Wakita & Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended November 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending February 28, 2018
January 09, 2018 at 12:00 pm IST
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Wakita & Co., Ltd. announced consolidated earnings results for the nine months ended November 30, 2017. For the nine months, the company reported net sales of ¥49,161 million against ¥44,911 million a year ago. Operating income was ¥4,548 million against ¥4,814 million a year ago. Ordinary income was ¥4,637 million against ¥4,901 million a year ago. Profit before income taxes was ¥4,622 million against ¥4,211 million a year ago. Profit attributable to owners of parent was ¥3,144 million or ¥60.47 per share against ¥2,970 million or ¥57.12 per share a year ago.
The company provided consolidated earnings guidance for the year ending February 28, 2018. For the year, the company expects net sales of ¥64,500 million, operating income of ¥6,800 million, ordinary income of ¥6,900 million and profit attributable to owners of parent of ¥4,700 million or ¥90.38 per share.
Wakita & Co.,LTD. is a Japan-based company engaged in the sale and leasing of civil engineering and construction machinery, cargo handling and transport machines, commercial equipment, video and audio equipment, game machines, construction materials, as well as rental & sale of real estate. The Company operates through three business segments. Construction Equipment segment is engaged in the sale and rental of civil engineering and construction machinery. Commercial Affairs segment is engaged in the sale of commercial facilities, audio equipment and game machines, among others. Real Estate segment is engaged in lease and sale of real estate including commercial buildings and condominiums.
Wakita & Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended November 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending February 28, 2018