Tsutsumi Jewelry Co., Ltd. Announces Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the First Half Year of Fiscal 2017 and Full Year Ending March 31, 2017; Provides Dividend Forecast for the Second Quarter and Full Year 2016
August 04, 2016
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Tsutsumi Jewelry Co., Ltd. announced earnings results for the first quarter ended June 30, 2016. For the period, the company reported net sales of ¥4,593 million, operating income of ¥26 million, ordinary income of ¥45 million, net income of ¥5 million and earnings per share of ¥0.32 against net sales of ¥4,790 million, operating income of ¥178 million, ordinary income of ¥205 million, net income of ¥113 million and earnings per share of ¥5.76 a year ago.
The company provided dividend forecast for the second quarter and full year 2016. For the quarter, the company forecast dividend of ¥15.
For the year, the company forecast dividend of ¥15.
The company provided earnings guidance for the first half year and full year ending March 31, 2017. For the first half year, the company forecast net sales of ¥9,500 million, operating income of ¥168 million, ordinary income of ¥210 million, net income of ¥100 million, and earnings per share of ¥5.41.
For the full year, the company forecast net sales of ¥20,200 million, operating income of ¥833 million, ordinary income of ¥920 million, net income of ¥530 million, and earnings per share of ¥28.66.
TSUTSUMI JEWELRY CO., LTD. is a Japan-based jewelry company. The Company is engaged in the manufacture, wholesale and retail of jewelry, such as rings, necklaces, bracelets and other accessories. The Company sells its products through its direct jewelry specialty stores.
Tsutsumi Jewelry Co., Ltd. Announces Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the First Half Year of Fiscal 2017 and Full Year Ending March 31, 2017; Provides Dividend Forecast for the Second Quarter and Full Year 2016