G-7 Holdings, Inc. Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Announces Dividend for the Year Ended March 31, 2017, Payable on June 14, 2017; Provides Dividend Guidance for the First Half of Fiscal 2018 and for the Year Ending March 31, 2018; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018
May 08, 2017
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G-7 Holdings Inc. reported consolidated earnings results for the year ended March 31, 2017. For the period, the company's net sales were $983,839,914 against $922,035,854 a year ago. Operating income was $34,735,716 against $26,872,559 a year ago. Ordinary income was $36,206,436 against $28,576,500 a year ago. Profit attributable to owners of parent was $18,539,977 against $16,569,045 a year ago. Basic earnings per share was $1.531 against of $1.366 a year ago. Rate of return on equity was 14.3% against 14.3% a year ago. Cash flows from operating activities were $32,846,065 against $34,478,168 a year ago. Net assets per share was $11.301 compared to $10.098 a year ago.
For the year ended March 31, 2017, the company announced dividend of $0.294 per share, payable on June 14, 2017 against $0.266 paid a year ago.
The company provided dividend guidance for the first half of fiscal 2018 and for the year ending March 31, 2018. For the first half of fiscal 2018, the company expects to pay dividend of $0.223 per share.
For the year ending March 31, 2018, the company expects to pay dividend of $0.223 per share.
For the year ending March 31, 2018, the company expects net sales of $1,049,113,112, operating income of $36,545,147, ordinary income of $38,327,837, profit attributable to owners of parent of $19,609,591 or $1.619 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 Year Ended March 31, 2017; Announces Dividend for the Year Ended March 31, 2017, Payable on June 14, 2017; Provides Dividend Guidance for the First Half of Fiscal 2018 and for the Year Ending March 31, 2018; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018
G-7 HOLDINGS INC. 
