Okinawa Cellular Telephone Company Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018
April 26, 2017
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Okinawa Cellular Telephone Company reported consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the year, on consolidated basis, the company reported operating revenues of ¥63,017 million against ¥62,656 million a year ago. Operating income was ¥11,703 million against ¥11,212 million a year ago. Recurring profits was ¥11,753 million against ¥11,275 million a year ago. Net income was ¥7,999 million or ¥292.56 per share against ¥7,505 million or ¥274.49 per share a year ago. The increase in cash flows from operating activities was due to an increase in net income for the term before taxes and other adjustments, as well as a decrease in the amount of income and other taxes payable, among other factors. Profit before income taxes was ¥11,753 million against ¥11,175 million a year ago. Net cash provided by operating activities were ¥15,792 million against ¥14,350 million a year ago. Purchase of property, plant and equipment was ¥6,214 million against ¥7,075 million a year ago. Purchase of intangible assets was ¥299 million against ¥303 million a year ago.
For the year, on non-consolidated basis, the company reported operating revenues of ¥60,565 million against ¥60,066 million a year ago. Operating income was ¥11,077 million against ¥10,164 million a year ago. Recurring profits was ¥11,164 million against ¥10,343 million a year ago. Net income was ¥8,024 million or ¥293.50 per share against ¥7,237 million or ¥264.70 per share a year ago. Profit before income taxes was ¥11,164 million against ¥10,343 million a year ago.
For the year ending March 31, 2018, the company expects consolidated operating revenues of ¥63,100 million, operating income of ¥12,000 million, recurring profits of ¥12,000 million and net income attributable to parent company shareholders of ¥8,200 million or ¥299.91 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 Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018