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Premier Investment forecasts figures for 2 fiscal periods

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Premier Investment forecasts figures for 2 fiscal periods

Premier Investment Corp. issued estimates for the two six-month fiscal periods ending April 30, 2018, and Oct. 31, 2018, respectively.

For the first period, the company expects operating revenue to rise 2.8% from the previous fiscal period to approximately ¥8.88 billion. Operating income and ordinary income are projected to rise 2.1% and 3.3% from the prior six-month period to ¥3.91 billion and roughly ¥3.45 billion, respectively. Net income is anticipated to also rise 3.3% to approximately ¥3.45 billion.

Meanwhile, for the period ending Oct. 31, 2018, the company estimates operating revenue to rise 0.5% from the previous period to ¥8.93 billion. Operating income is expected to fall by 2.4% to ¥3.82 billion, while ordinary income and net income are both projected to decline by 2.7% to approximately ¥3.36 billion.

The company forecasts its distribution per unit for the two periods to amount to ¥2,620 and ¥2,550, respectively.

As of Dec. 18, US$1 was equivalent to ¥112.36.