USS Co. Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Second Quarter and Full Year of the Fiscal Year Ending March 31, 2018
May 10, 2017
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USS Co. Ltd. reported consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of JPY 67,179 million against JPY 68,607 million a year ago. Operating income was JPY 32,396 million against JPY 34,491 million a year ago. Ordinary income was JPY 32,999 million against JPY 35,218 million a year ago. Profit attributable to owners of parent was JPY 22,909 million against JPY 22,477 million a year ago. Diluted profit per share was JPY 89.87 against JPY 86.76 a year ago. ROE was 14.7% against 15.1% a year ago. ROA was 17.2% against 19.5% a year ago. Income before income taxes was JPY 32,481 million against JPY 34,418 million a year ago. Net cash provided by operating activities was JPY 28,882 million against JPY 26,030 million a year ago. Purchase of property, plant and equipment was JPY 5,148 million against JPY 8,455 million a year ago. Purchase of intangible assets was JPY 729 million against JPY 275 million a year ago.
The company provided consolidated earnings guidance for the second quarter and full year of the fiscal year ending March 31, 2018. For the second quarter ending, the company expects net sales of JPY 33,700 million, operating income of JPY 16,150 million, ordinary income of JPY 16,400 million, Profit attributable to owners of parent of JPY 11,250 million, profit per share of JPY 44.29.
For the full year ending, the company expects net sales of JPY 68,800 million, operating income of JPY 33,400 million, ordinary income of JPY 33,900 million, Profit attributable to owners of parent of JPY 23,200 million, profit per share of JPY 91.34.
USS Co Ltd is a Japan-based company mainly engaged in the auto auctions business. The Company operates in two business segments. The Auto Auction segment is engaged in the operation of auto auctions with used car dealers as members, the management of motorcycle auctions with used motorcycle dealers as members, the provision of auto auction connection services by satellite TV line and Internet, the provision of used car information services, the land transportation agency of exhibited cars and successful cars of auto auction, as well as the provision of financial services for auto auction members. The Used Automobile Purchase and Sale segment is engaged in the purchase and sale of used cars and accident-affected vehicles. The other business is engaged in the recycling of used vehicles, the provision of agency services for used vehicles, the sale of solar power generation systems and rental cars, as well as production and sale of recycled plastics.
USS Co. Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Second Quarter and Full Year of the Fiscal Year Ending March 31, 2018
USS CO., LTD. 
