Keeper Technical Laboratory Co., Ltd. Announces Earnings Results for the First Quarter Ended September 30, 2017; Provides Earnings Guidance for the Six Months Ending December 31, 2017 and Year Ending June 30, 2018
November 15, 2017
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KeePer Technical Laboratory Co., Ltd. announced earnings results for the first quarter ended September 30, 2017. For the period, the company's Net Sales were JPY 1,750,314,000 as compared to JPY 1,735,655,000 a year ago. Operating income was JPY 209,514,000 as compared to JPY 245,845,000 a year ago. Ordinary income was JPY 209,748,000 as compared to JPY 247,775,000 a year ago. Income before income taxes was JPY 209,804,000 as compared to JPY 235,061,000 a year ago. Net income was JPY 133,376,000 as compared to JPY 155,990,000 a year ago. Diluted net income per share was JPY 9.43 as compared to JPY 10.62 a year ago.
The company provided earnings guidance for the six months ending December 31, 2017 and year ending June 30, 2018. For the six months, the company's net sales is expected to be JPY 4,149 million. Operating income is expected to be JPY 772 million. Ordinary income is expected to be JPY 772 million. Net income is expected to be JPY 486 million. Net income per share is expected to be 34.56.
For the year, the company's net sales is expected to be JPY 7,784 million. Operating income is expected to be JPY 1,110 million. Ordinary income is expected to be JPY 1,102 million. Net income is expected to be JPY 486 million. Net income per share is expected to be 49.97.
KeePer Technical Laboratory Co., Ltd is a Japan-based company primarily engaged in the car washing business. The Company operates its business in two segments. Its KeePer Products-related segment manufactures chemical products for car coating uses and tools for professional use, sells its products to car washing stores. Its KeePer Operation segment involves in the operation of KeePer LABO stores, providing car coating services.
Keeper Technical Laboratory Co., Ltd. Announces Earnings Results for the First Quarter Ended September 30, 2017; Provides Earnings Guidance for the Six Months Ending December 31, 2017 and Year Ending June 30, 2018