Nishio Rent All Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended December 31, 2017; Provides Earnings Guidance for the Six Months Ending March 31, 2018 and Year Ending September 30, 2018; Provides Dividend Guidance for the Year Ending September 30, 2018
February 06, 2018
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Nishio Rent All Co., Ltd. reported consolidated earnings results for the first quarter ended December 31, 2017. For the quarter, the company reported net sales of JPY 34,940 million, operating income of JPY 4,609 million, ordinary income of JPY 4,662 million and profit attributable to owners of the parent of JPY 2,989 million or JPY 116.98 per diluted share as compared to net sales of JPY 32,029 million, operating income of JPY 3,573 million, ordinary income of JPY 3,558 million and profit attributable to owners of the parent of JPY 2,123 million or JPY 79.39 per diluted share for the same period a year ago. Profit before income taxes was JPY 4,640 million compared to JPY 3,549 million a year ago.
The company provided consolidated earnings guidance for the six months ending March 31, 2018 and year ending September 30, 2018. For the six months ending March 31, 2018, the company expects net sales of JPY 69,220 million, operating income of JPY 7,820 million, ordinary income of JPY 7,500 million and profit attributable to owners of the parent of JPY 4,720 million or JPY 184.87 per share.
For the year ending September 30, 2018, the company expects net sales of JPY 132,700 million, operating income of JPY 12,700 million, ordinary income of JPY 12,000 million and profit attributable to owners of the parent of JPY 7,450 million or JPY 291.79 per share.
For the year ending September 30, 2018, the company expects to pay dividend of JPY 59.00 per share against JPY 57.00 per share a year ago.
Nishio Holdings Co Ltd is a Japan-based company mainly engaged in the rental of construction and facility construction equipment, such as civil engineering and road machinery, aerial work machinery, construction machinery, surveying equipment, as well as related equipment for events, and other related businesses. The Rental-related business segment is engaged in the rental and construction of construction equipment, track construction equipment, contaminated soil and contaminated water treatment equipment, muddy water treatment equipment, tunnel and dam construction machinery, event equipment, and photography props, as well as electrical equipment work, electrical wiring work, and operation work for construction machinery and transport business. In addition, the Company is also engaged in the manufacture of tacks and screws, and construction equipment, as well as insurance and real estate leasing business.
Nishio Rent All Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended December 31, 2017; Provides Earnings Guidance for the Six Months Ending March 31, 2018 and Year Ending September 30, 2018; Provides Dividend Guidance for the Year Ending September 30, 2018