KYB Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2017; Expects to Pay Second Quarter Dividend and Year End Dividend for the Fiscal Year Ending March 31, 2017
August 05, 2016
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KYB Corporation announced consolidated earnings results for the first quarter ended June 30, 2016. For the period, the consolidated company reported net sales of ¥87,776 million, operating income of ¥3,909 million, profit before tax of ¥3,991 million, net profit attributable to owners of the parent of the company of ¥3,709 million or net income per basic share of ¥14.52 compared to net sales of ¥90,853 million, operating income of ¥5,072 million, profit before tax of ¥5,233 million, net profit attributable to owners of the parent of the company of ¥3,108 million or net income per basic share of ¥12.17 for the same period last year. Net cash from operating activities was ¥8,632 million against ¥10,973 million a year ago. Payment for purchases of property, plant and equipment was ¥4,510 million against ¥6,590 million a year ago.
The company expects to pay second quarter dividend of ¥5.00 per share and year end dividend of ¥6.00 per share for the fiscal year ending March 31, 2017.
For the first half of fiscal year ending March 31, 2017, the company expects net sales of ¥174,000 million, operating profit of ¥6,300 million, profit before taxes of ¥6,000 million, net profit attributable to owners of the parent of the company of ¥4,400 million or net income per basic share of ¥17.22.
For the fiscal year ending March 31, 2017, the company expects net sales of ¥346,000 million, operating profit of ¥13,800 million, profit before taxes of ¥12,900 million, net profit attributable to owners of the parent of the company of ¥9,200 million or net income per basic share of ¥36.01.
KYB Corp is a Japan-based company mainly engaged in the manufacture and sale of hydraulic shock absorbers and hydraulic equipment, as well as the provision of services related to each business. The Company operates through three segments. The Automotive Components (AC) segment produces hydraulic equipment for automobiles, mainly hydraulic shock absorbers for automobiles and motorcycles, and power steering products. The Hydraulic Components (HC) segment produces industrial hydraulic equipment mainly for construction machinery, stage mechanisms, naval equipment, and vibration damping devices. The Aviation Equipment segment produces takeoff and landing gear, steering gear, and control equipment for aircraft. The Company also manufactures and sells concrete mixers, powder and granule transport vehicles, special function vehicles, and electronic equipment.
KYB Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2017; Expects to Pay Second Quarter Dividend and Year End Dividend for the Fiscal Year Ending March 31, 2017