Rasa Corporation Announces Consolidated Earnings Results for First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Six Months and Full Year Ending March 31, 2017; Provides Dividend Guidance for the Six Months and Full Year Ending March 31, 2017
July 29, 2016
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Rasa Corporation announced consolidated earnings results for first quarter ended June 30, 2016. For the quarter, the company reported net sales were ¥6,502 million against ¥6,378 million for the same period in the last year. Operating income was ¥198 million against ¥66 million for the same period in the last year. Ordinary income was ¥209 million against ¥80 million for the same period in the last year. Profit attributable to owners of parent was ¥125 million or ¥11.02 per share against ¥46 million or ¥4.05 per share for the same period in the last year.
For first six months, the company expects net sales of ¥14,000 million, ordinary income of ¥50 million, profit attributable to owners of parent of ¥32 million and net income per share of ¥2.80.
For the fiscal year, the company expects net sales of ¥32,000 million, operating income of ¥850 million, ordinary income of ¥950 million, profit attributable to owners of parent of ¥608 million and net income per share of ¥53.26.
The company provided dividend guidance for the first half and full year ending March 31, 2017. For the first half, the company expects to pay dividend of ¥7.50 per share compared to ¥7.50 paid for the same period a year ago.
For the year, the company expects to pay dividend of ¥7.50 per share compared to ¥7.50 paid for the same period a year ago.
Rasa Corporation is mainly engaged in resource and metallic materials related business. The Company operates in six business segments. The Resources and Metallic Materials-related segment imports, exports and sells mineral products, mainly including zircon sand, and other goods. The Industrial and Construction Equipment-related segment engages in sale and maintenance of delivery equipment, and sale, rental and maintenance of shield tunneling machines and other construction machines. The Environment Facilities-related segment imports and sells high-pressure pumps. The Plant and Equipment Construction-related segment engages in design, construction and maintenance work related to plant and related equipment construction in various fields. The Chemical-related Products segment involves in the production and sale of plastics and chemicals. The Real Estate Rental-related segment leases real estate properties.
Rasa Corporation Announces Consolidated Earnings Results for First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Six Months and Full Year Ending March 31, 2017; Provides Dividend Guidance for the Six Months and Full Year Ending March 31, 2017