Askul Corporation Reports Consolidated Earnings Results for Six Months Ended November 20, 2016; Announces Dividend for Second Quarter of 2017, Payable on January 23, 2017; Provides Year End Dividend Outlook for 2017; Provides Earnings Outlook for the Year Ending May 20, 2017
January 06, 2017 at 08:30 pm IST
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ASKUL Corporation reported consolidated earnings results for the six months ended November 20, 2016. For the period, the company's net sales were ¥165,090 million against ¥149,944 million a year ago. Operating income was ¥3,641 million against ¥4,453 million a year ago. Ordinary income was ¥3,585 million against ¥4,432 million a year ago. Net income attributable to owners of the parent was ¥2,105 million against ¥2,775 million a year ago. Diluted net income per share was ¥0.00 against ¥52.64 a year ago. Profit before income tax was ¥3,541 million against ¥4,425 million a year ago. Cash flows from operating activities were ¥9,637 million against ¥5,750 million a year ago. Purchase of property, plant and equipment was ¥1,404 million against ¥5,977 million a year ago.
For the second quarter of 2017, the company declared dividend of ¥18.00 per share compared to ¥15.00 per share paid a year ago, payable on January 23, 2017.
For fiscal year ending May 2017, the company expects year end dividend of ¥18.00 per share.
For the year ending May 20, 2017, the company expects net sales of ¥348,000 million, operating income of ¥9,500 million, ordinary income of ¥9,500 million and net income attributable to owners of the parent of ¥5,500 million or ¥105.98 per share.
Askul Corp is a Japan-based company mainly engaged in the development of e-commerce business. The Company operates in two business segments. The E-Commerce segment is engaged in the sale of office automation (OA) and personal computer (PC) supplies, office supplies, office daily necessities, office furniture, groceries, alcoholic beverages, pharmaceuticals and cosmetics. The Logistics segment provides logistics and small freight transportation services for companies and real estate asset management business. The Company is also engaged in the manufacture and sale of water.
Askul Corporation Reports Consolidated Earnings Results for Six Months Ended November 20, 2016; Announces Dividend for Second Quarter of 2017, Payable on January 23, 2017; Provides Year End Dividend Outlook for 2017; Provides Earnings Outlook for the Year Ending May 20, 2017