Nishimoto Co., Ltd. Reports Consolidated Earnings Results for the Year Ended December 31, 2017; Announces Dividend for the Year End of 2017, Payable on March 13, 2018; Provides Dividend Guidance for the Second Quarter and Year End of Fiscal 2018; Provides Earnings Guidance for the First Half and Full Year of Fiscal 2018
February 13, 2018
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Nishimoto Co., Ltd. reported consolidated earnings results for the year ended December 31, 2017. For the period, the company's net sales were JPY 172,078 million compared to JPY 158,338 million a year ago. Operating income was JPY 6,324 million compared to JPY 7,329 million a year ago. Ordinary income was JPY 5,916 million compared to JPY 6,922 million a year ago. Profit attributable to owners of parent was JPY 3,067 million compared to JPY 2,847 million a year ago. Net income per share was JPY 236.37 compared to JPY 227.95 a year ago. Return on equity was 6.9% compared to 7.5% a year ago. Cash flows from operating activities was JPY 1,399 million compared to JPY 3,811 million a year ago. Profit before income taxes was JPY 5,402 million compared to JPY 5,440 million a year ago. Purchase of property, plant and equipment was JPY 689 million compared to JPY 1,089 million a year ago. Purchase of intangible assets was JPY 171 million compared to JPY 73 million a year ago.
The company announced dividend for the year end of 2017. For the year end, the company announced dividend of JPY 70 per share. Scheduled date of commencement of dividend payments is on March 13, 2018.
The company provided dividend guidance for the second quarter and year end of fiscal 2018. For the second quarter, the company expects to pay dividend of JPY 40 per share.
For the year end, the company expects to pay dividend of JPY 55 per share compared to JPY 70 per share a year ago.
The company provided earnings guidance for the first half and full year of fiscal 2018. For the first half, the company expects net sales of JPY 92,334 million, operating income of JPY 3,167 million, ordinary income of JPY 3,120 million, profit attributable to owners of parent of JPY 2,180 million or JPY 151.93 per share.
For the year, the company expects net sales of JPY 184,814 million, operating income of JPY 6,775 million, ordinary income of JPY 6,681 million, profit attributable to owners of parent of JPY 4,664 million or JPY 324.98 per share.
Nishimoto Co., Ltd. is a Japan-based holding company engaged in development and logistics of the Asian food and food materials, as well as the inport and wholesale of vegetable and fruits. The Company operates in two business segments. The Global Asian Food Business segment is involved in the import of Japanese food, as well as the provision of Asian food and ingredients. The Segment is also involved in the wholesale to restaurants and grocery stores. The Agriculture and Fishery Business segment is involved in the import and wholesale of fruits and vegetables and other processed goods to food manufacturers and restaurants. The Company is also involved in the import of overseas foods and groceries, as well as the development, manufacture, import and sale of character goods.
Nishimoto Co., Ltd. Reports Consolidated Earnings Results for the Year Ended December 31, 2017; Announces Dividend for the Year End of 2017, Payable on March 13, 2018; Provides Dividend Guidance for the Second Quarter and Year End of Fiscal 2018; Provides Earnings Guidance for the First Half and Full Year of Fiscal 2018
NISHIMOTO CO., LTD. 