Takihyo Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended August 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending February 28, 2017; Announces Dividend for the Second Quarter Ended August 31, 2016, Payable on October 27, 2016; Provides Dividend Guidance for the Year Ending February 28, 2017
October 07, 2016 at 04:19 am EDT
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Takihyo Co., Ltd. reported consolidated earnings results for the six months ended August 31, 2016. For the six months, the company reported net sales of JPY 38,408 million against JPY 38,945 million a year ago. Operating income was JPY 774 million against JPY 1,032 million a year ago. Ordinary income was JPY 722 million against JPY 1,162 million a year ago. Income before income taxes and minority interests was JPY 619 million against JPY 1,237 million a year ago. Net income attributable to owners of the parent was JPY 411 million against JPY 811 million a year ago. Net income per diluted share was JPY 8.73 against JPY 17.21 a year ago.
The company announced second quarter end dividend of JPY 4 per share for the period ended August 31, 2016 compared to JPY 4 per share a year ago. Scheduled date of commencing dividend payments is October 27, 2016.
For the year ending February 28, 2017, the company expects dividend of JPY 4.00 per share against JPY 4.00 per share last year.
The company provided consolidated earnings guidance for the year ending February 28, 2017. The company expects net sales of JPY 86,000 million, operating income of JPY 2,600 million, ordinary income of JPY 2,700 million, net income of JPY 1,700 million or JPY 36.45 per share.
Takihyo Co., Ltd. is a Japan-based company mainly engaged in the planning, manufacture and sale of apparel and textile-related products. The Company operates through two business segments. The Apparel and Textiles business is engaged in the planning, manufacture and sale of ladies and babies clothing, and woolen textiles. It is also engaged in the production management, delivery date management and quality management of products, and export operations. It is also engaged in the delivery-related operations for sorting, packing, and shipping. It is also engaged in the manufacture of patterns and samples, and planning and sales of uniforms. The Leasing business is engaged in rental management of real estate, and leasing of office equipment. The Company is also engaged in the sale of synthetic resin and chemical products, and the operation of Komeda Coffee shop as a franchisee.
Takihyo Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended August 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending February 28, 2017; Announces Dividend for the Second Quarter Ended August 31, 2016, Payable on October 27, 2016; Provides Dividend Guidance for the Year Ending February 28, 2017