Godo Steel, Ltd. Reports Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
September 09, 2016 at 09:08 pm IST
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Godo Steel, Ltd. reported earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported profit attributable to owners of the parent for the first quarter ended June 30, 2016 was JPY 400 million, or JPY 2.59 per basic share, compared to JPY 969 million, or JPY 6.20 per basic share, for the same quarter ended June 30, 2015. Net sales for the first quarter ended June 30, 2016 were JPY 23.51 billion, compared to JPY 27.54 billion for the same quarter ended June 30, 2015. Operating income was JPY 405 million, compared to JPY 886 million for the quarter period ended June 30, 2015. Ordinary income was JPY 643 million, compared to JPY 1.22 billion for the same quarter ended June 30, 2015.
For the year ending March 31, 2017, the company expects profit attributable to owners of the parent to be JPY 2.10 billion, or JPY 140.29 per basic share. The company also expects net sales to be JPY 96 billion and operating income to be JPY 2.3 billion.
Godo Steel, Ltd. is a Japan-based company mainly engaged in the steel business and agricultural materials business. The Company operates in two business segments. The Steel segment is mainly engaged in the production and sale of wire rods, section steels, steel bars, secondary processed steel products and other steel products. The Agricultural Materials segment is mainly engaged in the manufacture and sale of organic fertilizers and chemical fertilizers.