HIRANO TECSEED Co., Ltd. Announces unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Expects to Pay Second Quarter and Year End Dividends for the Fiscal Year Ending March 31, 2017; Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2017
August 07, 2016 at 05:39 am EDT
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HIRANO TECSEED Co., Ltd. announced unaudited consolidated earnings results for the first quarter ended June 30, 2016. For the period, the consolidated company reported net sales of ¥2,347 million, operating loss of ¥69 million, ordinary loss of ¥45 million, net loss attributable to owners of the parent of the company of ¥70 million or net loss per basic share of ¥4.66 compared to net sales of ¥2,222 million, operating loss of ¥50 million, ordinary loss of ¥13 million, net loss attributable to owners of the parent of the company of ¥21 million or net loss per basic share of ¥1.46 for the same period last year.
The company expects to pay second quarter dividend of ¥10.00 per share and year end dividend of ¥10.00 per share for the fiscal year ending March 31, 2017.
For the first half of fiscal year ending March 31, 2017, the consolidated company expects net sales of ¥7,500 million, operating income of ¥280 million, ordinary income of ¥320 million, net income attributable to owners of the parent of the company of ¥170 million or net income per share of ¥11.30.
For the fiscal year ending March 31, 2017, the consolidated company expects net sales of ¥17,500 million, operating income of ¥1,450 million, ordinary income of ¥1,500 million, net income attributable to owners of the parent of the company of ¥1,150 million or net income per share of ¥76.44.
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 unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Expects to Pay Second Quarter and Year End Dividends for the Fiscal Year Ending March 31, 2017; Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2017