Sato Restaurant Systems Co., Ltd. Reports Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Six Months and Year Ended March 31, 2017
August 01, 2016
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Sato Restaurant Systems Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of ¥9,572 million against ¥9,386 million a year ago. Operating loss was ¥261 million against income of ¥35 million a year ago. Ordinary loss was ¥407 million against income of ¥5 million a year ago. Loss attributable to owners of the parent was ¥586 million or ¥17.67 per share against ¥43 million or ¥1.47 per share a year ago. Loss before income taxes and minority interests was ¥414,137 million against income of ¥2,046 million a year ago.
For the first six months ended Sep. 30, 2016, the company expects, net sales of ¥20,900 million, operating income of ¥310 million, Ordinary income of ¥330 million, net loss attributable to owners of the parent of ¥20 million or ¥0.60 per share.
For the Year ended March 31, 2017, the company expects, net sales of ¥43,400 million, operating income of ¥850 million, Ordinary income of ¥940 million, net profit attributable to owners of the parent of ¥400 million or ¥12.04 per share.
SRS HOLDINGS CO.,LTD. is a Japan-based company mainly engaged in the restaurants operation business. Its main products are Japanese food. The main brands include WASHOKU SATO, SANTEN, NABEICHI, Meotozenzai, CHOJIRO, Meshiya Miyamoto Munahsi, MIYAKOBITO. The Company is also engaged in real estate rental business.
Sato Restaurant Systems Co., Ltd. Reports Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Six Months and Year Ended March 31, 2017