Advan Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018; Provides Dividend Guidance for the Year Ending March 31, 2018
January 10, 2018
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Advan Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported net sales of ¥15,003 million against ¥14,619 million a year ago. Operating income was ¥4,121 million against ¥4,018 million a year ago. Ordinary income was ¥4,924 million against ¥4,576 million a year ago. Net income attributable to owners of parent was ¥3,269 million or ¥76.38 per share against ¥3,002 million or ¥75.75 per share a year ago.
For the year ending March 31, 2018, on consolidated basis, the company expects net sales of ¥20,500 million, operating income of ¥5,600 million, ordinary income of ¥6,000 million, net income attributable to owners of parent of ¥4,000 million or ¥93.44 per share.
For the year ending March 31, 2018, the company expects to pay a dividend of ¥13 per share compared to ¥13 per share paid a year ago.
Advan Group Co Ltd, formerly Advan Co Ltd, is a Japan-based company mainly engaged in the import and sale of building finishing materials. The Company operates in three business segments. The Construction Materials Related segment is engaged in the import and sale of construction materials such as stones, tiles, housing-related products, fireplaces and stoves, faucets, system kitchens and other building materials, as well as the related construction works. The Real Estate Leasing segment is engaged in the leasing and management of distribution centers and other real estates. The Others segment is engaged in the wholesale of imported bricks, pots and other gardening-related products, as well as the logistics management business.
Advan Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018; Provides Dividend Guidance for the Year Ending March 31, 2018