Tosho Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2017; Provides Dividend Guidance for the Full Year Ending March 31, 2017; Declares Dividend for the Six Months Ended September 30, 2016, Payable from December 9, 2016
October 31, 2016 at 07:14 pm IST
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Tosho Co., Ltd. announced consolidated earnings results for the six months ended September 30, 2016. For the period the company reported net sales of ¥10,480 million against ¥9,438 million a year ago. Operating income was ¥3,019 million against ¥2,642 million a year ago. Ordinary income was ¥3,040 million against ¥2,597 million a year ago. Net income attributable to owners of parent was ¥1,800 million or ¥94.02 net income per share against ¥1,528 million or ¥79.80 net income per share a year ago. Profit before income taxes was ¥3,039,141,000 against ¥2,596,599,000 a year ago. Net cash provided by operating activities was ¥1,900,561,000 against ¥2,611,168,000 a year ago. Purchase of property, plant and equipment was ¥1,533,399,000 against ¥1,774,284,000 a year ago.
The company provides earnings guidance for the fiscal year ending March 31, 2017. For the period the company forecast net sales of ¥20,700 million, operating income of ¥5,760 million, ordinary income ¥5,720 million, net income attributable to owners of parent ¥3,330 million and ¥173.85 net income per share.
The company provides dividend guidance for the full year ending March 31, 2017. For the period the company forecast dividend of ¥11.00 against ¥11.00 paid a year ago.
The company declared dividend of ¥11 per share for the six months ended September 30, 2016 against ¥10 per share paid a year ago, payable from December 9, 2016.
TOSHO CO., LTD. is a company mainly engaged in the operation of sports clubs for adults only. The Company operates in three business segments. The Sports Club segment is engaged in the operation of golf practice ranges under the name HOLIDAY SPORTS CLUB. The Hotel segment is engaged in the operation of hotels under the name AB HOTEL in Aichi prefecture. The Real Estate segment is engaged in the lease and operation of condominiums under the name A.City in Aichi prefecture.
Tosho Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2017; Provides Dividend Guidance for the Full Year Ending March 31, 2017; Declares Dividend for the Six Months Ended September 30, 2016, Payable from December 9, 2016