HIRANO TECSEED Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2015; Provides Consolidated Earnings Guidance for the First Half and Year Ending March 31, 2016; Announces Dividend for the Year Ended March 31, 2015, Payments Will Start from June 29, 2015; Provides Dividend Guidance for the Second Quarter and Year Ending March 31, 2016
May 11, 2015
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HIRANO TECSEED Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2015. For the period, the consolidated company's net sales were ¥14,514 million against ¥28,504 million a year ago. Operating income was ¥553 million against ¥3,568 million a year ago. Net income was ¥445 million against ¥2,117 million a year ago. Net income per share was ¥29.58 against ¥140.73 a year ago. Net cash used in operating activities was ¥2,356 million against net cash provided by operating activities or ¥3,716 million a year ago. Return on equity 2.2% against 11.2% a year ago.
For the period, the non-consolidated company's net sales were ¥12,339 million against ¥17,882 million a year ago. Operating income was ¥363 million against ¥1,158 million a year ago. Net income was ¥453 million against ¥863 million a year ago. Net income per share was ¥30.16 against ¥57.37 a year ago. Net cash used in operating activities was ¥2,356 million against net cash provided by operating activities or ¥3,716 million a year ago.
For the first half 2016, the company expects net sales to be ¥7,000 million, operating income to be ¥260 million and net income to be ¥230 million or ¥15.29 million.
For the year ending March 31, 2016, the company expects net sales to be ¥14,514 million, operating income to be ¥1,130 million and net income to be ¥820 million or ¥54.50 million.
For the year ended March 31, 2015, the company plans to pay dividend of ¥5.00 per share against ¥17.00 per share in 2014. The dividend payments will start from June 29, 2015.
For the second quarter 2016, the company plans to pay dividend of ¥8.00 per share against ¥5.00 per share in 2014.
For the year ending March 31, 2016, the company plans to pay dividend of ¥6.00 per share against ¥5.00 per share in 2015.
HIRANO TECSEED Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of coating machines-related and chemical machines-related equipment, among others. The Coating Machines-related segment manufactures and sells coating and laminating-related machines such as magnetic tapes, composite films for wrapping, adhesive tapes, synthetic leathers, floor materials, wallpaper, decorative sheets, insulating plates, as well as drying and heat disposal machines, among others. The Chemical Machines-related segment manufactures and sells macromolecular chemical machines such as machines for plastic films, film formations, electrical printed circuit boards (PCBs) and ceramic sheet moldings, high-heat processing equipment, drying and heat disposal machines and others. The Others segment manufactures and sells dyeing machines and various machinery parts, as well as provides repair and remodeling services.
HIRANO TECSEED Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2015; Provides Consolidated Earnings Guidance for the First Half and Year Ending March 31, 2016; Announces Dividend for the Year Ended March 31, 2015, Payments Will Start from June 29, 2015; Provides Dividend Guidance for the Second Quarter and Year Ending March 31, 2016