, the company's revenues were JPY 181,364 million compared to JPY 166,212 million a year ago. Operating income was JPY 10,599 million compared to JPY 8,338 million a year ago. Ordinary income was JPY 11,111 million compared to JPY 8,780 million a year ago. Net income attributable to owners of the parent was JPY 7,501 million or JPY 175.88 per share compared to JPY 5,894 million or JPY 138.22 per basic share a year ago. Net cash used in operating activities was JPY 6,181 million compared to JPY 5,459 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 830 million compared to JPY 1,140 million a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2017. For the year, the company expects revenues of JPY 350,000 million, operating income of JPY 18,000 million, ordinary income of JPY 18,700 million and net income attributable to owners of the parent of JPY 12,000 million or JPY 281.37 per basic share.
The company declared dividend for the second quarter ended September 30, 2016 of JPY 30.00 per share compared to JPY 30.00 per share for the same period last year. The planned date of dividend payout is December 6, 2016.
The company provided dividend guidance for the year ending March 31, 2017. For the year, the company expects to pay year-end dividend of JPY 32.00 per share compared to JPY 30.00 per share for the same period last year. Thus the total annual dividend would amount to JPY 62.00 per share compared to JPY 60.00 per share for the same period last year.
Mizuho Leasing Company, Limited, formerly IBJ Leasing Company, Limited, is mainly engaged in lease, installment sales and various financial transactions for industrial machinery, transportation equipment, information-related equipment. The Company operates in three business segments. The Leasing and Installment segment is engaged in the installment sales business of leasing operations (including expiration of lease transactions and property sales due to halfway cancellation) and production facilities, construction earthmoving machines, commercial facilities etc. for industrial machine tools, transportation equipment, information related equipment. The Finance segment is involved in corporate finance, ship financing, factoring business and investment business of securities owned to earn profits for business purpose. The Others segment is engaged in used property buying and selling, solar power selling business.
IBJ Leasing Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017; Declares Dividend for the Second Quarter Ended September 30, 2016, Payable on December 6, 2016; Provides Year-End Dividend Guidance for the Year Ending March 31, 2017