Musashi Seimitsu Industry Co., Ltd. Reports Consolidated Earnings Results for the Full Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2017 and Full year Ending March 31, 2018; Announces Year-End Dividend for the Full Year Ended March 31, 2017, Payable on June 26, 2017; Provides Dividend Guidance for the Second Quarter and Full Year Ending March 31, 2018
May 10, 2017
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Musashi Seimitsu Industry Co., Ltd. reported consolidated earnings results for the full year ended March 31, 2017. For the year, net sales were JPY 180,522 million against JPY 164,397 million a year ago. Operating profit was JPY 11,166 million against JPY 13,398 million a year ago. Ordinary profit was JPY 10,323 million against JPY 11,449 million a year ago. Profit attributable to owners of parent was JPY 6,315 million or JPY 185.01 per diluted share against JPY 6,809 million or JPY 199.49 per diluted share a year ago. Cash flows from operating activities were JPY 19,445 million against JPY 22,968 million a year ago. Profit before income taxes was JPY 10,068 million against JPY 10,092 million a year ago. Purchase of property, plant and equipment was JPY 12,096 million against JPY 9,325 million a year ago. Purchase of intangible assets was JPY 379 million against JPY 425 million a year ago.
The company announced year-end dividend of JPY 26 per share for the year ended March 31, 2017 compared to JPY 25 per share paid a year ago. Scheduled date to commence dividend payments is June 26, 2017.
The company provided dividend guidance for the second quarter and full year ending March 31, 2018. The company expects second quarter end dividend of JPY 27 per share compared to JPY 26 per share a year ago.
The company expects year-end dividend of JPY 27 per share for the year ending March 31, 2018 compared to JPY 26 per share paid a year ago.
For the six months ending September 30, 2017, the company expects to report net sales of JPY 106,000 million, operating income of JPY 6,000 million, ordinary income of JPY 5,700 million and profit attributable to owners of parent of JPY 3,200 million or JPY 102.58 per share.
For the full year ending March 31, 2018, the company expects to report net sales of JPY 213,000 million, operating income of JPY 13,000 million, ordinary income of JPY 12,500 million and profit attributable to owners of parent of JPY 7,800 million or JPY 250.05 per share.
Musashi Seimitsu Industry Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of automotive powertrain parts, suspension parts, steering parts, and transmission parts. The Company operates its business through five geographical segments: Japan, Americas, Asia, China and Europe. Its products are used in industries such as automobiles, machine tools, and industrial machines. Powertrain (PT) products includes planetary gear assemblies, differential gear assemblies, bevel gears, ring gears, camshafts, and balance shafts. The linkage and suspension (L&S) products include suspension arm assemblies, suspension ball joints, steering ball joints, and various joints for connection. Motorcycle products include motorcycle transmission gear assemblies, motorcycle camshafts, motorcycle kick starter components, other motorcycle drivetrain components, and general-purpose engine components.
Musashi Seimitsu Industry Co., Ltd. Reports Consolidated Earnings Results for the Full Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2017 and Full year Ending March 31, 2018; Announces Year-End Dividend for the Full Year Ended March 31, 2017, Payable on June 26, 2017; Provides Dividend Guidance for the Second Quarter and Full Year Ending March 31, 2018