Suzuki Co.,Ltd. Reports Consolidated Earnings Results for the First Quarter Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending December 2017 and Year Ending June 2018; Provides Dividend Guidance for the Year Ending June 2018
November 10, 2017 at 11:51 am EST
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Suzuki Co.,Ltd. reported consolidated earnings results for the first quarter ended September 30, 2017. For the quarter, the company reported net sales of JPY 6,617 million, operating income of JPY 650 million, ordinary income of JPY 661 million and net income attributable to owners of parent of JPY 389 million or JPY 31.43 per share as compared to net sales of JPY 5,674 million, operating income of JPY 315 million, ordinary income of JPY 129 million and net loss attributable to owners of parent of JPY 1 million or JPY 0.16 per share for the same period a year ago.
The company provided consolidated earnings guidance for the six months ending December 2017 and year ending June 2018. For the six months ending December 2017, the company expects net sales of JPY 13,112 million, operating income of JPY 1,091 million, ordinary income of JPY 1,104 million and net income attributable to owners of parent of JPY 593 million or JPY 47.95 per share.
For the year ending June 2018, the company expects net sales of JPY 25,804 million, operating income of JPY 1,771 million, ordinary income of JPY 1,783 million and net income attributable to owners of parent of JPY 919 million or JPY 74.28 per share.
The company provided dividend guidance for the year ending June 2018. For the year, the company expects to pay a dividend of JPY 11.00 per share compared to JPY 11.00 per share a year ago.
SUZUKI CO., LTD. is a Japan-based company primarily engaged in the production and sale of dies, parts and automatic equipment. The Company has three business segments. The Dies segment is engaged in the manufacture and sale of precision press dies and mold dies. The Parts segment is engaged in the manufacture and sale of connector contacts, connector housing products and automobile electric components. The Mechanical Equipment segment is engaged in the manufacture and sale of surface mount technology (SMT) equipment, semiconductor-related equipment and specialized machines, as well as the medical equipment. The Company also conducts leasing business and the sale of power business.
Suzuki Co.,Ltd. Reports Consolidated Earnings Results for the First Quarter Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending December 2017 and Year Ending June 2018; Provides Dividend Guidance for the Year Ending June 2018