FTGroup Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 2016; Provides Earnings Guidance for the First Half Ending September 2016 and Full Year Ending March 2017
August 10, 2016 at 06:30 pm IST
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FTGroup Co., Ltd. reported consolidated earnings results for the first quarter ended June 2016. For the quarter, the company reported net sales of JPY 9,208 million against JPY 8,085 million a year ago. Operating income was JPY 1,060 million against JPY 859 million a year ago. Ordinary income was JPY 1,042 million against JPY 863 million a year ago. Profit attributable to owners of parent was JPY 600 million against JPY 558 million a year ago. Diluted earnings per share were JPY 17.28 against JPY 15.56 a year ago.
The company provided earnings guidance for the first half ending September 2016 and full year ending March 2017. For the first half, the company expects net sales of JPY 18,800 million, operating income of JPY 2,200 million, ordinary income of JPY 2,200 million, profit attributable to the owners of the parent was JPY 1,350 million and net income per share of JPY 39.40.
For the full year, the company expects net sales of JPY 40,000 million, operating income of JPY 5,200 million, ordinary income of JPY 5,200 million, profit attributable to the owners of the parent was JPY 3,100 million and net income per share of JPY 90.48.
FTGroup CO.,LTD. is a Japan-based company mainly engaged in the corporate business and consumer business. The Company has two business segments. The Corporate segment is engaged in the sale, construction and maintenance of environment related products such as light emitting diode (LED) lighting products, air conditioning equipment and water saving equipment, information and communication equipment such as office automation (OA) equipment, business phones, file servers and integrated threat management (UTM) equipment, the provision of Internet services and power services for corporations, as well as the sale, construction and maintenance of environment related products such as LED lighting and air conditioning equipment in the Association of Southeast Asian Nations (ASEAN). The Consumer segment is engaged in the provision of Internet services, the sale of mobile terminals, and the sale and construction of solar power generation equipment and storage batteries for individual customers.
FTGroup Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 2016; Provides Earnings Guidance for the First Half Ending September 2016 and Full Year Ending March 2017