USS Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018
February 15, 2018 at 05:29 pm IST
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USS Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2017. For the nine months, the company reported net sales of JPY 54,003 million compared to JPY 48,622 million a year ago. Operating profit was JPY 26,021 million compared to JPY 23,358 million a year ago. Ordinary profit was JPY 26,436 million compared to JPY 23,833 million a year ago. Profit attributable to owners of parent was JPY 17,674 million compared to JPY 16,370 million a year ago. Diluted profit per share was JPY 69.45 compared to JPY 64.18 a year ago. Net cash provided by operating activities was JPY 14,796 million compared to JPY 14,698 million a year ago. Purchase of property, plant and equipment was JPY 3,880 million compared to JPY 4,638 million a year ago. Purchase of intangible assets was JPY 379 million compared to JPY 590 million a year ago. Profit before income taxes was JPY 26,436 million compared to JPY 23,747 million a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2018. For the fiscal year, the company expected net sales of JPY 74,700 million, operating profit of JPY 35,800 million, ordinary profit of JPY 36,400 million, profit attributable to the owners of the parent of JPY 24,000 million and profit per share of JPY 94.47.
USS Co Ltd is a Japan-based company mainly engaged in the auto auctions business. The Company operates in two business segments. The Auto Auction segment is engaged in the operation of auto auctions with used car dealers as members, the management of motorcycle auctions with used motorcycle dealers as members, the provision of auto auction connection services by satellite TV line and Internet, the provision of used car information services, the land transportation agency of exhibited cars and successful cars of auto auction, as well as the provision of financial services for auto auction members. The Used Automobile Purchase and Sale segment is engaged in the purchase and sale of used cars and accident-affected vehicles. The other business is engaged in the recycling of used vehicles, the provision of agency services for used vehicles, the sale of solar power generation systems and rental cars, as well as production and sale of recycled plastics.
USS Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018
USS CO., LTD. 
