Amada Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2013; Provides Earnings Guidance for the First Half of Fiscal 2013
August 13, 2013 at 06:30 am IST
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Amada Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2013. For the quarter, the company reported net sales of JPY 45.2 billion compared to JPY 37.0 billion a year ago. Operating loss was JPY 0.3 billion compared to JPY 0.8 billion a year ago. Ordinary income was JPY 1.1 billion compared to loss of JPY 0.8 billion a year ago. Net income was JPY 0.1 billion compared to net loss of JPY 1.1 billion a year ago.
The company provided earnings guidance for the first half of fiscal 2013. For the period, the company expects net sales of JPY 106.0 billion, operating income of JPY 3.5 billion, ordinary income of JPY 3.5 billion and net income of JPY 2.5 billion.
Amada Holdings Co. Ltd. specializes in manufacturing, renting and marketing processing machines. The group also provides maintenance and repair services. Net sales break down by family of products as follows:
- metallurgy machines (80.3): primarily laser and welding machines, cutting and degreasing machines, bending and pressing machines;
- machine tools (19.3%): sawing machine, grinders, etc.;
- other (0.4%).
Net sales are distributed geographically as follows: Japan (45.5%), China (4.1%), Asia (10.1%), Europe (18.7%) and North America (21.6%).
Amada Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2013; Provides Earnings Guidance for the First Half of Fiscal 2013
AMADA HOLDINGS CO. LTD. 
