Sotsu Co.,Ltd. Reports Consolidated Earnings Results for the Six Months Ended February 29, 2016; Provides Earnings Guidance for the Year Ending August 31, 2016
Sotsu Co.,Ltd. reported consolidated earnings results for the six months ended February 29, 2016. For the period, the company's net sales were ¥12,541,655,000 against ¥12,539,101,000 a year ago. Operating income was ¥1,822,376,000 against ¥1,679,937,000 a year ago. Income before income taxes and minority interests was ¥1,834,067,000 against ¥1,622,265,000 a year ago. Profit attributable to owners of parent was ¥1,201,145,000 or ¥81.85 diluted per share against ¥1,007,712,000 or ¥64.29 diluted per share a year ago. Net cash used in operating activities was ¥259,822,000 against net cash provided by operating activities of ¥722,661,000 a year ago. Purchase of property, plant and equipment was ¥10,538,000 against ¥1,302,000 a year ago. Purchase of intangible assets was ¥2,930,000 against ¥4,950,000 a year ago.
For the year ending August 31, 2016, the company expects net sales to be ¥24,500 million, operating income to be ¥3,500 million, ordinary income to be ¥3,500 million and profit attributable to owners of parent to be ¥2,200 million or ¥149.92 per share.