Oenon Holdings, Inc. Reports Consolidated Earnings Results for the First Half Year Ended June 30, 2016; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2016
August 05, 2016
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Oenon Holdings, Inc. reported consolidated earnings results for the first half year ended June 30, 2016. For the period, the company reported net sales of JPY 38,511 million against JPY 39,139 million a year ago. Operating income was JPY 918 million against JPY 422 million a year ago. Ordinary income was JPY 755 million against JPY 360 million a year ago. Income before income taxes was JPY 811 million against JPY 363 million a year ago. Profit attributable to owners of the parent was JPY 504 million against JPY 167 million a year ago. Profit per share was JPY 8.05 against JPY 2.67 a year ago. Capital expenditures were JPY 662 million against JPY 862 million a year ago.,
The company provided consolidated earnings guidance for the year ending December 31, 2016. For the year, the company expects net sales of JPY 84,000 million, operating income of JPY 1,700 million, ordinary income of JPY 1,500 million, income before income taxes of JPY 1,250 million, profit of JPY 623 million, profit attributable to owners of parent of JPY 600 million or JPY 1.19 per share and total sales of JPY 81,400 million.
Oenon Holdings, Inc. is a Japan-based holding company mainly engaged in the liquor business. The Company operates in four business segments. The Liquor segment is engaged in the production, sale, transportation and cargo handling of shochu (Japanese spirits), shochu-based beverage, sake, synthetic sake, plum wine, processed liquor and wines, as well as the restaurant business. The Processing Starch segment is engaged in the sale of starch for processing. The Enzyme and Pharmaceutical segment is engaged in the production and sale of enzymes, bulk drugs, diagnostic drugs and others. The Real Estate segment is engaged in the purchase, sale and leasing of real estate.
Oenon Holdings, Inc. Reports Consolidated Earnings Results for the First Half Year Ended June 30, 2016; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2016