Okinawa Cellular Telephone Company Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2012; Plan to Pay Year End Dividend for the Fiscal Year Ending March 31, 2013; Revises Earnings Guidance for the Fiscal Year Ending March 31, 2013
January 27, 2013 at 04:04 am EST
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Okinawa Cellular Telephone Company announced consolidated earnings results for the nine months ended December 31, 2012. For the quarter, the company reported operating revenues of JPY 38,829 million against JPY 36,681 million for the same period a year ago, owing to an increase in revenues from the sale of handsets, which resulted from an improvement in the ratio of number of smart phone handsets shipped and an expanded customer base for au mobile phones and au HIKARI Chura. Operating income was JPY 7,335 million against JPY 6,672 million for the same period a year ago. Recurring profits was JPY 7,370 million against JPY 6,688 million for the same period a year ago. Net income was JPY 3,843 million against JPY 4,124 million for the same period a year ago. Net income per share was JPY 140.56 against JPY 150.83 for the same period a year ago. Cash flows from operating activities were JPY 5,266 million against JPY 6,301 million for the same period a year ago, decreased due to loss on impairment and increases in accounts receivable and inventory assets.
The company announced that it plans to pay year end dividend of JPY 38.50 per share for the fiscal year ending March 31, 2013.
The company revised consolidated earnings guidance for the fiscal year ending March 31, 2013. For the year, the company expects operating revenues of JPY 51,500 million, operating income of JPY 8,900 million, recurring profits of JPY 8,900 million, net income of JPY 4,600 million and earnings per share of JPY 168.24 per share.
OKINAWA CELLULAR TELEPHONE COMPANY is a Japan-based company mainly engaged in the telecommunications business. The Company is engaged in the provision of mobile services, domestic and international communication services, and Internet services. The Company also provides dedicated services, au mobile phone services, au mobile phone terminal sales, renting and maintenance of communication equipment, and outsourcing lines. The Company is also engaged in the production and sales of agricultural business, and tourism business.
Okinawa Cellular Telephone Company Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2012; Plan to Pay Year End Dividend for the Fiscal Year Ending March 31, 2013; Revises Earnings Guidance for the Fiscal Year Ending March 31, 2013