Seria Co. Ltd. Revises Its Financial Result Forecast According to BAC Company Report18 Jan 2012 • by Natalie Aster
LONDON – Seria’s Sales in Q2 2011 were 6.6% higher than those in the corresponding period of last year due to higher than expected number of customers visiting. Additionally, cost of sales ratio appeared to be slightly below expectations due to steadily improving trend in sales of goods and less upward trend in international commodity prices. So during the revision of Q3 results company’s top management restated company’s financial result forecast for FY ending March 2012.
Revenue was raised from JPY 92 B to JPY 93 B, which is 1.1% higher. Operating income gained 16.7%, rising from JPY 6 B to JPY 7 B. Net income has the strongest improvement of 27.6%, as previous JPY 2.9 B were refreshed by additional JPY 0.8 B.
Seria’s financial performance is solid, with constantly improving main indices. Q1 2011 was marked by falling incomes, but the company recovered shortly, returning to an upward trend of 2010 in Q2 and Q3 2011. In latest quarter revenue and net income equaled JPY 22.4 B and JPY 0.9 B respectively. In a financial year ended March 2011 these indices gained 9.4% and 54.6% respectively, and reached JPY 83.4 B and JPY 2.3 B.
Founded in 1985 and headquartered in Ogaki-city (Japan), Seria Co. Ltd. is a merchandise retailer that puts single price on all its products – 100 yen. The company runs its own stores, and also uses franchise shops and foreign agents as distribution channels. Seria sells various everyday life goods: food, beverages, sanitary products, health products, kitchenware, electrical appliances, seasonings, cosmetics, and so on. In 2044 the enterprise registered at JASDAQ under the ticker 2782.
More information on the company’s history, current activities, future prospects, financials, news, and peers can be found in the report "Seria Co. Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis" recently published by Market Publishers Ltd.
Title: Seria Co. Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Jan, 2012
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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