Sho-Bond Holdings Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended December 31, 2016; Revises Earnings Guidance for the Year Ending June 30, 2017; Announces Dividend for the Six Months Ended December 31, 2016, Payable on March 14, 2017; Provides Year-End Dividend Guidance for the Year Ending June 30, 2017
February 10, 2017
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Sho-Bond Holdings Co., Ltd. reported consolidated earnings results for the six months ended December 31, 2016. For the period, the company reported net sales of JPY 25,291 million against JPY 25,130 million a year ago. Operating income was JPY 5,029 million against JPY 4,717 million a year ago. Ordinary income was JPY 5,149 million against JPY 4,858 million a year ago. Profit attributable to owners of the parent was JPY 3,480 million or JPY 129.32 per basic share against JPY 3,212 million or JPY 119.34 per basic share a year ago. Profit before income taxes was JPY 5,142 million against JPY 4,857 million a year ago. Net cash used in operating activities was JPY 3,542 million against JPY 6,716 million a year ago. Purchase of property, plant and equipment was JPY 98 million against JPY 118 million a year ago.
For the year ending June 30, 2017, the company expects net sales of JPY 53,000 million, operating income of JPY 9,500 million, ordinary income of JPY 9,800 million and profit attributable to owners of the parent to be JPY 6,600 million or JPY 245.22 basic earnings per share compared to previous guidance of net sales of JPY 53,000 million, operating income of JPY 9,400 million, ordinary income of JPY 9,700 million and profit attributable to owners of the parent to be JPY 6,500 million or JPY 241.50 basic earnings per share.
The company announced dividend of JPY 40.00 per share for the six months ended December 31, 2016 compared to JPY 27.00 per share a year ago. The scheduled date of commencing dividend payments is March 14, 2017.
For the year ending June 30, 2017, the company expects to pay year-end dividend of JPY 55.00 per share compared to JPY 60.00 per share a year ago.
SHO-BOND Holdings Co.,Ltd. is a Japan-based holding company mainly engaged in the contracting, design and consulting for civil engineering and construction work. The Company is involved in the repairing and reinforcement work for public structures, as well as the sale of its products through its Domestic Construction segment. The Company is also involved in product manufacture business, construction material manufacture and sales business, mechanical joint manufacture and sales business, as well as overseas construction business, among others.
Sho-Bond Holdings Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended December 31, 2016; Revises Earnings Guidance for the Year Ending June 30, 2017; Announces Dividend for the Six Months Ended December 31, 2016, Payable on March 14, 2017; Provides Year-End Dividend Guidance for the Year Ending June 30, 2017