Yamada Denki Co., Ltd. Announces Consolidated Earnings Results for the Full Year Ended March 31, 2016; Provides Consolidated Earnings Guidance for the First Half Ending September 30, 2016 and Fiscal Year Ending March 31, 2017
July 26, 2016 at 06:09 am IST
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Yamada Denki Co., Ltd. announced consolidated earnings results for the full year ended March 31, 2016. For the period, the consolidated company reported net sales of ¥1,612,736 million, operating income of ¥58,158 million, ordinary income of ¥62,734 million, profit attributable to owners of the parent of the company of ¥30,396 million or net income per dilute share of ¥38.16 compared to net sales of ¥1,664,371 million, operating income of ¥19,919 million, ordinary income of ¥35,538 million, profit attributable to owners of the parent of the company of ¥9,341 million or net income per diluted share of ¥11.72 for the same period last year. Return on equity was 6.0% against 1.8% a year ago. Income before income taxes was ¥51,070 million against ¥24,211 million a year ago. Net cash used in operating activities was ¥23 million against net cash provided from operating activities of ¥22,983 million a year ago. Purchases of property and equipment were ¥21,288 million against ¥28,455 million a year ago. Purchases of intangible assets were ¥612 million against ¥913 million a year ago.
For the first half ending September 30, 2016, the consolidated company expects revenue of ¥789,000 million, operating income of ¥23,200 million, ordinary income of ¥27,600 million, profit attributable to owners of the parent of the company of ¥12,700 million or net income per basic share of ¥15.83.
For the fiscal year ending March 31, 2017, the consolidated company expects revenue of ¥1,633,000 million, operating income of ¥71,400 million, ordinary income of ¥80,000 million, profit attributable to owners of the parent of the company of ¥42,500 million or net income per basic share of ¥52.97.
Yamada Holdings Co Ltd, formerly Yamada Denki Co Ltd, is a Japan-based company primarily engaged in the sale of home appliances and information appliances. The Company is engaged in the purchase and sale of products, the manufacture and sale of cosmetics, the delivery and installation of products, the collection and transportation of industrial waste, the purchase, recycling and sale of used home appliances and personal computers, the credit cards and mortgage loans business, the insurance agency business, the stores construction and electrical construction business, the air conditioning and electrical construction business, the real estate business, as well as the manufacture and sale of housing equipment and the construction and sale of houses.
Yamada Denki Co., Ltd. Announces Consolidated Earnings Results for the Full Year Ended March 31, 2016; Provides Consolidated Earnings Guidance for the First Half Ending September 30, 2016 and Fiscal Year Ending March 31, 2017