Yuasa Funashoku Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2014; Provides Earnings Guidance for the Second Quarter Ended September 2014 and Fourth Quarter Ended March 31, 2015
August 05, 2014 at 05:30 am
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Yuasa Funashoku Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported net sales of JPY 25,395 million compared to JPY 26,990 million a year ago. Operating income was JPY 347 million compared to JPY 443 million a year ago. Ordinary income was JPY 501 million compared to JPY 563 million a year ago. Net income was JPY 295 million or JPY 6.57 per basic share, compared to JPY 360 million or JPY 7.84 per basic share, a year ago.
The company provided earnings guidance for the second quarter ended September 2014 and fourth quarter ended March 31, 2015. For the second quarter, the company is expecting its net sales of JPY 108,000 million; operating income of JPY 1,950 million; ordinary income of JPY 2,200 million; and net income of JPY 1,300 million or JPY 28.91 per basic share.
For the fourth quarter, the company is expecting its net sales of JPY 54,000 million; operating income of JPY 950 million; ordinary income of JPY 1,100 million; and net income of JPY 600 million or JPY 13.34 per basic share.
YUASA FUNASHOKU CO., LTD. is a Japan-based company mainly engaged in the commercial business, hotel business, and real estate business. The Company operates through three business segments. The Commercial segment is mainly engaged in the wholesale of rice, flour, starch, sugar, fats and oils, feed, processed food and liquors. The Hotel segment is mainly engaged in the operation of hotels and restaurants. The Real Estate segment is mainly engaged in the real estate leasing business. The Company is also engaged in the logistics business and insurance agency business.
Yuasa Funashoku Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2014; Provides Earnings Guidance for the Second Quarter Ended September 2014 and Fourth Quarter Ended March 31, 2015