Yamada Denki Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Year-End Dividend Outlook for Fiscal Year Ending March 31, 2019; Provides Earnings Outlook for First Half Ending September 30, 2018 and Full Year Ending March 31, 2019
July 24, 2018 at 06:03 am IST
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Yamada Denki Co., Ltd. reported consolidated earnings results for the year ended March 31, 2018. For the period, the company's net sales were ¥1,573,873 million against ¥1,563,056 million a year ago. Operating profit was ¥38,763 million against ¥57,895 million a year ago. Ordinary profit was ¥47,336 million against ¥66,040 million a year ago. Profit attributable to owners of parent was ¥29,780 million against ¥34,528 million a year ago. Diluted earnings per share were ¥36.66 against ¥42.89 a year ago. Return on equity was 5.2% against 6.3% a year ago. Net cash flows from operating activities were ¥61,689 million against ¥43,856 million a year ago. The change in cash flows was mainly due to a decrease in notes and accounts receivable, an increase in notes and accounts payable, and a decrease in inventories, despite profit before income taxes falling below the amount for the previous fiscal year. Profit before income tax was ¥40,015 million against ¥56,882 million a year ago. Purchases of property and equipment were ¥10,049 million against ¥17,456 million a year ago. Purchases of intangible assets were ¥346 million against ¥787 million a year ago.
The company expects year-end dividend of ¥17.00 per share for fiscal year ending March 31, 2019 against ¥13.00 per share paid a year ago.
For six months ending September 30, 2018, the company expects net sales of ¥823,000 million, operating profit of ¥31,100 million, ordinary profit of ¥35,200 million and profit attributable to owners of parent of ¥17,200 million or ¥21.49 per basic share.
For fiscal year ending March 31, 2019, the company expects net sales of ¥1,712,000 million, operating profit of ¥72,100 million, ordinary profit of ¥80,100 million and profit attributable to owners of parent of ¥44,800 million or ¥55.98 per basic share.
Yamada Holdings Co Ltd is mainly engaged in the business of selling home appliances and information appliances. The Company operates through two business segments. The Denki segment is engaged in the sale of home appliances such as televisions, refrigerators, and washing machines, as well as information appliances such as PCs and cell phones, and home renovation, furniture, interior design, and other products related to the home. The Housing Construction segment is engaged in the sale of detached houses and other housing units, and manufacture and sale of bathrooms, kitchens, and other housing equipment. It also operates environmental businesses, financial businesses, and businesses related to building materials.
Yamada Denki Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Year-End Dividend Outlook for Fiscal Year Ending March 31, 2019; Provides Earnings Outlook for First Half Ending September 30, 2018 and Full Year Ending March 31, 2019