Trust Tech Inc. Announces Consolidated Earnings Results for the Six Months Ended December 31, 2015; Announces Dividend for the Second Quarter of 2016, Payable on March 4, 2016; Provides Dividend Guidance for the Year End of Fiscal Year 2016; Provides Consolidated Earnings Guidance for the Fiscal Year 2016
February 12, 2016
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Trust Tech Inc. announced consolidated earnings results for the six months ended December 31, 2015. For the period, the company reported net sales of JPY 14,545 million compared with JPY 9,918 million for the same period a year ago. Operating income was JPY 1,107 million compared with JPY 655 million for the same period a year ago. Ordinary income was JPY 1,103 million compared with JPY 670 million for the same period a year ago. Profit attributable to owners of parent was JPY 643 million or JPY 66.15 per diluted share compared with JPY 423 million or JPY 43.76 per diluted share for the same period a year ago. Net cash flows from operating activities was JPY 359.715 million compared with JPY 341.675 million for the same period a year ago. Income before income taxes and minority interests was JPY 1,125.950 million compared with JPY 664.986 million for the same period a year ago. Purchase of property, plant and equipment was JPY 49.872 million compared with JPY 86.055 million for the same period a year ago. Purchase of intangible assets was JPY 31.492 million compared with JPY 62.977 million for the same period a year ago.
For the second quarter of fiscal year 2016, the company announced dividend of JPY 30.00 per share against JPY 25.00 per share a year ago. The dividend is payable on March 4, 2016.
For the year end of fiscal year 2016, the company announced dividend guidance of JPY 25.00 per share against JPY 35.00 per share announced a year ago.
For the fiscal year of 2016, on consolidated basis, the company expects to report net sales of JPY 30,000 million, operating income of JPY 2,500 million, ordinary income of JPY 2,500 million and profit attributable to owners of parent of JPY 1,500 million or JPY 77.69 per share.
Open Up Group Inc, former BeNext-Yumeshin Group Co, is a Japan-based company engaged in human resource services, mainly dispatching engineers and business contracting. The Company operates in four business segments. The Mechanical and Electrical, Information Technology (IT) Domain segment consists of mechanical, electrical and electronic engineers such as development, design and manufacturing technology at domestic manufacturers, and construction and development of networks, servers, software at IT companies. Dispatch and contract work by IT engineers for operation system. The Construction Domain segment mainly dispatches construction management engineers and computer-aided design (CAD) engineers to companies in the domestic construction industry. The Manufacturing Domain segment mainly dispatches and outsources work in the manufacturing process for domestic manufacturers. The Overseas Domain segment is engaged in dispatch, recruitment, and personnel consulting.
Trust Tech Inc. Announces Consolidated Earnings Results for the Six Months Ended December 31, 2015; Announces Dividend for the Second Quarter of 2016, Payable on March 4, 2016; Provides Dividend Guidance for the Year End of Fiscal Year 2016; Provides Consolidated Earnings Guidance for the Fiscal Year 2016