Aoyama Zaisan Networks Company Limited Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2016; Provides Earnings and Dividend Guidance for the Year Ending December 31, 2016
November 07, 2016
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Aoyama Zaisan Networks Company Limited reported consolidated earnings results for the nine months ended September 30, 2016. For the period, the company reported net sales of JPY 8,535 million, operating income of JPY 608 million, ordinary income of JPY 452 million, profit attributable to owners of the parent of JPY 437 million or JPY 37.11 per diluted share, compared to net sales of JPY 7,769 million, operating income of JPY 247 million, ordinary income of JPY 244 million, profit attributable to owners of the parent of JPY 207 million or JPY 17.71 per basic share a year ago. Income before income taxes and minority interests was JPY 451,309,000 compared to JPY 247,326,000 a year ago.
The company provided consolidated earnings guidance for the year ending December 31, 2016. For the full year, the company is expects net sales of JPY 14,800 million, operating income of JPY 700 million, ordinary income of JPY 570 million, profit attributable to owners of the parent of JPY 550 million or JPY 46.70 per share.
For the year ending December 31, 2016, the company expects to pay dividend of JPY 14.00 per share compared to 13.00 per share paid last year.
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 Nine Months Ended September 30, 2016; Provides Earnings and Dividend Guidance for the Year Ending December 31, 2016