Furukawa Co. Ltd. Reports Consolidated and Non Consolidated Earnings Results for the Year Ended March 2016; Provides Consolidated and Non Consolidated Earnings Guidance for the First Half and Full Year of Fiscal 2017
May 10, 2016 at 10:00 am
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Furukawa Co. Ltd. reported consolidated and non-consolidated earnings results for the year ended March 2016. For the period, on consolidated the company reported net sales of ¥161,799 million compared with ¥172,544 million for the same period last year. Operating income was ¥7,988 million compared with ¥8,925 million for the same period last year. Ordinary income was ¥6,227 million compared with ¥6,603 million for the same period last year. Net income was ¥5,056 million or ¥12.51 basic per share compared with ¥9,793 million or ¥24.23 diluted per share for the same period last year. Cash flows from operating activities were ¥7,652 million compared with ¥10,241 million for the same period last year.
For the period, on non-consolidated basis the company reported net sales of ¥9,713 million compared with ¥8,570 million for the same period last year. Operating income was ¥4,556 million compared with ¥3,706 million for the same period last year. Ordinary income was ¥4,268 million compared with ¥3,325 million for the same period last year. Net income was ¥3,831 million or ¥9.48 basic per share compared with ¥1,948 million or ¥4.82 basic per share for the same period last year.
The company provided consolidated and non-consolidated earnings guidance for the six months and full year of fiscal 2017. For the six months ended September 2016, on consolidated basis the company reported expected net sales of ¥76,500 million, operating income of ¥3,000 million, ordinary income of ¥2,400 million, Profit attributable to owners of parent of ¥1,600 million and ¥3.96 per share.
For the full year, on consolidated basis the company expected net sales of ¥161,500 million, operating income of ¥8,000 million, ordinary income of ¥6,500 million, Profit attributable to owners of parent of ¥4,500 million and ¥11.14 per share.
The company provided earnings guidance for the six months and full year of fiscal 2017. For the six months ended September 2016, on non-consolidated basis the company reported expected net sales of ¥6,000 million, operating income of ¥3,500 million, ordinary income of ¥3,300 million, net profit of ¥3,200 million and ¥7.92 per share.
For the full year, on non-consolidated basis the company expected net sales of ¥9,000 million, operating income of ¥4,000 million, ordinary income of ¥3,800 million, net profit of ¥3,600 million and ¥8.91 per share.
FURUKAWA CO., LTD. mainly engages in industrial machinery business, rock drill business and other businesses. The Company operates in seven segments. The Industrial Machinery segment offers pumps, crushers and steel structures, among others. The Rock Drill segment provides rock drills, including hydraulic breakers, crushers and others. The Unic segment provides unic cranes, mini crawler cranes and others. The Metal segment provides copper, gold, silver, sulfuric acid and others. The Electronic segment provides high-purity metallic arsenic, crystal products and others. The Chemical segment offers crystal products, ferric polysulfate solution and others. The Real Estate segment involves in the trading and leasing of real estate.
Furukawa Co. Ltd. Reports Consolidated and Non Consolidated Earnings Results for the Year Ended March 2016; Provides Consolidated and Non Consolidated Earnings Guidance for the First Half and Full Year of Fiscal 2017