Suzuki Co.,Ltd. Reports Consolidated Earnings Results for the Nine Months Ended March 31, 2017; Provides Earnings Guidance for the Year Ending June 30, 2017
May 15, 2017 at 11:59 am EDT
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Suzuki Co.,Ltd. reported consolidated earnings results for the nine months ended March 31, 2017. For the period, the company's net sales were JPY 17,322 million compared to JPY 17,516 million a year ago. Operating income was JPY 1,217 million compared to JPY 1,081 million a year ago. Ordinary income was JPY 1,224 million compared to JPY 979 million a year ago. Net income attributable to owners of parent was JPY 664 million compared to JPY 295 million a year ago. Net income per share was JPY 53.62 compared to JPY 23.88 a year ago.
The company provided earnings guidance for the year ending June 30, 2017. For the year, the company expects net sales of JPY 23,375 million, operating income of JPY 1,274 million, ordinary income of JPY 1,200 million and net income attributable owners of parent of JPY 577 million or JPY 46.66 per share.
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 Nine Months Ended March 31, 2017; Provides Earnings Guidance for the Year Ending June 30, 2017
SUZUKI CO.,LTD. 