Takeuchi Mfg. Co., Ltd. Reports Consolidated Earnings Results for the First Half Ended Aug. 31, 2015; Provides Dividend Guidance for the Fiscal Year Ending Feb. 2016; Provides Earnings Guidance for the Fiscal Year Ending Feb. 2016
October 13, 2015
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Takeuchi Mfg. Co., Ltd. reported consolidated earnings results for the first half ended Aug. 31, 2015. For the period, the company reported net sales of ¥46,866 million, operating income of ¥9,428 million, net income of ¥6,172 million or ¥125.98 per share compared with net sales of ¥37,743 million, operating income of ¥5,965 million, net income of ¥3,640 million or ¥74.30 per share for the same period last year. Net cash used in operating activities was ¥107 million compared with a positive cash flow of ¥1,345 million in the first half of the previous fiscal year. Income before income taxes and minority interests was ¥9,745,419,000 compared to ¥5,970,175,000 a year ago. Purchase of property, plant and equipment amounted to ¥1,039,135,000 compared to ¥508,501,000 a year ago. Purchase of intangible assets amounted ¥282,819,000 compared to ¥106,139,000 a year ago.
The company provided dividend guidance for the fiscal year ending Feb. 2016. For the year, the company expected ¥18.00 per share compared with ¥27.00 per share for the same period last year.
For the full year ending February 29, 2016, the company expected net sales of ¥82,000 million, operating income of ¥14,500 million, net income of ¥8,800 million or ¥179.61 per share.
Takeuchi Mfg Co Ltd is a Japan-based company principally engaged in the development, manufacture and sale of construction machinery. The Company operates its business through five geographical segments: Japan, the United Sates, the United Kingdom, France and China. The Companyâs main products are deep foundation excavators, disassembled electric mini backhoes, mini excavators and hydraulic excavators, as well as crawler loaders. It also provides standard machines, ultra-small turning machines, crawler loaders to the international market.
Takeuchi Mfg. Co., Ltd. Reports Consolidated Earnings Results for the First Half Ended Aug. 31, 2015; Provides Dividend Guidance for the Fiscal Year Ending Feb. 2016; Provides Earnings Guidance for the Fiscal Year Ending Feb. 2016