ShinMaywa Industries, Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Second Quarter and Full Year of the Fiscal Year Ending March 31, 2017
July 29, 2016
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ShinMaywa Industries, Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 43,519 million against JPY 43,503 million a year ago. Operating income was JPY 1,660 million against JPY 4,445 million a year ago. Ordinary income was JPY 1,509 million against JPY 4,477 million a year ago. Profit attributable to owners of parent was JPY 951 million against JPY 2,909 million a year ago. Net income per share was JPY 9.75 against JPY 29.19 a year ago. Profit before income taxes was JPY 1,562 million against JPY 4,457 million a year ago.
The company provided earnings guidance for the second quarter and full year of the fiscal year ending March 31, 2017. For the quarter, the company expects net sales of JPY 94,500 million, operating income of JPY 4,000 million, ordinary income of JPY 4,200 million, profit attributable to owners of parent of JPY 2,700 million and net income per share of JPY 28.28.
For the full year, the company expects net sales of JPY 197,000 million, operating income of JPY 10,500 million, ordinary income of JPY 10,900 million, profit attributable to owners of parent of JPY 7,500 million and net income per share of JPY 78.56.
ShinMaywa Industries, Ltd. is mainly engaged in the aircraft business, the special vehicle business and other businesses. The Company operates in four segments. The Aircraft segment provides aircrafts, including rescue flying-boats and training support aircrafts, and aircraft parts. The Special Vehicle segment provides dump trucks, tail gate lifters, desorption body trucks, garbage cars and other special vehicles, as well as related parts. The Industrial Equipment and Environment System segment provides submersible pumps, water processing-related facilities and equipment, automatic electric cable processors, film formation equipment, direct drive motors, refuse transfer stations and others. The Parking System segment provides mechanical parking systems and boarding bridges for passenger aircrafts. The Company also involves in the construction of waste disposal facilities, the real estate and software development businesses.
ShinMaywa Industries, Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Second Quarter and Full Year of the Fiscal Year Ending March 31, 2017