Kitagawa Seiki Co. Ltd. Announces Consolidated Earnings Results for the Year Ended June 30, 2016; Provides Consolidated Earnings Guidance for the Six Months and Year Ending June 30, 2017
August 19, 2016 at 11:15 am
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Kitagawa Seiki Co. Ltd. announced consolidated earnings results for the year ended June 30, 2016. For the year, the company reported net sales of JPY 3,575 million against JPY 4,280 million a year ago. Operating income was JPY 55 million against JPY 268 million a year ago. Ordinary loss was JPY 83 million against ordinary income of JPY 254 million a year ago. Loss attributable to owners of parent was JPY 135 million against profit attributable to owners of parent of JPY 180 million a year ago. Basic loss per share was JPY 19.41 against basic earnings per share of JPY 25.95 a year ago. Cash flows from operating activities was JPY 323 million against JPY 104 million a year ago.
For the year ending June 30, 2017, on consolidated basis the company expected net sales of JPY 4,700 million, operating income of JPY 280 million, ordinary income of JPY 200 million, profit attributable to owners of parent was JPY 180 million or JPY 25.87 per share.
For the six months ending December 2016, on consolidated basis the company expected net sales of JPY 1,570 million, operating income of JPY 20 million, ordinary income of JPY 10 million, profit attributable to owners of parent was JPY 30 million or JPY 4.30 per share.
KITAGAWA SEIKI CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of industrial machines and building materials machines. The Company operates through two business segments. The Industrial Machinery segment is involved in the manufacture and sale of the substrate presses, new material presses, laminators, resin molding equipment, factory automation (FA) system machines, among others. The Building Materials segment is involved in the manufacture and sale of plywood presses and plywood machines. The Company is also involved in the manufacture and sale of hydraulic equipment.
Kitagawa Seiki Co. Ltd. Announces Consolidated Earnings Results for the Year Ended June 30, 2016; Provides Consolidated Earnings Guidance for the Six Months and Year Ending June 30, 2017