Yuasa Funashoku Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017 and Year Ending March 31, 2018; Announces Year End Dividend for the Fiscal Year 2017, Payable on June 30, 2017; Provides Dividend Guidance for the Year End of Fiscal Year 2018
May 12, 2017 at 02:00 am
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Yuasa Funashoku Co., Ltd. reported consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of JPY 105,148 million compared to JPY 104,445 million a year ago. Operating income was JPY 1,803 million compared to JPY 1,832 million a year ago. Ordinary income was JPY 2,041 million compared to JPY 2,024 million a year ago. Profit attributable to owners of the parent was JPY 1,367 million or JPY 30.42 per basic share compared to JPY 1,316 million or JPY 29.28 per share a year ago. Return on equity was 4.9% compared to 4.9% a year ago. Cash flows from operating activities were JPY 2,060 million compared to JPY 2,180 million a year ago.
For the six months ending September 30, 2017, the company expects consolidated net sales of JPY 55,000 million, operating income of JPY 1,000 million, ordinary income of JPY 1,100 million and profit attributable to owners of the parent of JPY 750 million or JPY 16.68 per share.
For the year ending March 31, 2018, the company expects consolidated net sales of JPY 110,000 million, operating income of JPY 2,100 million, ordinary income of JPY 2,300 million and profit attributable to owners of the parent of JPY 1,500 million or JPY 33.37 per share.
The company announced year-end dividend of JPY 10.00 per share for the fiscal year 2017 against JPY 10.00 per share announced a year ago. The dividend is payable on June 30, 2017.
For the fiscal year 2018, the company expects to pay year-end dividend of JPY 10.00 per share against same amount announced a year ago.
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 Year Ended March 31, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017 and Year Ending March 31, 2018; Announces Year End Dividend for the Fiscal Year 2017, Payable on June 30, 2017; Provides Dividend Guidance for the Year End of Fiscal Year 2018