Toei Co., Ltd. Announces Dividend for the Year Ended March 31, 2016, Payable on June 30, 2016; Provides Interim and Year-End Dividend Guidance for the Year Ending March 31, 2017 ; Announces Earnings Results for the Year Ended March 31, 2016 ; Provides Earnings Guidance for the First Half and Full Year of Fiscal 2017
May 13, 2016 at 10:00 am EDT
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Toei Co., Ltd. announced year-end dividend of ¥4 per share for the year ended March 31, 2016 compared to ¥4 per share paid a year ago. Dividend will be payable on June 30, 2016.
The company expected interim dividend of ¥3 per share for the second quarter end of fiscal year ending March 31, 2017 compared to ¥3 per share paid a year ago.
The company expected year-end dividend of ¥3 per share for the year ending March 31, 2017 compared to ¥4 per share paid a year ago.
The company announced earnings results for the year ended March 31, 2016. For the year, the company reported net sales of ¥122,834 million, operating income of ¥16,039 million, ordinary income of ¥18,630 million, profit attributable to owners of parent of ¥8,688 million or ¥68.8 per basic share, cash flows from operating activities of ¥17,366 million, rate of return on equity of 6.7% compared to the net sales of ¥112,263 million, operating income of ¥11,051 million, ordinary income of ¥13,156 million, profit attributable to owners of parent of ¥6,695 million or ¥53.01 per basic share, cash flows from operating activities of ¥12,531 million, rate of return on equity of 5.6% for the previous year.
For the half year ending September 2016, the company expected net sales of ¥58,000 million, operating income of ¥7,200 million, ordinary income of ¥8,500 million, profit attributable to owners of parent of ¥3,900 million and basic earnings per share of ¥30.88.
For the fiscal year ending March 2017, the company expected net sales of ¥109,000 million, operating income of ¥11,000 million, ordinary income of ¥13,000 million, profit attributable to owners of parent of ¥6,400 million and basic earnings per share of ¥50.68.
TOEI COMPANY, LTD. is a Japan-based company mainly involved in the image related business. It has five business segments. The Image-related segment is engaged in the production, distribution, import and export of theater movies, the production and sale of digital versatile disk (DVD), the production and distribution of television (TV) films, the development of movie films, as well as the advertising agency business, among others. The Distribution-related segment operates direct managed theaters and cinema complexes. The Event-related segment plans and operates the characters in its films and culture events. The Tourism and Real Estate segment is engaged in the leasing of real estate and the operation of hotels. The Construction and Interior Decoration segment is involved in the construction and interior decoration businesses.
Toei Co., Ltd. Announces Dividend for the Year Ended March 31, 2016, Payable on June 30, 2016; Provides Interim and Year-End Dividend Guidance for the Year Ending March 31, 2017 ; Announces Earnings Results for the Year Ended March 31, 2016 ; Provides Earnings Guidance for the First Half and Full Year of Fiscal 2017