Tomoegawa Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
February 10, 2017
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Tomoegawa Co., Ltd. announced consolidated earnings results for the nine months ended December 31, 2016. For the nine months, the company announced revenue of JPY 23,557 million against JPY 25,045 million a year ago. Operating income was JPY 296 million against JPY 58 million a year ago. Net income attributable to owners of parent company was JPY 283 million or JPY 5.56 per share against JPY 342 million or JPY 6.71 per share a year ago.
The company provided earnings guidance for the full year ending March 31, 2017. The company expects to report revenue of JPY 33,000 million, operating income of JPY 300 million, net income attributable to owners of parent of JPY 40 million or JPY 0.98 per share.
Tomoegawa Corp, formerly Tomoegawa Co Ltd, is a Japan-based company mainly engaged in the manufacture of toner and electronic materials, as well as paper manufacturing and coated paper-related businesses. The Company operates business through five segments. The toner segment is engaged in the production and sale of toner. The electronic materials segment is engaged in the production and sale of flat panel display (FPD) related products and semiconductor related products. The functional paper segment produces and sells paper-related products, functional paper-related products, and coated paper-related products. The security media segment is engaged in the manufacture, processing, and sale of securities, cards, forms, magnetic recording-related products, as well as information processing-related businesses. The new development business is engaged in the development and sale of new products by integrating the basic and elemental technologies owned by the group.
Tomoegawa Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
TOMOEGAWA CORPORATION 
