C. Uyemura & Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
November 11, 2016
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C. Uyemura & Co., Ltd. reported consolidated earnings results for the nine months ended September 30, 2016. For the period, the company reported sales was JPY 20,478 million, operating income of JPY 3,001 million, Ordinary Profit of JPY 2,806, profit attributable to owners of the parent was JPY 2,363 million or JPY 259.72 per share against sales was JPY 24,619 million, operating income of JPY 3,091 million, ordinary profit JPY 3,118, profit attributable to owners of the parent was JPY 1,770 million or JPY 194.50 per share a year ago. Net cash provided by operating activities was JPY 2,884 million as compared with JPY 2,860 million provided in the same period previous fiscal year, The main factors include profit before income taxes of JPY 2,805 million and depreciation and amortization of JPY 955 million, which were partially offset by income taxes paid of JPY 885 million and a JPY 481 million decrease in notes and accounts payable-trade. Payment for acquisition of fixed assets was JPY 741,369,000 against JPY 817,816,000 a year ago. Profit before income taxes was JPY 2,805,924,000 against 3,127,654,000 a year ago.
For the year ending March 31, 2017, the company expects sales of JPY 45,310 million, operating income of JPY 7,030 million, Ordinary profit of JPY 7,040 and profit attributable to owners of the parent was JPY 3,970 million or JPY 436.08 per share.
C.Uyemura & Co.,Ltd. is a Japan-based company principally engaged in the manufacture and sale of surface finishing materials and machinery. The Company operates in four business segments. The Surface Finishing Material segment provides plating solutions for aluminum magnetic discs, plating solutions for printed-circuit boards, industrial use chemical products and non-ferrous metals, among others. The Surface Finishing Machinery segment is engaged in the manufacture and sale of plating machinery for aluminum magnetic discs and printed-circuit boards. The Plating Processing segment is engaged in the process of plating work for plastics and printed circuit boards. The Real Estate Leasing segment is engaged in the leasing of office buildings and condominiums.
C. Uyemura & Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017