Furusato Industries Ltd. Reports Consolidated and Non Consolidated Unaudited Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for Year Ending March 31, 2017
May 08, 2016 at 03:51 pm IST
Furusato Industries Ltd. reported consolidated and non consolidated unaudited earnings results for the year ended March 31, 2016. For the year, on consolidated basis the company reported net sales were ¥94,857 million against ¥87,684 million reported year ago. Operating income was ¥3,556 million against ¥3,272 million reported year ago. Ordinary income was ¥3,854 million against ¥3,577 million reported year ago. Net income attributable to owners of parent was ¥2,416 million or ¥166.69 per share against ¥2,230 million or ¥153.81 per share reported year ago. Net cash provided by operating activities was ¥2,613 million against ¥2,700 million reported year ago. ROE was 7.0% against 6.8% reported year ago. ROA was 6.8% against 6.5% reported year ago. Income before income taxes was ¥3,742,819 million against ¥3,621,256 million reported year ago.
For the year, on non consolidated basis the company reported net sales were ¥28,939 million against ¥28,401 million reported year ago. Operating income was ¥1,510 million against ¥1,728 million reported year ago. Ordinary income was ¥1,693 million against ¥1,923 million reported year ago. Net income was ¥1,023 million or ¥70.56 per share against ¥1,176 million or ¥81.13 per share reported year ago.
For the year ending March 31, 2017, the company forecast net sales of ¥94,700 million, operating income of ¥3,190 million, ordinary income of ¥3,460 million and net income attributable to owners of parent of ¥2,260 million.