Arisawa Mfg. Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018
November 08, 2017
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Arisawa Mfg. Co., Ltd. reported consolidated earnings results for the six months ended September 30, 2017. For the period, net sales were JPY 19,307 million against JPY 16,984 million a year ago. Operating income was JPY 1,586 million against JPY 539 million a year ago. Ordinary income was JPY 2,179 million against JPY 689 million a year ago. Profit attributable to owners of the parent was JPY 1,557 million against JPY 527 million a year ago. Fully diluted net income per share was JPY 43.24 against JPY 14.79 a year ago. Net cash provided by operating activities was JPY 102.420 million against JPY 1,864.538 million a year ago. Purchase of property, plant and equipment was JPY 949.181 million against JPY 693.448 million a year ago. Purchase of intangible assets was JPY 7.396 million against JPY 10.327 million a year ago.
For the year ending March 31, 2018, on consolidated basis, the company now expects net sales of JPY 39,300 million compared to previous guidance of JPY 37,900 million; operating income of JPY 3,400 million compared to previous guidance of JPY 2,650 million; ordinary income of JPY 4,100 million compared to previous guidance of JPY 3,550 million; profit attributable to owners of the parent of JPY 2,900 million compared to previous guidance of JPY 2,650 million; and net income per share of JPY 80.90 compared to previous guidance of JPY 74.09.
Arisawa Mfg Co Ltd is a Japan-based mainly engaged in the manufacturing and sales of electronic materials, display materials, electric insulation materials, and industrial structural materials. The Company operates through four segments. Electronic Materials segment produces materials for flexible and rigid printed wiring boards. Industrial Structural Materials segment produces filament winding (FW) moldings, aircraft honeycomb panels and prepregs, pultrusion moldings, fiber reinforced plastic (FRP) ski seats, and others. Electrical Insulation Materials segment produces glass cloth, glass tapes, and prepregs for electric insulation. Display Materials segment produces three-dimensional (3D) display filters, special optical components and others.
Arisawa Mfg. Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018