Okinawa Cellular Telephone Company Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
January 26, 2017
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Okinawa Cellular Telephone Company announced consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported operating revenue of JPY 46,674 million compared to JPY 46,445 million a year ago. Operating income was JPY 9,805 million compared to JPY 9,318 million a year ago. Recurring profits were JPY 9,844 million compared to JPY 9,360 million a year ago. Profit before income taxes was JPY 9,844 million compared to JPY 9,360 million a year ago. Profit attributable to owners of parent was JPY 6,941 million or JPY 253.87 per share compared to JPY 6,322 million or JPY 231.24 per share a year ago. Net cash provided by operating activities were JPY 10,289 million compared to JPY 10,119 million a year ago. Purchase of property, plant and equipment was JPY 5,228 million compared to JPY 4,667 million a year ago. Purchase of intangible assets was JPY 218 million compared to JPY 242 million a year ago.
For the year ending March 31, 2017, the company expects operating revenues of JPY 62,900 million, operating income of JPY 11,500 million, recurring profits of JPY 11,600 million and net income of JPY 7,800 million or JPY 285.28 per share.
OKINAWA CELLULAR TELEPHONE COMPANY is a Japan-based company mainly engaged in the telecommunications business. The Company is engaged in the provision of mobile services, domestic and international communication services, and Internet services. The Company also provides dedicated services, au mobile phone services, au mobile phone terminal sales, renting and maintenance of communication equipment, and outsourcing lines. The Company is also engaged in the production and sales of agricultural business, and tourism business.
Okinawa Cellular Telephone Company Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017