G-7 Holdings, Inc. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Announces Dividend for the Second Quarter Ended September 30, 2017, Payable on December 04, 2017; Provides Dividend and Earnings Guidance for the Fiscal Year Ending March 31, 2018
October 31, 2017
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G-7 Holdings Inc. reported consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported net sales of USD 507,052,249 compared to USD 523,773,734 a year ago. Operating income was USD 14,406,103 compared to USD 14,250,396 a year ago. Ordinary income was USD 15,337,532 compared to USD 15,733,782 a year ago. Profit attributable to owners of parent was USD 9,527,189 compared to USD 8,465,190 a year ago. Basic earnings per share were USD 0.787 compared to USD 0.700 a year ago.
The company provided earnings guidance for the year ending March 31, 2018. For the year, the company expects net sales to be of USD 1,044,087,643, operating income of USD 36,370,088, ordinary income of USD 38,144,238 and profit attributable to owners of parent of USD 19,515,657 or USD 1.611.
The company announced dividend of USD 0.222 per share for the second quarter ended September 30, 2017 compared to paid dividend of USD 0.178 a year ago, payable on December 04, 2017.
The company expected to pay year-end dividend of USD 0.222 per share for the fiscal year ending March 31, 2017 compared to paid dividend of USD 0.294 per share for the same period last year.
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 Six Months Ended September 30, 2017; Announces Dividend for the Second Quarter Ended September 30, 2017, Payable on December 04, 2017; Provides Dividend and Earnings Guidance for the Fiscal Year Ending March 31, 2018
G-7 HOLDINGS INC. 
