Marusho Hotta Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Consolidated Earnings Guidance for the First Half Ending September 2016 and Year Ending March 2017
August 10, 2016 at 11:00 am EDT
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Marusho Hotta Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 1,733 million compared to JPY 1,600 million a year ago. Operating income was JPY 29 million compared to operating loss of JPY 58 million a year ago. Ordinary income was JPY 25 million compared to ordinary loss of JPY 60 million a year ago. Profit attributable to owners of parent was JPY 11 million or JPY 0.24 per basic share compared to loss attributable to owners of parent was JPY 64 million or JPY 1.40 per basic share a year ago.
For the first half ending September 2016, on consolidated basis, the company expects net sales of JPY 3,568 million, operating loss of JPY 19 million, ordinary loss of JPY 19 million, loss attributable to owners of parent of JPY 30 million or JPY 0.65 per share.
For the year ending March 2017, on consolidated basis the company expects net sales of JPY 7,792 million, operating income of JPY 82 million, ordinary income of JPY 78 million, Profit attributable to owners of parent of JPY 50 million or JPY 1.09 per share.
MARUSHOHOTTA CO.,LTD. is a Japan-based company principally engaged in the wholesale and sale of Japanese traditional clothing, jewelry and Kimono accessories, women's clothing, bedding items, as well as the manufacture and wholesale of designed twisted yarn. The Company operates in four business segments. Japanese Clothing segment is involved in the wholesale of Japanese traditional clothing, gemstone & precious metal rings, jewelry such as necklaces, as well as kimono accessories. Bedding segment is involved in the wholesale and sale of bedding items such as feathers, woolen futons, blankets and towels, as well as gift items for funerals. Western Clothing segment is involved in the wholesale and sale of women's clothing such as blouses, knitwear, skirts, pants, dresses, suits and children clothes. Designed Twisted Yarn segment manufactures, wholesales and sells ring yarns, shaggy yarns, polar yarns, special spun yarns and cross knits.
Marusho Hotta Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Consolidated Earnings Guidance for the First Half Ending September 2016 and Year Ending March 2017
MARUSHOHOTTA CO.,LTD. 
