TKP Corporation Announces Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for the First Half of the Year Ending March 31, 2018
October 13, 2017
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TKP Corporation announced consolidated earnings results for the six months ended September 30, 2017. For the period, the group reported net sales of ¥13,983 million, operating income of ¥2,298 million, ordinary income of ¥2,116 million and net income attributable to owners of parent of ¥1,554 million or ¥47.56 per diluted share. Net income before income taxes was ¥2,603 million. Cash flow from operating activities was ¥1,288 million. Expenditures for acquisition of tangible fixed assets was ¥2,019 million. Expenditures for acquisition of intangible fixed asset was ¥56 million.
For the first half of the year ending March 31, 2018, the group expected to report net sales of ¥26,839 million, operating income of ¥3,271 million, ordinary income of ¥3,021 million and net income attributable to owners of parent of ¥1,705 million or ¥374.00 per share.
TKP Corporation is a Japan-based company mainly engaged in space regeneration distribution business by utilizing idle real estate. It is mainly engaged in meeting rooms and banquet halls leasing services. It manages rental conference rooms through TKP Rental Conference Room Net which is a tool to attract customers. Meeting rooms are used for conferences, seminars and lectures, training, examinations, social gatherings, exhibitions. Rooms are mainly located in metropolitan areas such as Tokyo, Sapporo, Fukuoka, Nagoya, Kyoto, Osaka, Hiroshima, New York and New Jersey. It also provides related services such as drinks and catering, rental options, lodging, event production and management support. Optional services rent meeting equipment. Accommodation service operates new style business hotels with meeting room facilities. It also provides building management services, telemarketing services, medical association operation consulting services and event production services.
TKP Corporation Announces Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for the First Half of the Year Ending March 31, 2018