Okamura Corp. Announces Consolidated Earnings Results for the Third Quarter Ended December 31, 2012; Provides Outlook for the Full Year Ending March 31, 2013
February 03, 2013
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Okamura Corp. announces consolidated earning results for the third quarter ended December 31, 2012. For the quarter, the company reported net sales of ¥139,113 million, against ¥132,175 million for the same period last year. Operating income was ¥3,164 million, against ¥2,743 million for the same period last year. Ordinary income was ¥3,903 million, against ¥3,049 million for the same period last year. Net income was ¥2,676 million or ¥24.29 per share, against ¥1,439 million or ¥13.06 per share for the same period last year. Comprehensive income was ¥2,970 million, against ¥220 million for the same period last year. Net cash provided by operating activities was ¥8,765 million, against ¥5,287 million for the same period last year. Purchase of property, plant and equipment was ¥5,455 million, against ¥1,368 million for the same period last year. Purchase of intangible assets was ¥721 million, against ¥402 million for the same period last year.
The company provided guidance for the full year ending March 31, 2013. For the period, the company expects net sales of ¥196,000 million, Operating income of ¥8,200 million, Ordinary income of ¥8,500 million and Net income of ¥5,800 million or ¥52.63 per share.
OKAMURA CORPORATION is a company mainly engaged in the manufacture and sale of office environmental equipment and commercial environmental equipment. The Company operates in two business segments. The Office Environmental segment is engaged in the manufacture and sale of office furniture, communal facility furniture, security products and health care products, among others. The Commercial Environmental segment is engaged in the manufacture and sale of store shelves, freezer showcases, refrigerated showcases and store counters. The Company is also engaged in the manufacture and sale of logistics equipment, such as storage racks for factories and warehouses, logistics automatic equipment and facilities.
Okamura Corp. Announces Consolidated Earnings Results for the Third Quarter Ended December 31, 2012; Provides Outlook for the Full Year Ending March 31, 2013