Meiko Network Japan Co., Ltd. Provides Dividend Guidance for the Second Quarter-End and Year-End of Fiscal Year 2017; Announces Consolidated Earnings Results for the First Quarter Ended November 30, 2016; Provides Earnings Guidance for the Six Months of 2017 and Full Year Ending August 31, 2017
January 11, 2017 at 10:00 pm IST
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Meiko Network Japan Co., Ltd. provided dividend guidance for the second quarter-end and year-end of fiscal year 2017. For the second quarter-end, the company expects to pay dividend of JPY 20.00 per share.
For the year-end, the company expects to pay final dividend of JPY 20.00 per share for the full year of fiscal 2017.
The company announced consolidated earnings results for the first quarter ended November 30, 2016. For the quarter, the company reported net sales of JPY 4,476,483,000 against JPY 4,111,115,000 a year ago. Operating income was JPY 544,401,000 against JPY 379,712,000 a year ago. Ordinary income was JPY 599,088,000 against JPY 369,821,000 a year ago. Income before income taxes and non-controlling interests was JPY 599,088,000 compared to Loss before income taxes and non-controlling interests of JPY 34,119,000 a year ago. Profit attributable to the owners of the parent was JPY 326,474,000 or JPY 12.29 per share against loss attributable to the owners of the parent was JPY 94,027,000 or JPY 3.43 per share a year ago.
For the six months, the company expects net sales of JPY 9,891 million, operating income of JPY 1,349 million, ordinary income of JPY 1,406 million, net income attributable to owners of the parent of JPY 754 million or JPY 28.42 per share.
For the full year ending August 31, 2017, the company expects net sales of JPY 20,041 million, operating income of JPY 2,560 million, ordinary income of JPY 2,650 million, net income attributable to owners of the parent of JPY 1,510 million or JPY 56.86 per share.
MEIKO NETWORK JAPAN CO., LTD. is mainly engaged in the operation of cram school business. The Company operates in three business segments. The Meiko Cram School Direct Operation segment is engaged in the provision of teaching guidance and the sale of teaching materials and text books. The Meiko Cram School Franchise segment provides guidance to classroom setting up and operation, and sells classroom supplies, machines, teaching materials, among others. The Preparatory Schools segment is involved in the operation of specialty cram schools for medical college entrance exam. The Others segment is engaged in the operation of soccer schools for children, individual tutoring cram schools for high academic level, long-term tutoring cram schools, as well as the publishing of academic textbooks, among others.
Meiko Network Japan Co., Ltd. Provides Dividend Guidance for the Second Quarter-End and Year-End of Fiscal Year 2017; Announces Consolidated Earnings Results for the First Quarter Ended November 30, 2016; Provides Earnings Guidance for the Six Months of 2017 and Full Year Ending August 31, 2017