HIRANO TECSEED Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the First Half Year and Full Year Ending March 31, 2017
May 12, 2016 at 04:00 pm EDT
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HIRANO TECSEED Co., Ltd. announced consolidated and non-consolidated earnings results for the year ended March 31, 2016. For the year, on consolidated basis, the company reported net sales of JPY 18,335 million compared to JPY 14,514 million a year ago. Operating income was JPY 1,950 million compared to income of JPY 553 million a year ago. Ordinary income was JPY 2,034 million compared to JPY 645 million a year ago. Net loss attributable to the owners of the parent was JPY 1,330 million compared to JPY 445 million a year ago. Net loss per share was JPY 88.45 compared to income of JPY 29.58 a year ago. Rate of return on equity was 6.5% against 2.2% a year ago. Net cash provided by operating activities was JPY 3,985 million compared to net cash used in operating activities of JPY 2,356 million a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 15,757 million compared to JPY 12,339 million a year ago. Operating income was JPY 1,693 million compared to JPY 363 million a year ago. Ordinary income was JPY 1,807 million compared to JPY 536 million a year ago. Net income was JPY 1,223 million compared to JPY 453 million a year ago. Net income per share was JPY 81.30 compared to JPY 30.16 a year ago.
The company provided earnings guidance for the first half year and full year ending March 31, 2017. For the half year of 2017, on consolidated basis, the company expects net sales of JPY 7,500 million, operating income of JPY 280 million, ordinary income of JPY 320 million, net income attributable to owners of parent of JPY 170 million or JPY 11.30 per share.
For the year ending March 31, 2017, on consolidated basis, the company expects net sales of JPY 17,500 million, operating income of JPY 1,450 million, ordinary income of JPY 1,500 million, net income of JPY 1,150 million or JPY 76.44 per share.
HIRANO TECSEED Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of coating machines-related and chemical machines-related equipment, among others. The Coating Machines-related segment manufactures and sells coating and laminating-related machines such as magnetic tapes, composite films for wrapping, adhesive tapes, synthetic leathers, floor materials, wallpaper, decorative sheets, insulating plates, as well as drying and heat disposal machines, among others. The Chemical Machines-related segment manufactures and sells macromolecular chemical machines such as machines for plastic films, film formations, electrical printed circuit boards (PCBs) and ceramic sheet moldings, high-heat processing equipment, drying and heat disposal machines and others. The Others segment manufactures and sells dyeing machines and various machinery parts, as well as provides repair and remodeling services.
HIRANO TECSEED Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the First Half Year and Full Year Ending March 31, 2017