Hirano Tecseed Co.,Ltd. Reports Consolidated Financial Results for the Six Months Ended Sep. 30, 2017; Provides Financial and Dividend Guidance for the Year Ending Mar. 31, 2018; Announces Dividend for the Six Months Ended Sep. 30, 2017, Payable on December 4, 2017
November 09, 2017
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HIRANO TECSEED Co.,Ltd. reported consolidated financial results for the six months ended Sep. 30, 2017. For the six months, the company reported operating income of ¥1,503 million and net income attributable to owners of parent of ¥1,507 million or ¥70.31 per basic share on net sales of ¥11,404 million against operating income of ¥501 million and net income attributable to owners of parent of ¥349 million or ¥23.22 per basic share on net sales of ¥6,285 million for the same period of last year. Profit before income taxes was ¥1,545,734,000 against ¥514,201,000 for the same period of last year. Net cash provided by operating activities was ¥547,378,000 against ¥1,032,427,000 for the same period of last year. Purchase of property, plant and equipment was ¥128,365,000 against ¥64,853,000 for the same period of last year. Purchase of intangible assets was ¥1,899,000 against ¥32,973,000 for the same period of last year.
For the year ending Mar. 31, 2018, the company expects, operating income of ¥2,650 million and net income attributable to owners of parent of ¥1,900 million or ¥126.30 per basic share on net sales of ¥21,000 million.
For the year ending Mar. 31, 2018, the company expects to pay an year end dividend of ¥15 per share.
For the six months ended Sep. 30, 2017, the company announced a dividend of ¥13 per share. Scheduled date of commencing dividend payments is December 4, 2017.
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. Reports Consolidated Financial Results for the Six Months Ended Sep. 30, 2017; Provides Financial and Dividend Guidance for the Year Ending Mar. 31, 2018; Announces Dividend for the Six Months Ended Sep. 30, 2017, Payable on December 4, 2017