Tsutsumi Jewelry Co., Ltd. Announces Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the First Half Year of Fiscal 2018 and Full Year Ending March 31, 2018
August 03, 2017
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Tsutsumi Jewelry Co., Ltd. announced earnings results for the first quarter ended June 30, 2017. For the period, the company reported net sales of ¥3,828 million, operating income of ¥13 million, ordinary income of ¥11 million, net income of ¥15 million and earnings per share of ¥0.86 against 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 a year ago.
The company provided earnings guidance for the first half year and full year ending March 31, 2018. For the first half year, the company forecast net sales of ¥8,600 million, operating income of ¥130 million, ordinary income of ¥180 million, net income of ¥80 million, and earnings per share of ¥4.55.
For the full year ending March 31, 2018, the company forecast net sales of ¥18,200 million, operating income of ¥900 million, ordinary income of ¥1,000 million, net income of ¥610 million, and earnings per share of ¥34.70.
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, 2017; Provides Earnings Guidance for the First Half Year of Fiscal 2018 and Full Year Ending March 31, 2018