Nissei Asb Machine Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended of March 31, 2017; Provides Earnings Guidance for the Year Ending of September 30, 2017
May 08, 2017
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Nissei Asb Machine Co., Ltd. reported consolidated earnings results for the six months ended of March 31, 2017. For the period, the company reported net sales of JPY 12,108 million compared to JPY 13,233 million a year ago. Operating income was JPY 2,135 million compared to JPY 2,523 million a year ago. Ordinary income was JPY 2,721 million compared to JPY 2,443 million a year ago. Profit attributable to owners of parent was JPY 1,789 million compared to JPY 1,475 million a year ago. Earnings per share were JPY 119.18 compared to JPY 98.29 a year ago. Income before income taxes and minority interests was JPY 2,725,059,000 compared to JPY 2,445,167,000 a year ago. Net cash provided by operating activities was JPY 2,609,486,000 compared to JPY 447,939,000 a year ago. Purchase of property, plant and equipment was JPY 820,380,000 compared to JPY 380,446,000 a year ago. Purchase of intangible assets was JPY 17,535,000 compared to JPY 11,426,000 a year ago.
The company provided earnings guidance for the year ending of September 30, 2017. For the period, the company expects net sales to be of JPY 28,000 million. Operating income expected to be of JPY 5,000 million. Ordinary income expected to be of JPY 5,000 million. Profit attributable to owners of parent expected to be of JPY 3,200 million. Earnings per share expected to be of JPY 213.09.
NISSEI ASB MACHINE CO., LTD. is a Japan-based company engaged in the manufacture and sale of stretch blow molding machines. The Company mainly manufactures and sells stretch blow molding machines for polyethylene terephthalate (PET) bottles and other plastic bottles, as well as related special molds, auxiliary equipment and parts. The Company operates through five segments: Americas, Europe, South and West Asia, East Asia and Japan.
Nissei Asb Machine Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended of March 31, 2017; Provides Earnings Guidance for the Year Ending of September 30, 2017