Citizen Holdings Co., Ltd. announced consolidated and non-consolidated earnings results for the year ended March 31, 2013. For the period, on consolidated basis, net sales were JPY 272,050 million against JPY 279,786 million a year ago. Operating income was JPY 11,549 million against JPY 16,528 million a year ago. Ordinary income was JPY 13,805 million against JPY 16,727 million a year ago. Net income was JPY 8,855 million or JPY 27.33 per share against JPY 7,698 million or JPY 23.76 per share a year ago. Return on equity was 4.7% against 4.2% a year ago. Net assets per share as on March 31, 2013 was JPY 583.03 compared to JPY 578.69 as at March 31, 2012. Cash flows from operating activities were JPY 18,789 million against JPY 19,545 million a year ago. For the period, on non-consolidated basis, net sales were JPY 9,703 million against JPY 9,228 million a year ago. Operating income was JPY 4,016 million against JPY 3,705 million a year ago. Ordinary income was JPY 3,629 million against JPY 3,240 million a year ago. Net income was JPY 1,727 million or JPY 5.33 per share against JPY 1,808 million or JPY 5.58 per share a year ago. Net assets per share as on March 31, 2013 was JPY 314.02 compared to JPY 310.21 as at March 31, 2012. The company announced year-end dividend of JPY 3.00 per share payable on June 28, 2013. The company paid JPY 4.00 per share for the same period a year ago. The company provided dividend guidance for the second quarter and year-end of fiscal year ending March 31, 2014. For the second quarter, the company expects to pay dividend of JPY 5.00 per share compared to the dividend of JPY 5.00 per share paid for the same period a year ago. For the year-end, the company expects to pay dividend of JPY 5.00 per share compared to the dividend of JPY 3.00 per share paid for the same period a year ago. The company provided consolidated earnings guidance for the first half and full year of fiscal year ending March 31, 2014. For the first half, on consolidated basis, the company expects net sales of JPY 141,500 million, operating income of JPY 7,500 million, ordinary income of JPY 6,500 million and net income of JPY 3,500 million or JPY 10.80 per share. For the full year, the company expects net sales of JPY 292,500 million, operating income of JPY 19,000 million, ordinary income of JPY 17,500 million and net income of JPY 10,000 million or JPY 30.86 per share. The company provided non-consolidated earnings guidance for the full year ending March 31, 2014. For the full year, on non-consolidated basis, the company expects operating revenues of JPY 17,500 million, ordinary income of JPY 11,500 million and net income of JPY 11,000 million or JPY 33.95 per share.

Citizen Holdings Co., Ltd., 2013 Earnings Call, May 14, 2013

Citizen Holdings Co., Ltd. announced that they will report fiscal year 2012 results on May 13, 2013