G-7 Holdings Inc. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020
July 31, 2019
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G-7 Holdings Inc. reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of $289,498,098 against $264,058,259 a year ago. Operating income was $11,726,505 against $8,377,058 a year ago. Profit attributable to owners of parent was $7,783,653 against $5,346,481 a year ago. Basic earnings per share was $0.643 against $0.442 a year ago.
For the year ending March 31, 2020, the company expects net sales of $1,298,821,783, operating income of $49,169,682, profit attributable to owners of parent of $31,078,950 or $2.566 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, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020
G-7 HOLDINGS INC. 
