Nippon Express Co. Ltd. Reports Consolidated and Non Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2017; Provides Dividend Guidance for the Full Year Ending March 31, 2017
January 30, 2017
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Nippon Express Co. Ltd. reported consolidated and non consolidated earnings results for the nine months ended December 31, 2016. For the quarter, on consolidated basis, the company reported revenues of JPY 1,380,451 million against JPY 1,434,873 million a year ago. Operating income was JPY 39,849 million against JPY 38,507 million a year ago. Ordinary income was JPY 45,068 million against JPY 45,034 million a year ago. Net income attributable to shareholders of the company was JPY 28,758 million or JPY 29.10 per share against JPY 27,391 million or JPY 27.35 per share a year ago. Income before income taxes and non-controlling interests was JPY 47,327 million against JPY 42,934 million a year ago.
For the quarter, on non-consolidated basis, the company reported operating income of JPY 21,359 million against JPY 21,513 million a year ago. Ordinary income was JPY 25,461 million against JPY 25,546 million a year ago. Income before income taxes was JPY 29,763 million against JPY 22,096 million a year ago. Net income was JPY 19,286 million against JPY 14,743 million a year ago.
The company expects to pay year end dividend of JPY 6.00 per share for the fiscal year ending March 31, 2017 compared to JPY 6.00 a year ago.
For the full year ending March 31, 2017, the company expects to report revenues of JPY 1,844,000 million, operating income of JPY 57,000 million, ordinary income of JPY 63,000 million, and net income attributable to shareholders of the company of JPY 36,000 million, or JPY 37.18 per share.
Nippon Express Holdings Inc. specializes in freight transportation and logistics services. The group provides transport by land, air, rail and sea of products, materials, components, equipment, etc. on behalf of companies and organizations. At the same time, Nippon Express Holdings Inc. offers warehousing and supply chain management solutions. The group's activities are essentially organized around 3 areas:
- logistics services;
- cash and precious goods transportation services; and
- heavy equipment transportation services.
Net sales are distributed geographically as follows: Japan (59.2%), Asia and Oceania (18.3%), America (14.6%) and Europe (7.9%).
Nippon Express Co. Ltd. Reports Consolidated and Non Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2017; Provides Dividend Guidance for the Full Year Ending March 31, 2017