USS Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018; Reports Dividend for the Second Quarter of Fiscal 2018, Payable on December 13, 2017; Provides Dividend Guidance for the Year Ending March 31, 2018
November 06, 2017
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USS Co. Ltd. reported consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported net sales of JPY 34,822 million against JPY 32,355 million a year ago. Operating income was JPY 17,013 million against JPY 15,490 million a year ago. Ordinary income was JPY 17,275 million against JPY 15,805 million a year ago. Profit attributable to owners of parent was JPY 11,799 million or JPY 46.37 per diluted share against JPY 10,840 million or JPY 42.44 per diluted share a year ago. Profit before income taxes was JPY 17,288 million against JPY 15,686 million a year ago. Net cash provided by operating activities was JPY 13,909 million against JPY 12,535 million a year ago. Purchase of property, plant and equipment was JPY 3,272 million against JPY 3,568 million a year ago. Purchase of intangible assets was JPY 294 million against JPY 346 million a year ago.
For the year ending March 31, 2018, the company expects consolidated net sales of JPY 74,700 million, operating income of JPY 35,800 million, ordinary income of JPY 36,400 million, profit attributable to owners of parent of JPY 24,000 or JPY 94.48 per share.
For the second quarter of year ending March 31, 2018 the company reported dividend of JPY 23.50 per share compared to JPY 23.20 per share paid a year ago. The dividend is payable on December 13, 2017.
For the year ending March 31, 2018 the company provided dividend guidance of JPY 23.70 per share compared to JPY 23.20 per share paid a year ago.
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 Six Months Ended September 30, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018; Reports Dividend for the Second Quarter of Fiscal 2018, Payable on December 13, 2017; Provides Dividend Guidance for the Year Ending March 31, 2018
USS CO., LTD. 
