Tsutsumi Jewelry Co., Ltd. Announces Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Full Year Ending March 31, 2020; Provides Dividend Guidance for the Second Quarter and Fiscal Year 2019
August 08, 2019
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Tsutsumi Jewelry Co. Ltd. announced earnings results for the first quarter ended June 30, 2019. For the period, the company reported net sales of JPY 3,983 million against JPY 3,783 million a year ago. Operating income was JPY 60 million against JPY 24 million a year ago. Ordinary income was JPY 75 million against JPY 49 million a year ago. Net income was JPY 42 million against JPY 46 million a year ago. Net income per share was JPY 2.51 against JPYU 2.62 a year ago.
For the full year ending March 31, 2020, the company forecast net sales of JPY 16,700 million, operating income of JPY 915 million, ordinary income of JPY 990 million, net income of JPY 580 million, and earnings per share of JPY 34.14.
The company provided dividend guidance for the second quarter and fiscal year 2019. For the second quarter, the company expects dividend of JPY 15.00 per share against JPY 15.00 per share paid for the same period a year ago.
For the year, the company expects dividend of JPY 15.00 per share against JPY 15.00 per share paid for the same period a year ago.
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, 2019; Provides Earnings Guidance for the Full Year Ending March 31, 2020; Provides Dividend Guidance for the Second Quarter and Fiscal Year 2019