Juki Corp. Reports Consolidated Earnings Results for the First Nine Months Ended September 30, 2015; Provides Earnings and Dividend Guidance for the Year Ending December 31, 2015
November 06, 2015
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Juki Corp. reported consolidated earnings results for the first nine months ended September 30, 2015. For the period, the company reported net sales of ¥83,215 million against ¥76,750 million a year ago. Operating income was ¥5,514 million against ¥5,850 million a year ago. Ordinary income was ¥4,442 million against ¥5,370 million a year ago. Net income was ¥2,899 million or ¥97.16 per share against ¥4,214 million or ¥156.64 per share a year ago. Income before income taxes and minority interests was ¥4,449 million against ¥5,317 million a year ago. Net sales up by 8.4% from the same period of the previous fiscal year as a result of factors including firm performance in sales for the Sewing Machinery Business in Asia's emerging markets continuing on from the previous fiscal year, a focus on acquiring new customers and expanding areas of business that deliver high rates of return, and the effect of yen depreciation.
For the year ending December 31, 2015, the company expects net sales of ¥110,000 million, operating income of ¥6,800 million, ordinary income of ¥5,600 million and net income of ¥3,700 million or ¥124.00 per share.
For the year ending December 31, 2015, the company expects to pay a dividend of ¥25.00 per share.
JUKI CORPORATION is a Japan-based company primarily engaged in the manufacture and sale of sewing machines and industrial equipment. The Company has two business segments. The Sewing Machine and System segment is engaged in the manufacture and sale of industrial sewing machines, household sewing machines and related parts. The Industrial Equipment and System segment is engaged in the manufacture and sale of industrial equipment, including mounters, inspection machines and printing machines, group business, including contract processed products and parts, as well as customer business, including parts and services of sewing machines and industrial equipment. The Company also conducts real estate management business and others.
Juki Corp. Reports Consolidated Earnings Results for the First Nine Months Ended September 30, 2015; Provides Earnings and Dividend Guidance for the Year Ending December 31, 2015