Sanwa Holdings Corporation Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Fourth Quarter and Year Ending March 2017
January 31, 2017 at 05:00 pm IST
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Sanwa Holdings Corporation announced consolidated earnings results for the nine months ended December 31, 2016. For the nine-month period, the company's net sales were ¥236.203 billion compared with ¥241.946 billion a year ago. Operating income was ¥11.575 billion compared with ¥10.073 billion a year ago. Ordinary income was ¥10.569 billion compared with ¥9.533 billion a year ago. Profit attributable to owners of parent was ¥6.037 billion or ¥26.30 per diluted share compared with ¥5.485 billion or ¥23.48 per diluted share a year ago.
For the fourth quarter ending March 2017, the company forecasts net sales of ¥120,796 million, operating income of ¥16,624 million, ordinary income of ¥16,930 million and profit attributable to owners of parent of ¥10,662 million.
For the year ending March 2017, the company forecasts net sales of ¥367 billion, operating income of ¥28.2 billion, ordinary income of ¥27.5 billion and profit attributable to owners of parent of ¥16.7 billion or ¥73 per share.
Sanwa Holdings Corporation is a Japan-based company mainly engaged in the manufacture and sale of building and commercial facility construction materials, as well as the provision of maintenance and renovation services. The Company operates in three geological segments, including Japan segment, North America segment and Europe segment. Its products include shutters and related products, doors for buildings, partitions, stainless products, front desk products, windows, doors for housing, exterior products, garage doors for houses, and vehicle doors, etc.
Sanwa Holdings Corporation Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Fourth Quarter and Year Ending March 2017