Daiki Axis Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2017
August 18, 2017 at 08:49 pm IST
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Daiki Axis Co., Ltd. announced consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported net sales of ¥16,637 million against ¥16,009 million a year ago. Operating income was ¥590 million against ¥477 million a year ago. Ordinary income was ¥648 million against ¥595 million a year ago. Profit attributable to owners of parent was ¥379 million or ¥31.37 per share against ¥372 million or ¥30.85 per share a year ago. Profit before income taxes was ¥633.379 million against ¥632.040 million a year ago. Net cash provided by operating activities was ¥1,773.054 million against ¥1,016.070 million a year ago. Purchase of tangible assets was ¥124.367 million against ¥157.339 million a year ago.
The company provided consolidated earnings guidance for the year ending December 31, 2017. For the period, the company expects net sales of ¥34,400 million, operating income of ¥1,150 million, ordinary income of ¥1,350 million and profit attributable to owners of parent of ¥850 million or ¥70.23 per share.
Daiki Axis Co.,Ltd. is a Japan-based company primarily engaged in the environmental equipment and residential equipment-related business. The Company has three business segments. Its Environment Equipment-related segment mainly involves in the manufacture, construction, sale and maintenance of water treatment equipment, including septic tanks. This segment provides products used in wastewater treatment and industrial water treatment, as well as sewer water treatment equipment. The Residential Equipment-related segment mainly involves in the sale of residential and education-related facilities, as well as interior and exterior works. The Others segment mainly involves in the manufacture and sale of biodiesel, bottled water and pet goods.
Daiki Axis Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2017