Shoei Co., Ltd. Reports Consolidated Financial Results for the First Quarter Ended December 31, 2015; Provides Earnings Guidance for the Fiscal Year Ending September 30, 2016
January 30, 2016 at 03:58 pm IST
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Shoei Co., Ltd. reported consolidated financial results for the first quarter ended December 31, 2015. For the quarter, the company reported operating income of ¥451.340 million, income before income taxes and minority interests of ¥493.614 million and profit attributable to owners of parent of ¥323.731 million or ¥23.50 per basic share on net sales of ¥2,561.186 million against operating income of ¥479.061 million, income before income taxes and minority interests of ¥412.459 million and profit attributable to owners of parent of ¥272.863 million or ¥19.81 per basic share on net sales of ¥2,589.347 million for the same period of last year. Net cash provided by operating activities was ¥2,666 million against ¥1,441 million for the same period of last year. Purchases of property, plant and equipment was ¥447 million against ¥356 million for the same period of last year.
For the fiscal year ending September 30, 2016, the company expects operating income and ordinary income of ¥2,550 million and net income of ¥1,720 million or ¥124.89 per basic share on net sales of ¥14,420 million.
SHOEI CO., LTD. is a Japan-based company mainly engaged in the manufacturing and sales of motorcycle helmets. The Company is engaged in the manufacturing and sales of helmets for motorcycles, government and other official use, as well as the sales of helmet parts and other products. Through its subsidiaries, the Company is also engaged in the agency administration business and marketing business, as well as the sales of helmets and related components in the Europe and North American areas.
Shoei Co., Ltd. Reports Consolidated Financial Results for the First Quarter Ended December 31, 2015; Provides Earnings Guidance for the Fiscal Year Ending September 30, 2016