Daiken Co.,Ltd. Reports Consolidated Earnings Results for the First Quarter Ended May 2016; Provides Earnings Guidance for the Second Quarter Ending August 2016 and Fiscal Year Ending February 2017
July 08, 2016 at 09:00 pm IST
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Daiken Co.,Ltd. reported consolidated earnings results for the first quarter ended May 2016. For the quarter, the company reported net sales of JPY 2,239 million against JPY 2,377 million a year ago. Operating loss was JPY 37 million against operating income of JPY 20 million a year ago. Ordinary loss was JPY 40 million against ordinary income of JPY 23 million a year ago. Loss was JPY 34 million against profit of JPY 8 million a year ago. Basic loss per share was JPY 5.84 against earnings of JPY 1.44 a year ago.
The company provided earnings guidance for the second quarter ending August 2016 and fiscal year ending February 2017. For the second quarter, the company expects net sales of JPY 5,150 million, operating income of JPY 120 million, ordinary income of JPY 130 million, profit of JPY 80 million and net income per share of JPY 13.62.
For the fiscal year, the company expects net sales of JPY 11,000 million, operating income of JPY 510 million, ordinary income of JPY 520 million, profit of JPY 310 million and basic earnings per share of JPY 52.79.
DAIKEN CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of building hardware, exterior building materials and exterior products. The Company operates through two business segments. The Building Related Products segment is engaged in the manufacture, sale and installation of exterior building materials, interior building materials, as well as home delivery boxes, door hangers, and household sliding door closers. The Real Estate Rental segment is engaged in the operation of rental apartments for singles and rental stores. Exterior building materials include shades, aluminum drainers, handrails for shades, exterior blindfolded panels. Interior building materials include inspection doors, pits, gratings, stainless steel entrance wiping mats, ceiling lighting louvers, aluminum pipes, curtain rails.
Daiken Co.,Ltd. Reports Consolidated Earnings Results for the First Quarter Ended May 2016; Provides Earnings Guidance for the Second Quarter Ending August 2016 and Fiscal Year Ending February 2017