Toho Co., Ltd. Reports Consolidated Earnings Results for the Three Months Ended April 30, 2016; Provides Earnings Guidance for the Six Months Ending July 31, 2016 and Fiscal Year Ending January 31, 2017
June 07, 2016
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Toho Co., Ltd. reported consolidated earnings results for the three months ended April 30, 2016. For the period, net sales were JPY 52,584 million against JPY 52,055 million a year ago. Operating income was JPY 658 million against JPY 593 million a year ago. Ordinary income was JPY 662 million against JPY 564 million a year ago. Profit attributable to owners of parent was JPY 315 million or JPY 28.92 per share against JPY 440 million or JPY 40.33 per share a year ago. Income before income taxes and minority interests was JPY 412 million against JPY 602 million a year ago.
For the six months ending July 31, 2016, on consolidated basis, the company expects, net sales of JPY 108,000 million, operating income of JPY 1,300 million, ordinary income of JPY 1,250 million and profit attributable to owners of parent of JPY 600 million or JPY 54.95 per share.
For the fiscal year ending January 31, 2017, on consolidated basis, the company expects, net sales of JPY 222,000 million, operating income of JPY 3,000 million, ordinary income of JPY 2,900 million and profit attributable to owners of parent of JPY 1,300 million or JPY 119.07 per share.
Toho Co Ltd is a Japan-based company mainly sells all types of food, from commercial food to household food to users. The Company operates through four segments. The Distributor segment purchases food ingredients for the food service industry and delivers and sells them to the food service industry. The Cash and Carry segment is engaged in the purchase of ingredients for the food service industry, and the cash sale of commercial food to small and medium-sized restaurant operators. The Food Supermarket segment purchases food, and operates food supermarkets. The Food Solutions segment is engaged in application service provider (ASP), quality control services, general construction contracting, manufacture and sale of commercial cooking equipment, interior design and construction of restaurants. The Company is also engaged in the production and sale of agricultural products, wholesale of fresh produce to the food service industry, and software development and maintenance.
Toho Co., Ltd. Reports Consolidated Earnings Results for the Three Months Ended April 30, 2016; Provides Earnings Guidance for the Six Months Ending July 31, 2016 and Fiscal Year Ending January 31, 2017