Kaneko Seeds Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended of November 30, 2016; Provides Earnings Guidance for the Year Ending of May 2017; Announces the Dividend for the Second Quarter Ended of November 2016, Payable on February 13, 2017; Provides Dividend Guidance for the Year Ending of May 2017
January 06, 2017 at 08:30 pm IST
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vKaneko Seeds Co., Ltd. reported consolidated earnings results for the second quarter ended of November 30, 2016. For the quarter, the company reported net sales of JPY 23,900 million compared to JPY 24,881 million a year ago. Operating income was JPY 315 million compared to JPY 491 million a year ago. Ordinary income was JPY 351 million compared to JPY 546 million a year ago. Profit attributable to owners of parent was JPY 237 million compared to JPY 354 million a year ago. Basic earnings per share were JPY 20.24 compared to JPY 30.16 a year ago.
The company provided earnings guidance for the year ending of May 2017. For the period, the company expects net sales to be of JPY 58,100 million. Operating income expected to be of JPY 2,050 million. Ordinary income expected to be of JPY 2,200 million. Profit attributable to owners of parent expected to be of JPY 1,470 million. Basic earnings per share expected to be of JPY 125.20.
The company announced the dividend for the second quarter ended of November 2016. For the period, the company announced the dividend of JPY 11.00 per share compared to JPY 11.00 per share a year ago. The dividend will be payable on February 13, 2017.
The company provided dividend guidance for the year ending of May 2017. For the period, the company provided dividend guidance of JPY 14.00 per share compared to JPY 16.00 per share a year ago.
KANEKO SEEDS CO., LTD. is a Japan-based company mainly engaged in the sale of seedlings, gardening products, agrochemicals and agricultural facilities, as well as the design and construction of hydroponic culture plants, greenhouses and gardens. The Company operates in four business segments. The Seedling segment is engaged in the contract production, purchase and sale of vegetable seeds, pasture seeds, virus-free seedlings and seeds, and the design and construction of landscaping work. The Flower Growing segment is engaged in the production and sale of flower seeds and seedlings, as well as the purchase and sale of gardening products. The Agricultural Material segment is involved in the purchase and sale of agrochemicals and others. The Facility segment is engaged in the provision of agricultural facilities, as well as the development and sale of hydroponic culture plants and greenhouses.
Kaneko Seeds Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended of November 30, 2016; Provides Earnings Guidance for the Year Ending of May 2017; Announces the Dividend for the Second Quarter Ended of November 2016, Payable on February 13, 2017; Provides Dividend Guidance for the Year Ending of May 2017
KANEKO SEEDS CO., LTD. 
