Musashi Co. Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2016 and Year Ending March 31, 2017
May 16, 2016
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Musashi Co. Ltd. reported consolidated earnings results for the year ended March 31, 2016. For the year, the company reported net sales of JPY 37,709 million, operating income of JPY 925 million, ordinary income of JPY 1,189 million and profit attributable to owners of parent of JPY 753 million or JPY 101.18 per share as compared to net sales of JPY 34,252 million, operating income of JPY 1,420 million, ordinary income of JPY 1,661 million and profit attributable to owners of parent of JPY 1,096 million or JPY 147.24 per share for the same period a year ago. Profit before income taxes was JPY 1,184 million compared to JPY 1,770 million a year ago. Net cash provided by operating activities was JPY 256 million compared to JPY 1,238 million a year ago. Purchase of property, plant and equipment was JPY 257 million compared to JPY 610 million a year ago. Purchase of intangible assets was JPY 32 million compared to JPY 129 million a year ago.
The company provided consolidated earnings guidance for the six months ending September 30, 2016 and year ending March 31, 2017. For the six months, the company expects net sales of JPY 18,711 million, operating income of JPY 785 million, ordinary income of JPY 833 million and profit attributable to owners of parent of JPY 507 million or JPY 68.11 per share.
For the year, the company expects net sales of JPY 37,221 million, operating income of JPY 1,143 million, ordinary income of JPY 1,232 million and profit attributable to owners of parent of JPY 775 million or JPY 104.12 per share.
MUSASHI CO., LTD. is primarily engaged in the sale of information, printing and industrial system equipment, financial general and election system equipment, and paper products. The Company operates in four business segments. The Information, Printing and Industrial System Equipment segment provides equipment, materials, information processing service and maintenance of electronic media and microfilm integrated systems, and equipment, materials and maintenance of printing systems, IPS systems, and industrial inspection. The Financial General and Election System Equipment segment provides equipment, related materials and maintenance of currency handling, election and security systems. The Paper and Paper Products segment provides paper for use in printing, publishing, information and business, paperboards for cartons, special paper and paper products. The Real Estate Rental and Leasing segment is engaged in real estate leasing, non-life insurance agency and human resources business.
Musashi Co. Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2016 and Year Ending March 31, 2017