Piolax, Inc. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the First Half Ending September 30, 2017 and Year Ending March 31, 2018
August 22, 2017
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Piolax, Inc. reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 16,495 million compared to JPY 15,609 million a year ago. Operating income was JPY 2,625 million compared to JPY 2,458 million a year ago. Ordinary income was JPY 2,805 million compared to JPY 2,677 million a year ago. Net income attributable to owners of the company was JPY 2,080 million or JPY 58.09 per share compared to JPY 1,926 million or JPY 53.80 per share a year ago. Quarterly net income before taxes and other adjustments was JPY 2,805 million compared to JPY 2,677 million a year ago.
The company provided consolidated earnings guidance for the first half ending September 30, 2017 and year ending March 31, 2018. For the first half ending September 30, 2017, the company expects net sales of JPY 31,500 million, operating income of JPY 4,700 million, ordinary income of JPY 5,100 million and net income of JPY 3,500 million or JPY 97.72 per share.
For the year ending March 31, 2018, the company expects net sales of JPY 63,200 million, operating income of JPY 9,500 million, ordinary income of JPY 10,200 million and net income of JPY 6,900 million or JPY 192.66 per share.
PIOLAX, INC. is a Japan-based company principally engaged in the manufacture and sale of automotive related products. The Company operates in two business segments. Automotive Related Business segment is mainly involved in the manufacture and sale of precision springs, industrial fasteners, as well as small unit parts that combine resin and metal to the automobile industry. Medical Equipment Business segment is involved in the manufacture and sale of interventional radiology (IVR), endoscopic treatment, and orthopedic treatment equipment to medical institutions.
Piolax, Inc. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the First Half Ending September 30, 2017 and Year Ending March 31, 2018