IZUMI Co., Ltd. Reports Consolidated Earnings Results for Nine Months Ended November 30, 2016; Provides Earnings Outlook for the Year Ending February 28, 2017; Provides Year End Dividend Outlook for the Year Ending February 28, 2017
January 10, 2017
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IZUMI Co., Ltd. reported consolidated earnings results for nine months ended November 30, 2016. For the period, the company's operating revenue was ¥513,269 million against ¥465,234 million a year ago. Operating income was ¥23,950 million against ¥21,701 million a year ago. Ordinary income was ¥24,082 million against ¥21,204 million a year ago. Profit attributable to owners of parent was ¥7,299 million against ¥13,487 million a year ago. Earnings per share were ¥101.87 against ¥188.19 a year ago. Net cash provided by operating activities was ¥21,642 million against ¥2,580 million a year ago. Purchase of property, plant and equipment was ¥16,474 million against ¥19,615 million a year ago. Purchase of intangible assets was ¥738 million against ¥1,384 million a year ago.
For the year ending February 28, 2017, the company expects year end dividend of ¥33.00 per share against ¥33.00 per share paid for the same period a year ago.
For the year ending February 28, 2017, the company expects operating revenue of ¥710,800 million, operating income of ¥34,700 million, ordinary income of ¥33,800 million and profit attributable to owners of parent of ¥13,500 million or ¥188.39 per share.
IZUMI CO., LTD. is a Japan-based company mainly engaged in the general retail business. The Company operates through two business segments. The Retail segment is engaged in the sale of clothing, housing-related goods and food products through its shopping centers, general merchandise stores (GMSs) and supermarkets. The Retail-related segment is engaged in the credit and finance business, the management of shop facilities, as well as the operation of restaurants. The Company is also engaged in the wholesale business and the real estate leasing business.
IZUMI Co., Ltd. Reports Consolidated Earnings Results for Nine Months Ended November 30, 2016; Provides Earnings Outlook for the Year Ending February 28, 2017; Provides Year End Dividend Outlook for the Year Ending February 28, 2017