Bic Camera Inc. Reports Consolidated Earnings Results for the Three Months Ended November 30, 2016; Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending August 31, 2017
January 12, 2017 at 08:30 pm IST
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Bic Camera Inc. reported consolidated earnings results for the three months ended November 30, 2016. For the period, the company reported net sales of JPY 179,279 million against JPY 180,387 million a year ago. Operating income was JPY 2,447 million against JPY 3,195 million a year ago. Ordinary income was JPY 2,836 million against JPY 3,385 million a year ago. Net income attributable to owners of parent was JPY 1,520 million or JPY 8.11 per diluted share against JPY 2,065 million or JPY 11.01 per diluted share a year ago.
The company provided consolidated earnings guidance for the first half and full year of fiscal year ending August 31, 2017. For the first half, the company expects net sales of JPY 395,000 million, operating income of JPY 10,400 million, ordinary income of JPY 10,900 million and net income attributable to owners of the company of JPY 6,200 million or JPY 34.10 per share.
For the fiscal year ending August 31, 2016, the company expects net sales of JPY 800,000 million, operating income of JPY 23,000 million, ordinary income of JPY 24,200 million and net income attributable to owners of the company of JPY 12,500 million or JPY 68.75 per share.
BIC CAMERA INC. is a Japan-based company engaged in the sale of goods such as audio-visual products, home appliances and information communication equipment products. Audio-visual products include cameras, televisions, recorder & video cameras, as well as audio products, among others. Home appliances include refrigerators, washing machines, cooking appliances, seasonal appliances, and beauty appliances. Information communication equipment products include personal computers, personal computer peripherals, computer software, and mobile phones. The Company also sells watches, second-hand computers, sporting goods, toys, glasses, contact lenses, alcoholic beverages, food, drinks, pharmaceuticals, as well as daily necessities. The Company is also involved in the broadcasting business, the logistics business, the recycling & reuse business, the communication service agency business, as well as the planning and sale of security equipment products.
Bic Camera Inc. Reports Consolidated Earnings Results for the Three Months Ended November 30, 2016; Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending August 31, 2017
BIC CAMERA INC. 
