Aoyama Zaisan Networks Company Limited Reports Consolidated Earnings Results for the Six Months Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2017; Declares Dividend for the Second Quarter Ended June 30, 2017 and Provides Dividend Guidance for Fiscal Year End and Full year 2017
August 07, 2017
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Aoyama Zaisan Networks Company Limited reported consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported net sales of JPY 7,000 million, operating income of JPY 701 million, ordinary income of JPY 645 million, profit attributable to owners of the parent of JPY 538 million or JPY 46.34 per diluted share, compared to net sales of JPY 6,912 million, operating income of JPY 424 million, ordinary income of JPY 307 million, profit attributable to owners of the parent of JPY 310 million or JPY 26.38 per basic share a year ago. Income before income taxes and minority interests was JPY 643,608,000 compared to JPY 305,635,000 a year ago. Net cash provided by operating activities was at JPY 121,546,000 against cash used of JPY 3,000,727,000 in 2016.
The company provided consolidated earnings guidance for the year ending December 31, 2017. For the full year, the company is expects net sales of JPY 14,800 million, operating income of JPY 820 million, ordinary income of JPY 730 million, profit attributable to owners of the parent of JPY 680 million or JPY 57.32 per share.
The company declared a dividend of JPY 11.00 per share for the second quarter of 2017, up from JPY 8 per share declared in 2016.
The company provided expects to pay a dividend of JPY 17.00 per share for the fiscal year end 2017.
For the full year 2017, the company expects to pay a total dividend of JPY 28.00 per share.
Aoyama Zaisan Networks Company, Limited is a Japan-based company mainly engaged in property consulting services for asset owners and corporations. The Company earns remuneration through providing consulting services for assets succession, operation, and management. There are four types of revenue. Property consulting revenues are from property and financial consulting services that provide support from consultation to execution of property succession, operation and management. Real estate transaction revenues are from sales of individual real estate properties and sales of the Real Estate Co-ownership System which meet customer asset management needs. Sublease income is earned by renting and operating rental properties owned by asset owners. Other revenues are from network dues, seminars, and property consulting related books publication.
Aoyama Zaisan Networks Company Limited Reports Consolidated Earnings Results for the Six Months Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2017; Declares Dividend for the Second Quarter Ended June 30, 2017 and Provides Dividend Guidance for Fiscal Year End and Full year 2017
AOYAMA ZAISAN NETWORKS COMPANY,LIMITED 
