Futaba Industrial Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended Mar. 31, 2013; Provides Earnings Guidance for the First Half Year Ending Sep. 30, 2013 and for the Year Ending Mar. 31, 2014
May 06, 2013
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Futaba Industrial Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended Mar. 31, 2013. For the year, the group reported operating loss of ¥360 million and net loss of ¥4,040 million or ¥57.76 per share on net sales of ¥365,246 million against operating income of ¥2,630 million and net loss of ¥4,521 million or ¥64.63 per share on net sales of ¥372,083 million for the last year. Cash flows from operating activities was ¥14,861 million against ¥17,932 million for the last year. Negative return on equity was 11% against 12.2% for the last year. Loss before income taxes was ¥3,238 million against ¥1,008 million for the last year. Purchase of property, plant and equipment was ¥18,159 million against ¥13,563 million for the last year.
For the year, the parent company reported operating income of ¥1,506 million and net loss of ¥1,797 million or ¥25.69 per share on net sales of ¥245,208 million against operating loss of ¥1,253 million and net loss of ¥3,259 million or ¥46.6 per share on net sales of ¥251,811 million for the last year.
For the first half year ending Sep. 30, 2013, the group expects operating income of ¥1,000 million and net loss of ¥300 million or ¥4.29 per share on net sales of ¥190,000 million.
For the year ending Mar. 31, 2014, the group expects operating income of ¥2,600 million and net income of ¥100 million or ¥1.43 per share on net sales of ¥377,000 million.
FUTABA INDUSTRIAL CO., LTD. is a Japan-based company, primarily engaged in the manufacture and sale of automobile assembly parts, information environment equipment parts, as well as jigs and welding machines. The Company operates in four segments. The Japan segment is engaged in the manufacture and sale of automobile parts, information environment equipment parts, as well as jigs and welding machines. The North America segment is engaged in the manufacture and sale of automobile parts. The Europe segment is engaged in the manufacture and sale of automobile parts. The Asia segment is engaged in the manufacture and sale of automobile parts and information environment equipment parts.
Futaba Industrial Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended Mar. 31, 2013; Provides Earnings Guidance for the First Half Year Ending Sep. 30, 2013 and for the Year Ending Mar. 31, 2014