Iino Kaiun Kaisha Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the First Half Year Ending September 2017 and Fiscal Year Ending March 31, 2018
April 27, 2017
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Iino Kaiun Kaisha Ltd. reported consolidated earnings results for the year ended March 31, 2017. For the period, net sales were JPY 83,320 million against JPY 94,843 million a year ago. Operating income was JPY 6,591 million against JPY 8,115 million a year ago. Ordinary income was JPY 5,105 million against JPY 7,655 million a year ago. Profit before income taxes was JPY 3,854 million against JPY 4,267 million a year ago. Profit attributable to owners of parent was JPY 3,885 million or JPY 35.01 per share against JPY 3,659 million or JPY 32.97 per share a year ago. Return on equity was 5.8% against 5.6% a year ago. Net cash provided by operating activities was JPY 11,075 million against JPY 18,804 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 18,767 million against JPY 23,938 million a year ago. Net assets per share was JPY 619.18 against JPY 587.51 a year ago.
For the first half year ending September 2017, the company expects consolidated net sales of JPY 40,000 million, operating income of JPY 2,400 million, ordinary income of JPY 1,800 million, profit attributable to owners of parent of JPY 1,700 million or JPY 15.32 per share.
For the fiscal year ending March 31, 2018, the company expects consolidated net sales of JPY 80,000 million, operating income of JPY 5,000 million, ordinary income of JPY 4,000 million, profit attributable to owners of parent of JPY 3,700 million or JPY 33.34 per share.
IINO KAIUN KAISHA, LTD. is a company primarily engaged in the shipping business. The Company operates through three business segments. The Overseas Shipping segment is engaged in the shipping, ship leasing, ship chartering and management, as well as ship brokerage business, the sale of ship equipment and the operation of ship agencies. The Coastal Shipping segment is engaged in the shipping, ship leasing, ship chartering and management. The Real Estate segment is engaged in the leasing and management of buildings, warehousing business and real estate related business.
Iino Kaiun Kaisha Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the First Half Year Ending September 2017 and Fiscal Year Ending March 31, 2018