Tsubakimoto Chain Co. Reports Consolidated Earnings Results for the First Quarter Ended of June 30, 2017; Provides Earnings Guidance for the Six Months Period Ending of September 30, 2017 and Year Ending of March 31, 2018
July 27, 2017
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Tsubakimoto Chain Co. reported consolidated earnings results for the first quarter ended of June 30, 2017. For the quarter, the company reported net sales of JPY 49,870 million compared to JPY 46,596 million a year ago. Operating income was JPY 4,331 million compared to JPY 4,139 million a year ago. Ordinary income was JPY 4,920 million compared to JPY 4,225 million a year ago. Net income was JPY 3,152 million compared to JPY 2,795 million a year ago. Net income per share was JPY 16.65 compared to JPY 14.94 a year ago.
The company provided earnings guidance for the six months period ending of September 30, 2017 and year ending of March 31, 2018. For the six months period ending of September 30, 2017, the company expects net sales to be of JPY 100,000 million. Operating income expected to be of JPY 8,800 million. Ordinary income expected to be of JPY 9,100 million. Net income expected to be of JPY 6,300 million. Net income per share expected to be of JPY 33.28.
For the twelve Months Ending of March 31, 2018, the company expects net sales to be of JPY 205,000 million. Operating income expected to be of JPY 20,500 million. Ordinary income expected to be of JPY 21,000 million. Net income expected to be of JPY 14,500 million. Net income per share expected to be of JPY 76.61.
TSUBAKIMOTO CHAIN CO. is mainly engaged in the manufacture and sale of chains for power transmission and transportation use, variable speed reducers, linear working units, timing chains, power drive chains, conveyors and transportation systems. In addition, the Company is also involved in the manufacture, sale, research and development of automotive parts and material handling equipment. The Company operates through four segments: Chain, Precision Equipment, Automobile Parts and Material handling segments. The Chain segment offers standard form chains, oil-free chains, powerful chains, standard conveyor chains and free flow chains, as well as cable chains and cable accessories, among others. The Precision Equipment segment provides gear motors, gear-boxes, tensioners, guides, levers, sprockets, among others. The Automobile Parts segment provides tensioners, guides, power drive chains and others. The Material Hnadling segment provides systems for the logistics industry and others.
Tsubakimoto Chain Co. Reports Consolidated Earnings Results for the First Quarter Ended of June 30, 2017; Provides Earnings Guidance for the Six Months Period Ending of September 30, 2017 and Year Ending of March 31, 2018
TSUBAKIMOTO CHAIN CO. 
