Ryosan Company, Limited Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Revises Earnings Guidance for the Year Ending March 31, 2017
Ryosan Company, Limited reported consolidated earnings results for the six months ended September 30, 2016. For the six months, net sales were ¥101,884 million against ¥116,770 million last year. Operating income was ¥1,877 million against ¥2,845 million last year. Ordinary income was ¥2,345 million against ¥2,658 million last year. Profit before income taxes was ¥2,345 million against ¥2,663 million last year. Profit attributable to owners of parent was ¥1,703 million or ¥58.13 per basic share against ¥1,839 million or ¥59.30 per basic share last year. Net cash provided by operating activities was ¥2,447 million against net cash used in operating activities ¥205 million last year. Purchase of property, plant and equipment was ¥42 million against ¥64 million last year. Purchase of intangible assets was ¥177 million against ¥222 million last year.
For the year ending March 31, 2017, the company expects net sales of ¥215,000 million, operating income of ¥4,400 million, ordinary income of ¥4,900 million, and profit attributable to owners of parent of ¥3,600 million or ¥123.78 per basic share against previous guidance of net sales of ¥230,000 million, operating income of ¥5,600 million, ordinary income of ¥5,600 million, and profit attributable to owners of parent of ¥3,700 million or ¥125.57 per basic share.