Iino Kaiun Kaisha, Ltd. Announces Consolidated Unaudited Earnings Results for the Six Months Ended September 30, 2017; Revises Earnings Guidance for the Year Ending March 31, 2018
October 31, 2017
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Iino Kaiun Kaisha, Ltd. announced consolidated unaudited earnings results for the six months ended September 30, 2017. For the period, the company reported net sales of JPY 40,439 million as compared to JPY 41,840 million a year ago. Operating income was JPY 3,339 million as compared to JPY 3,134 million a year ago. Ordinary income was JPY 3,079 million as compared to JPY 1,992 million a year ago. Profit attributable to owners of parent was JPY 3,445 million as compared to JPY 1,535 million a year ago. Net income per share were JPY 31.04 as compared to JPY 13.84 a year ago. Cash flows from operating activities was JPY 6,867 million as compared to JPY 7,339 million a year ago. Net cash provided by operating activities was JPY 6,793 million as compared to JPY 6,236 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 2,228 million as compared to JPY 3,351 million a year ago. Profit before income tax was JPY 3,605 million against JPY 1,585 million a year ago.
The company revised earnings results guidance for the year ending March 31, 2018. For the year, the company now expects net sales of JPY 80,000 million, Operating income of JPY 5,300 million, Ordinary income of JPY 4,300 million, Profit attributable to owners of parent of JPY 4,300 million against previous forecast of net sales of JPY 80,000 million, Operating income of JPY 5,000 million, Ordinary income of JPY 4,000 million, Profit attributable to owners of parent of JPY 4,200 million. Net income per share of was JPY 38.75.
IINO KAIUN KAISHA, LTD. is a company primarily engaged in the shipping business. The Company operates through three business segments. The Overseas Shipping segment is engaged in the shipping, ship leasing, ship chartering and management, as well as ship brokerage business, the sale of ship equipment and the operation of ship agencies. The Coastal Shipping segment is engaged in the shipping, ship leasing, ship chartering and management. The Real Estate segment is engaged in the leasing and management of buildings, warehousing business and real estate related business.
Iino Kaiun Kaisha, Ltd. Announces Consolidated Unaudited Earnings Results for the Six Months Ended September 30, 2017; Revises Earnings Guidance for the Year Ending March 31, 2018