G-7 Holdings Inc. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings and Dividend Guidance for the Second Quarter of Fiscal 2018 and Full Year Ending March 31, 2018
July 31, 2017
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G-7 Holdings Inc. reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of $252,892,857 against $253,852,881 a year ago. Operating income was $7,607,143 against $6,296,764 a year ago. Ordinary income was $8,053,571 against $6,597,998 a year ago. Profit attributable to owners of parent was $5,053,571 or $0.418 per basic share against $3,507,920 or $0.290 per basic share a year ago.
The company provided dividend guidance for the second quarter of fiscal 2018 and full year ending March 31, 2018. For the quarter, the company expects to pay a dividend of $0.223 per share compared to $0.178 per share paid in the same period a year ago.
For the full year ending March 31, 2018, the company expects to pay a dividend of $0.223 per share compared to $0.294 per share paid in the same period a year ago.
The company provided earnings guidance for the full year ending March 31, 2018. For the period, the company expects net sales of $1,050,892,857, operating income of $36,607,143, ordinary income of $38,392,857 and profit attributable to owners of parent of $19,645,857 or $1.622 per basic share.
G-7 HOLDINGS Inc. is a Japan-based company mainly engaged in the sale of automobile and motorcycle-related goods and parts, the purchase and sale of new and used automobiles and motorcycles, the sale of food and miscellaneous goods, the wholesale of selected food, the direct sale of agricultural products, the purchase and sale of recycle goods, as well as the operation of real estate rental business. The Company operates in three business segments. The Autobacs and Vehicle-Related segment is engaged in the sale of automobiles and motorcycles, as well as the related parts and supplies. The Business Supermarket and Specialty Food segment is engaged in the sale of frozen and processed food products, as well as the wholesale of selected food products. The Other segment is involved in the direct sales of agricultural products, the purchase and sale of recycle goods, as well as the leasing of real estate.
G-7 Holdings Inc. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings and Dividend Guidance for the Second Quarter of Fiscal 2018 and Full Year Ending March 31, 2018
G-7 HOLDINGS INC. 
