Ichigo Inc. Provides Dividend Guidance for the Fourth Quarter Ending February 28, 2017; Announces Consolidated Financial Results for the Third Quarter and Nine Months Ended November 30, 2016; Provides Earnings Guidance for the Full Year Ending February 28, 2017
January 13, 2017 at 09:20 pm IST
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Ichigo Inc. provided dividends guidance for the fourth quarter ending February 28, 2017. For the period, the company expects to dividend of ¥5 per share against ¥3 per share paid a year ago.
The company announced consolidated financial results for the third quarter and nine months ended November 30, 2016. For the nine months, the company reported revenues of ¥93,835 million against ¥44,500 million a year ago. Operating profit was ¥17,042 million against ¥13,602 million a year ago. Total extraordinary gain was ¥2,427 million against ¥223 million a year ago. Total extraordinary loss was ¥269 million against ¥9 million a year ago. Pre-tax net income was ¥17,533 million against ¥12,664 million a year ago. Net income attributable to minority interests was ¥297 million against ¥104 million a year ago. Net income was ¥12,837 million against ¥11,598 million a year ago. Net cash from operating activities was ¥19,390 million against cash used for operating activities of ¥26,996 million a year ago. Acquisition of property, plant, and equipment was ¥5,604 million against ¥4,135 million a year ago. Acquisition of intangible assets was ¥1 million compared to ¥10 million a year ago. Net income per diluted share was ¥25.50 compared to ¥23.08 a year ago. Net assets per share were ¥155.32 compared to ¥134.54 a year ago.
For the third quarter, the company reported revenues of ¥7,844 million against ¥29,893 million a year ago. Operating profit was ¥2,058 million against ¥8,688 million a year ago. Total extraordinary losses were ¥27 million. Pre-tax net income was ¥1,513 million against ¥8,099 million a year ago. Net loss attributable to minority interests was ¥26 million against ¥50 million a year ago. Net income was ¥902 million against ¥7,376 million a year ago. Net cash used in operating activities was ¥32,358 million against cash from operating activities of ¥21,994 million a year ago. Acquisition of property, plant, and equipment was ¥1,062 million against ¥2,263 million a year ago.
For the full fiscal year ending February 28, 2017, the company expects revenues of ¥125,600 million, operating profit of ¥18,500 million and net income of ¥13,300 million or ¥26.43 per share.
Ichigo Inc. is a real estate company. The Company has four business segments. The Asset Management segment involves in the sourcing of target real estate, funding, property management, facility management and others. The Shinchiku segment aims to improve asset value by maximizing the use of the Companyâs real estate technology and know-how, and after the completion of value improvement of real estate. The Clean Energy segment involves in the effective utilization of real estate, as well as the solar business. The Others segment involves in the sales of investment securities, as well as other financial related business.
Ichigo Inc. Provides Dividend Guidance for the Fourth Quarter Ending February 28, 2017; Announces Consolidated Financial Results for the Third Quarter and Nine Months Ended November 30, 2016; Provides Earnings Guidance for the Full Year Ending February 28, 2017