Marusho Hotta Co., Ltd. Announces Dividend for the Fiscal Year Ended March 31, 2017, Payable on June 28, 2017; Provides Dividend Guidance for the Fiscal Year Ending March 2018; Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated and Earnings Guidance for the First Half Ending September 2017 and Full Year Ending March 2018
May 15, 2017 at 02:00 am EDT
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Marusho Hotta Co. Ltd. announced dividend for the fiscal year ended March 31, 2017. For the year, the company announced dividend of JPY 5.00 per share against JPY 2.00 per share announced a year ago. The dividend is payable on June 28, 2017.
For the fiscal year ending March 2018, the company expects year-end dividend of JPY 4.00 per share against JPY 5.00 per share announced a year ago.
The company reported consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of JPY 7,488 million compared to JPY 7,451 million a year ago. Operating income was JPY 86 million compared to JPY 81 million a year ago. Ordinary income was JPY 108 million compared to JPY 77 million a year ago. Profit attributable to owners of parent was JPY 86 million compared to JPY 40 million a year ago. Basic earnings per share were JPY 3.87 compared to JPY 1.76 a year ago. Rate of return on equity was 3.0% compared to 1.3% a year ago. Cash flows from operating activities were JPY 120 million against JPY 89 million a year ago.
The company provided consolidated earnings guidance for the first half ending September 2017 and full year ending March 2018. For the first half ending September 2017, the company expects net sales of JPY 3,500 million and loss attributable to owners of parent of JPY 16 million or JPY 0.75 per basic share.
For the year, the company expects net sales of JPY 7,500 million, operating income of JPY 111 million, ordinary income of JPY 110 million and profit attributable to owners of parent of JPY 75 million or JPY 3.53 per basic share.
MARUSHOHOTTA CO.,LTD. is a Japan-based company principally engaged in the wholesale and sale of Japanese traditional clothing, jewelry and Kimono accessories, women's clothing, bedding items, as well as the manufacture and wholesale of designed twisted yarn. The Company operates in four business segments. Japanese Clothing segment is involved in the wholesale of Japanese traditional clothing, gemstone & precious metal rings, jewelry such as necklaces, as well as kimono accessories. Bedding segment is involved in the wholesale and sale of bedding items such as feathers, woolen futons, blankets and towels, as well as gift items for funerals. Western Clothing segment is involved in the wholesale and sale of women's clothing such as blouses, knitwear, skirts, pants, dresses, suits and children clothes. Designed Twisted Yarn segment manufactures, wholesales and sells ring yarns, shaggy yarns, polar yarns, special spun yarns and cross knits.
Marusho Hotta Co., Ltd. Announces Dividend for the Fiscal Year Ended March 31, 2017, Payable on June 28, 2017; Provides Dividend Guidance for the Fiscal Year Ending March 2018; Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated and Earnings Guidance for the First Half Ending September 2017 and Full Year Ending March 2018