Nissan Tokyo Sales Holdings Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended September 30, 2016; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2017
November 07, 2016 at 10:00 am EST
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Nissan Tokyo Sales Holdings Co., Ltd. reported consolidated earnings results for the second quarter ended September 30, 2016. For the quarter, the company reported net sales of JPY 62,973 million compared to JPY 69,548 million a year ago. Operating income was JPY 1,591 million compared to JPY 2,085 million a year ago. Ordinary income was JPY 1,297 million compared to JPY 1,763 million a year ago. Profit attributable to owners of parent was JPY 1,008 million compared to JPY 1,275 million a year ago. Basic net income per share was JPY 15.22 compared to JPY 19.22 a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2017. For the year, the company expected net sales of JPY 140,000 million, operating income of JPY 4,500 million, ordinary income of JPY 4,000 million, profit attributable to owners of parent of JPY 3,500 million and net income per share of JPY 52.78.
NISSAN TOKYO SALES HOLDINGS CO., LTD. is a Japan-based company mainly engaged in the automobile related business and the information system related business. The Company operates in two business segments. The Automobile Related segment is engaged in the purchase and sale of automobiles and automobile components, as well as the maintenance and inspection of automobiles. The Information System Related segment is engaged in the sale of computer hardware and software, the provision of kitting, installation support, network construction and maintenance services for equipment, as well as the provision of help desks and data centers services. The Company is also engaged in the real estate leasing business.
Nissan Tokyo Sales Holdings Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended September 30, 2016; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2017