Nishimoto Co., Ltd. Announces Consolidated Earnings Results for the First Nine Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2017
November 13, 2017
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Nishimoto Co., Ltd. announced consolidated earnings results for the first nine months ended September 30, 2017. For the period, Net Sales were JPY 128,995 million. Operating income was JPY 4,820 million. Ordinary income was JPY 4,468 million. Profit before income taxes was JPY 3,954 million. Net income was JPY 2,359 million. Profit attributable to owners of parent was JPY 2,359 million. Net income per share was JPY 188.55.
The company provided consolidated earnings guidance for the fiscal year ending December 31, 2017. For the period, the company expected net sales to be JPY 169,434 million. Operating income is expected to be JPY 6,835 million. Ordinary income is expected to be JPY 6,306 million. Profit attributable to owners of parent is expected to be JPY 3,349 million. Net income per share is expected to be JPY 258.08.
Nishimoto Co., Ltd. is a Japan-based holding company engaged in development and logistics of the Asian food and food materials, as well as the inport and wholesale of vegetable and fruits. The Company operates in two business segments. The Global Asian Food Business segment is involved in the import of Japanese food, as well as the provision of Asian food and ingredients. The Segment is also involved in the wholesale to restaurants and grocery stores. The Agriculture and Fishery Business segment is involved in the import and wholesale of fruits and vegetables and other processed goods to food manufacturers and restaurants. The Company is also involved in the import of overseas foods and groceries, as well as the development, manufacture, import and sale of character goods.
Nishimoto Co., Ltd. Announces Consolidated Earnings Results for the First Nine Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2017