IDOM Inc. Reports Consolidated Earnings Results for the First Quarter Ended May 31, 2017; Provides Consolidated Earnings and Dividend Guidance for the Second Quarter Ending August 31, 2017 and for the Year Ending February 28, 2018
July 11, 2017
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IDOM Inc. reported consolidated earnings results for the first quarter ended May 31, 2017. For the quarter, the company's sales were JPY 71,130 million against JPY 66,192 million a year ago. Operating income was JPY 1,243 million against JPY 1,245 million a year ago. Ordinary income was JPY 903 million against JPY 1,173 million a year ago. Profit before income taxes was JPY 802 million against JPY 1,050 million a year ago. Profit attributable to owners of parent was JPY 457 million or JPY 4.51 per share against JPY 732 million or JPY 7.22 per share a year ago.
For the six months ending August 31, 2017, the company expects consolidated net sales of JPY 127,200 million, operating income of JPY 2,100 million, ordinary income of JPY 1,750 million and profit attributable to owners of parent of JPY 1,000 million or JPY 9.86 per share.
For the year ending February 28, 2018, the company expects consolidated net sales of JPY 259,500 million, operating income of JPY 5,500 million, ordinary income of JPY 4,900 million and profit attributable to owners of parent of JPY 2,800 million or JPY 27.61 per share.
For the year ended February 28, 2017, the company announced year-end dividend of JPY 6.00 per share.
For the second quarter of fiscal year ending February 28, 2018, the company expects to pay dividend of JPY 3.50 per share compared to 6.00 per share for the same period last year.
For the year ending February 28, 2018, the company expects to pay year-end dividend of JPY 3.50 per share compared to 6.00 per share for the same period last year.
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. Reports Consolidated Earnings Results for the First Quarter Ended May 31, 2017; Provides Consolidated Earnings and Dividend Guidance for the Second Quarter Ending August 31, 2017 and for the Year Ending February 28, 2018