K.R.S. Corporation Reports Consolidated Earnings Results for the First Quarter Ended February 28, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending May 31, 2017 and Year Ending November 30, 2017
March 31, 2017
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K.R.S. Corporation reported consolidated earnings results for the first quarter ended February 28, 2017. For the quarter, the company reported operating revenue of JPY 37,009 million against JPY 36,852 million a year ago. Operating income was JPY 985 million against JPY 1,058 million a year ago. Ordinary income was JPY 999 million against JPY 1,000 million a year ago. Profit attributable to owners of parent was JPY 517 million against JPY 514 million a year ago. Earnings per share were JPY 41.66 against JPY 41.38 a year ago. Profit before income taxes was JPY 994 million against JPY 976 million a year ago. Net cash used in operating activities was JPY 607 million against JPY 1,184 million a year ago. Purchase of property, plant and equipment was JPY 1,496 million against JPY 3,025 million a year ago. Purchase of intangible assets was JPY 40 million against JPY 32 million a year ago.
The company provided consolidated earnings guidance for the six months ending May 31, 2017 and year ending November 30, 2017. For the six months, the company expects operating revenue of JPY 76,800 million, operating income of JPY 2,200 million, ordinary income of JPY 2,120 million, profit attributable to owners of parent of JPY 1,080 million and earnings per share of JPY 86.90.
For the year, the company expects operating revenue of JPY 156,500 million, operating income of JPY 5,100 million, ordinary income of JPY 5,000 million, profit attributable to owners of parent of JPY 2,750 million and earnings per share of JPY 221.26.
K.R.S.Corporation is a Japan-based company mainly engaged in the provision of comprehensive logistics services such as storage, cargo handling, transportation and information processing. The Company is involved in the Manufacture and sale of mayonnaise dressings, canned goods, egg products and frozen foods. The Company operates through three business segments. The Joint Logistics segment is involved in the storage, loading and unloading, national intermodal transportation of foods, as well as the lorry transportation of raw materials such as grease and vinegar. The Dedicated Logistics segment is involved in operation of operates logistics center such as convenience stores. The Other Related segment is involved in the sale of vehicles, logistics equipment and fuel. The Company is also involved in the real estate leasing business, worker dispatch business and non-life insurance agency business.
K.R.S. Corporation Reports Consolidated Earnings Results for the First Quarter Ended February 28, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending May 31, 2017 and Year Ending November 30, 2017