ALCONIX Corporation Announces Consolidated Financial Results for the Six Months Ended September 30, 2013; Provides Earnings Guidance for the Year Ending March 31, 2014
November 11, 2013
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ALCONIX Corporation announced consolidated financial results for the six months ended September 30, 2013. For the period, the company reported revenue of ¥88,939 million against ¥88,529 million a year ago. Operating income was ¥1,877 million against ¥1,721 million a year ago. Ordinary income was ¥1,799 million against ¥2,015 million a year ago. Net income was ¥1,800 million or ¥282.34 per diluted share against ¥1,015 million or ¥159.14 per diluted share a year ago. Net cash used in operating activities was ¥635 million compared with ¥9 million provided in the same period of the previous fiscal year. Income before income taxes and minority interests was ¥2,594 million against ¥1,728 million a year ago. Income before minority interests was ¥1,834 million against ¥1,052 million a year ago. Purchase of property, plant and equipment was ¥273 million against ¥166 million a year ago. Purchase of intangible assets was ¥61 million against ¥60 million a year ago.
For the year ending March 31, 2014 the company expects revenue of ¥180 billion, operating income of ¥3.3 billion, ordinary income of ¥3.3 billion and net income of ¥2.7 billion or ¥424.78 per share.
ALCONIX CORPORATION is a distributor of various nonferrous metal products. The Company operates in four business segments. Electronic and Functional Material segment offers compound semiconductor, electronic material, titanium product, nickel product and rare metal. Aluminum Copper segment provides aluminum product, copper and copper alloy, aluminum secondary alloy ingot and non-ferrous scrap, metallic silicon, zinc alloy ingot, magnesium ingot, various piping machinery and material, aluminum die casting product and others, as well as metal fitting work, renewal of building and condominium, and remodeling work. Equipment Material segment provides copper, nickel plating material and related chemical, nondestructive inspection equipment and others, as well as thermal spraying work. Metal Processing segment provides precision mechanical parts for communication equipment, surface mounting machine for semiconductor, and precision press mold and press parts for automobile.
ALCONIX Corporation Announces Consolidated Financial Results for the Six Months Ended September 30, 2013; Provides Earnings Guidance for the Year Ending March 31, 2014