VT Holdings Co. Ltd. Report Consolidated Earnings Results for the Six Months Ended September 30, 2014; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2015; Announces Dividend for the Second Quarter Ended September 30, 2014 Payable on November 26, 2014; Expects to Pay Year End Dividend for the Fiscal Year Ending December 31, 2015
November 14, 2014 at 05:15 am EST
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VT Holdings Co. Ltd. reported consolidated earnings results for the six months ended September 30, 2014. For the period, the company reported net income was ¥2.08 billion, or ¥17.65 per basic share, compared to ¥2.16 billion, or ¥19.92 per basic share, for the same period ended September 30, 2013. Net sales were ¥62.67 billion, compared to ¥60.46 billion for the same period ended September 30, 2013. Operating income for the six months ended September 30, 2014 was ¥2.84 billion, compared to ¥4.05 billion for the same period ended September 30, 2013. Ordinary income was ¥2,888 million against ¥3,945 million a year ago. Income before income taxes and minority interests was ¥3,343 million against ¥3,819 million a year ago. Net cash used in operating activities was ¥6,273 million against ¥4,146 million a year ago. Purchase of property, plant and equipment was ¥3,386 million against ¥1,387 million a year ago.
For the full year ending March 31, 2015, the consolidated company expects net sales to be ¥141 billion, operating income of ¥8,000 million, ordinary income of ¥7,900 million and net income to be ¥4.8 billion, or ¥40.80 per share.
The company announced dividend of ¥7.00 per share for the second quarter ended September 30, 2014 against ¥16.00 per share for the same period last year. The company will pay dividend on November 26, 2014.
The company expected to pay year end dividend of ¥7.00 per share for the fiscal year ending December 31, 2015 compared to ¥21.00 per share for the same period last year.
VT Holdings Co Ltd is a Japan-based company mainly engaged in the car sales related business mainly consisting of dealership business, car rental business and car export business. The Company operates through two business segments. The Automobile Sales Related segment is involved in the car sales related business including new car dealership business, which sells new and used cars and repairs automobiles, the import car importer business, used car export business, car rental business and others. The Housing Related segment is involved in the condominium sales, single-family home sales, construction contracts and others. The Company is also involved in the group-wide management business.
VT Holdings Co. Ltd. Report Consolidated Earnings Results for the Six Months Ended September 30, 2014; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2015; Announces Dividend for the Second Quarter Ended September 30, 2014 Payable on November 26, 2014; Expects to Pay Year End Dividend for the Fiscal Year Ending December 31, 2015