IDOM Inc. Announces Consolidated Earnings Results for the Three Months Ended May 31, 2019; Provides Consolidated Financial Guidance for the Six Months Ending August, 31, 2019 and Full Year Ending February 28, 2020
July 11, 2019
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IDOM Inc. announced consolidated earnings results for the three months ended May 31, 2019. For the three months period, the company's net sales were JPY 90,206 million against JPY 71,411 million a year ago. Operating profit was JPY 1,510 million against JPY 378 million a year ago. Profit was JPY 959 million against JPY 103 million a year ago. Earnings per share was JPY 4.41 against loss per share of JPY 1.45 a year ago.
The company provided consolidated financial guidance for the six months ending August, 31, 2019 and full year ending February 28, 2020. For the six months, the company expects to report net sales of JPY 162,000 million, operating profit of JPY 1,850 million, ordinary profit of JPY 1,100 million, profit attributable to owners of parent of JPY 210 million, and earnings per share of JPY 2.07. For the year, the company expects to report net sales of JPY 324,000 million, operating profit of JPY 3,700 million, ordinary profit of JPY 2,200 million, profit attributable to owners of parent of JPY 420 million, and earnings per share of JPY 4.14.
IDOM Inc is a Japan-base company principally engaged in the used car sales business, new car sales business and related businesses. The Company operates its business through three geographical segments: Japan, Australia and Others. The Company sells vehicles purchased at Gulliver stores through used car auctions and the dolphinet system. Gulliver stores operate through directly managed stores and member stores. Through its subsidiaries, the Company is also involved in the sale of new and used cars, the insurance agency business, the sale and maintenance of BMW passenger cars, as well as the sale of repair parts and accessories.
IDOM Inc. Announces Consolidated Earnings Results for the Three Months Ended May 31, 2019; Provides Consolidated Financial Guidance for the Six Months Ending August, 31, 2019 and Full Year Ending February 28, 2020