I - K Co., Ltd. Announces Consolidated Earnings Results for the First Six Months Ended November 30, 2015; Provides Dividend Guidance for the Year Ending May 31, 2016; Provides Consolidated Earnings Guidance for the Full Year Ending May 31, 2016
January 13, 2016 at 11:00 am EST
Share
I - K Co., Ltd. announced consolidated earnings results for the first six months ended November 30, 2015. For the six months, the company announced net sales of JPY 6,733 million against JPY 5,590 million a year ago. Operating income was JPY 49 million against operating loss of JPY 77 million a year ago. Loss attributable to owners of parent company was JPY 3 million or JPY 1.69 per share against JPY 97 million or JPY 53.64 per share a year ago.
The company provided dividend guidance for the year ending May 31, 2016. For the year, the company expects year-end dividend of JPY 18 per share.
For the full year ending March 31, 2016, on consolidated basis, the company expects to report net sales of JPY 14,300 million, operating income of JPY 210 million, ordinary income of JPY 230 million and profit attributable to owners of parent company of JPY 120 million or JPY 64.41 per share.
IK Holdings Co Ltd is a Japan-based company mainly engaged in the direct marketing business, which sells miscellaneous goods, food, and cosmetics directly to end consumers, the sales marketing business, which wholesales the same products, and the information technology (IT) solutions business, which provides construction and support for chat systems and contact centers. The Company operates through three segments. The Direct Marketing segment is engaged in the retail business of selling SKINFOOD cosmetics through television (TV) shopping, internet shopping, and brick-and-mortar stores. The Sales Marketing segment is engaged in the wholesale business to consumer cooperatives, mail-order companies, retail stores, and overseas partner companies. The IT Solutions segment is engaged in the sale of chat systems and voice call recording systems.
I - K Co., Ltd. Announces Consolidated Earnings Results for the First Six Months Ended November 30, 2015; Provides Dividend Guidance for the Year Ending May 31, 2016; Provides Consolidated Earnings Guidance for the Full Year Ending May 31, 2016