Koito Manufacturing Co. Ltd. Reports Earnings Results for the Nine Months Ended December 31, 2015; Provides Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2016
January 28, 2016 at 09:30 pm IST
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Koito Manufacturing Co. Ltd. reported earnings results for the nine months ended December 31, 2015. For the period, the company reported net sales of JPY 595,914 million against JPY 501,965 million a year ago. Operating income was JPY 55,613 million against JPY 42,462 million a year ago. Recurring profit was JPY 57,877 million against JPY 45,150 million a year ago. Profit attributable to owners of parent was JPY 29,733 million or JPY 185.03 per share against JPY 26,233 million or JPY 163.25 per share a year ago. Net income per diluted share was JPY 184.99.
For the year ending March 31, 2016, the company expects consolidated net sales of JPY 806,000 million, operating income of JPY 77,000 million. The company expects recurring profit of JPY 79,000 million and profit attributable to owners of parent company of JPY 41,000 million or JPY 255.14 per share.
For the year ending March 31, 2016, the company expects non-consolidated net sales of JPY 273,000 million, operating income of JPY 21,000 million, recurring profit of JPY 36,000 million and net income of JPY 24,000 million or JPY 149.35 per share.
KOITO MANUFACTURING CO., LTD. is mainly engaged in the manufacture and sale of automotive lighting equipment, aircraft parts, railway vehicles parts, electrical equipment and measuring equipment. The Company mainly operates in six segments, including Japan, China, Asia, North America, Europe and Others. The Companyâs major products include light-emitting diode (LED) head lamps, discharge head lamps, headlights, sign lamps, high mount stop lamps, halogen bulbs, miniature bulbs and other lamp fittings, control equipment for rail vehicles, roads traffic signals, traffic control systems, roads and tunnels illumination lamps, facilities illumination lamps, accommodation equipment, aircraft parts, electronic parts, head lamps cleaners, sheets for aircraft and rail vehicles, as well as environment control equipment. The Company is also engaged in the development and manufacture of forward monitoring operation support systems for advanced driver-assistance systems (ADAS) through subsidiary.
Koito Manufacturing Co. Ltd. Reports Earnings Results for the Nine Months Ended December 31, 2015; Provides Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2016
KOITO MANUFACTURING CO., LTD. 
