Geo Holdings Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2020; Provides Dividend Guidance for the End of Second Quarter of 2020 and Fiscal Year Ending March 31, 2020; Reports Impairment Loss for the First Quarter Ended June 30, 2019
August 21, 2019 at 02:00 am EDT
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Geo Holdings Corporation announced consolidated earnings results for the first quarter ended June 30, 2019. For the first quarter, the company's Net Sales were JPY 63,918 million against JPY 64,425 million a year ago. Operating profit was JPY 2,602 million against JPY 3,724 million a year ago. Profit was JPY 1,505 million against JPY 2,781 million a year ago. Earnings per share was JPY 34.29 against JPY 58.15 a year ago. Fully diluted earnings per share was JPY 34.23 against JPY 57.92 a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2020. For the fiscal year, the company's net sales expected to be of JPY 310,000 million, operating profit of JPY 10,000 million, profit attributable to owners of parent of JPY 5,250 million, and earnings per share of JPY 119.62.
The company provided dividend guidance for the end of second quarter of 2020 and fiscal year ending March 31, 2020. The company expects to pay a dividend of JPY 17.00 per share for the end of second quarter of 2020.
The company expects to pay a year-end dividend of JPY 17.00 per share for the fiscal year ending March 31, 2020.
The company reported impairment loss for the first quarter ended June 30, 2019. For the company reported impairment loss of JPY 39 million against JPY 40 million a year ago.
GEO HOLDINGS CORPORATION is engaged in the rental and recycling of used products, as well as the sale of new products. The Company is involved in the operation of MEDIA SHOP and REUSE SHOP, the operation of large-scale amusement facilities, as well as online sale business. The MEDIA SHOP involves in the sale of packaged software. The REUSE SHOP involves in the sale of used apparel products. As of March 31, 2014, the Company had 16 subsidiaries and one associated company.
Geo Holdings Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2020; Provides Dividend Guidance for the End of Second Quarter of 2020 and Fiscal Year Ending March 31, 2020; Reports Impairment Loss for the First Quarter Ended June 30, 2019
GEO HOLDINGS CORPORATION 
