Kumagai Gumi Co.,Ltd. Reports Consolidated Earnings Results for First Quarter Ended June 2016; Provides Earnings Outlook for the Year Ending March 2016; Provides Year End Dividend Outlook for Fiscal Year 2016
August 08, 2016 at 11:00 am EDT
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Kumagai Gumi Co.,Ltd. reported consolidated earnings results for first quarter ended June 2016. For the period, the company's net sales of completed construction contracts were ¥73,707 million against ¥77,961 million a year ago. Operating income was ¥3,961 million against ¥2,601 million a year ago. Ordinary income was ¥3,961 million against ¥4,034 million a year ago. Profit attributable to owners of parent was ¥2,557 million against ¥3,365 million a year ago. Basic earnings per share were ¥6.84 against ¥9.00 a year ago.
For the year ending March 2016, the company expects year end dividend of ¥4.00 per share against ¥4.00 per share paid for the same period a year ago.
For the year ending March 2016, the company expects net sales of completed construction contracts to be ¥352,100 million, operating income of ¥16,900 million, ordinary income of ¥16,600 million and net income of ¥12,400 million or ¥33.18 per basic share.
Kumagai Gumi Co Ltd is mainly engaged in the construction business and related business. The Company operates in three business segments. The Civil Works segment is engaged in the investigation, survey, planning, design, supervisor of construction works, and the provision of general engineering. The Construction segment is engaged in the investigation, survey, planning, design, supervisor of construction of apartment houses, offices and government buildings, factories, power stations. The Subsidiaries segment conducts construction business, the manufacture and sale of equipment for construction, and provision of construction technology products.
Kumagai Gumi Co.,Ltd. Reports Consolidated Earnings Results for First Quarter Ended June 2016; Provides Earnings Outlook for the Year Ending March 2016; Provides Year End Dividend Outlook for Fiscal Year 2016