Designone Japan, Inc. Announces Consolidated Earnings Results for the Full Year Ended August 31, 2017; Declares Dividend for the Year Ended August 31, 2017, Payable on November 30, 2017; Provides Earnings Guidance for the Full Year of 2018
October 13, 2017 at 02:00 am EDT
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Designone Japan, Inc. announced consolidated earnings results for the full year ended August 31, 2017. For the period, the company reported net sales of JPY 2,111 million compared with JPY 1,491 million for the same period a year ago. Operating income was JPY 631 million compared with JPY 493 million for the same period a year ago. Ordinary income was JPY 644 million compared with JPY 501 million for the same period a year ago. Net income was JPY 396 million or JPY 26.15 per diluted share compared with JPY 313 million or JPY 20.65 per diluted share for the same period a year ago. Return on equity was 18.0% against 16.9% a year ago. Cash flow from operating activities was JPY 432 million compared with JPY 398 million for the same period a year ago.
The company declares a final dividend of JPY 1.00 per share for the full year of fiscal 2017. The dividend is expected to payable on November 30, 2017.
The company provided earnings guidance for the full year of 2018. For the full year, the company expects to report net sales of JPY 2,646 million, operating income of JPY 640 million, ordinary income of JPY 651 million and net income of JPY 400 million or JPY 26.57 per share.
DesignOne Japan, Inc. is a Japan-based Internet media company mainly engaged in the operation of Local information word-of-mouth site named Ekiten. The Ekiten site is a store reviews ranking site, on which users can know well-established and popular stores in every region of Japan. On Ekiten site, store owners can collect the feedbacks for its own store and utilize it for operation management uses, while users can do store searching and read store information in various industries.
Designone Japan, Inc. Announces Consolidated Earnings Results for the Full Year Ended August 31, 2017; Declares Dividend for the Year Ended August 31, 2017, Payable on November 30, 2017; Provides Earnings Guidance for the Full Year of 2018