Toyo Seikan : Posting of Non-operating Income (Foreign Exchange Income)
January 24, 2017 at 12:10 am EST
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［Translation］
Press Release
January 13, 2017
Takao Nakai
President and Representative Director Toyo Seikan Group Holdings, Ltd.
(Code: 5901, First Section of Tokyo Stock Exchange)
Contact:
Kouki Ogasawara
General Manager of General Affairs Dept. Phone: +81-3-4514-2001
Posting of Non-operating Income (Foreign Exchange Income)
Toyo Seikan Group Holdings, Ltd. (the Company) hereby announces that it will post non-operating income (foreign exchange income) for the consolidated cumulative third quarter of FY2016.
Posting of Non-operating Income (Foreign Exchange Income)
The Company posted foreign exchange losses of JPY5.0 billion for the consolidated cumulative second quarter of FY2016 (April 1, 2016 to September 30, 2016). However, due to fluctuations in foreign exchange rates thereafter, foreign exchange income of approx. JPY6.0 billion incurred for the third quarter of FY2016 (October 1, 2016 to December 31, 2016) and the Company is expected to post foreign exchange income of approx. JPY1.0 billion for the consolidated cumulative third quarter of FY2016 (April 1, 2016 to December 31, 2016). This is mainly related to foreign currency receivables/payables denominated in foreign currencies including foreign currency loans to overseas subsidiaries.
Impact on Business Results
The Company is assessing the impact of the above posting of non-operating income (foreign exchange income) on the business results, and will disclose immediately if any revision is made to the earnings forecast.
Toyo Seikan Group Holdings Ltd. published this content on 24 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 January 2017 05:10:02 UTC.
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Toyo Seikan Group Holdings, Ltd. is a Japan-based packaging container manufacturer. The Company operates in four business segments. The Packing Container Related segment is engaged in the manufacture and sale of cans for canning and other metal products, plastic, glass and paper products, as well as the contract manufacture and sale of aerosol products and general goods filing. The Steel Plate Related segment is engaged in the manufacture and sale of steel and processed steel plates. The Functional Material segment offers disk substrates, optical function films, glazes and gel coat. The Real Estate segment is engaged in the leasing of buildings and commercial facilities. The Others segment is engaged in the manufacture and sale of hard alloy, machineries and tools, agricultural materials, the sale of petroleum products, as well as the insurance agency business.
TOYO SEIKAN GROUP HOLDINGS, LTD. 
