Tokyo Rope Manufacturing Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2015; Provides Dividend Guidance for the Year Ending March 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2016
November 08, 2015
Share
Tokyo Rope Manufacturing Co., Ltd. announced consolidated earnings results for the six months ended September 30, 2015. For the six months, the company reported net sales of ¥31,036 million against ¥34,106 million a year ago. Operating income was ¥1,507 million against ¥1,132 million a year ago. Ordinary income was ¥1,041 million against ¥1,570 million a year ago. Income before income taxes was ¥1,051 million against ¥1,987 million a year ago. Profit attributable to owners of parent was ¥615 million or ¥3.79 per share against ¥1,860 million or ¥12.64 per share a year ago. Net cash provided by operating activities was ¥2,759 million against ¥4,547 million a year ago. Purchases of property, plant and equipment were ¥1,333 million against ¥644 million a year ago. Net sales decreased 9.0% year-on-year for the first two quarters due to the repercussions of recording sales for overseas projects in the same period of previous fiscal year in the Product Development segment and decreased sales of oil-related products in accordance with lower crude oil prices and other factors.
The company provided dividend guidance for the year ending March 31, 2016. For the year, the company expects dividend of ¥4.00 per share against ¥0.00 per share a year ago. Full year dividend was ¥4.00 per share against ¥0.00 per share a year ago.
The company provided earnings guidance for the year ending March 31, 2016. For the year, the company expects net sales of ¥73,500 million, operating income of ¥4,200 million, ordinary income of ¥3,900 million and profit attributable to owners of parent of ¥3,000 million or ¥18.93 per share.
TOKYO ROPE MFG. CO., LTD. is a Japan-based company engaged in the production and sale of steel cables, steel cords, developed products and others, the real estate leasing business, as well as logistics related business and other services. The Company operates through four business segments. The Cable and Steel Wire-related segment is engaged in the manufacture and sale of wire ropes, various wire products, fiber ropes and nets. The Steel Cord-related segment is engaged in the manufacture and sale of steel cords for tires and saw wires. The Developed Product-related segment is engaged in the provision of road safety facilities, cables for long-sized bridges, the design and construction of bridge, metal fibers and carbon fiber composite material cables (CFCC). The Real Estate-related segment is engaged in real estate leasing and solar power sale business. The Company is also engaged in the industrial machinery business, powder metallurgy business and petroleum business.
Tokyo Rope Manufacturing Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2015; Provides Dividend Guidance for the Year Ending March 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2016