Yuasa Funashoku Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Fourth Quarter Ending March 31, 2018
February 05, 2018 at 12:00 am EST
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Yuasa Funashoku Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported net sales of ¥82,998 million compared to ¥80,068 million a year ago. Operating income was ¥1,456 million compared to ¥1,285 million a year ago. Ordinary income was ¥1,615 million compared to ¥1,496 million a year ago. Profit attributable to owners of parent was ¥908 million or ¥202.10 per basic share compared to ¥981 million or ¥218.21 per basic share, a year ago. Net assets per share were ¥6,645.78 compared to ¥6,419.56 a year ago.
For the fourth quarter ending March 31, 2018, the company expects consolidated net sales to be ¥110,000 million, operating income of ¥2,100 million, ordinary income of ¥2,300 million and profit attributable to owners of parent to be ¥1,500 million, or ¥333.72 per basic share.
YUASA FUNASHOKU CO., LTD. is a Japan-based company mainly engaged in the commercial business, hotel business, and real estate business. The Company operates through three business segments. The Commercial segment is mainly engaged in the wholesale of rice, flour, starch, sugar, fats and oils, feed, processed food and liquors. The Hotel segment is mainly engaged in the operation of hotels and restaurants. The Real Estate segment is mainly engaged in the real estate leasing business. The Company is also engaged in the logistics business and insurance agency business.
Yuasa Funashoku Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Fourth Quarter Ending March 31, 2018