Toyota Tsusho Corp. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
Toyota Tsusho Corp. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported operating income of ¥30,026 million, ordinary income of ¥43,392 million, profit before income taxes of ¥41,218 million, and net income attributable to owners of the parent of ¥21,399 million on net sales of ¥1,862,834 million against operating income of ¥30,562 million, ordinary income of ¥35,445 million, profit before income taxes of ¥34,686 million, and net income attributable to owners of the parent of ¥12,985 million on net sales of ¥2,138,417 million reported for the same period a year ago. Net cash provided by operating activities was ¥47,321 million compared to ¥63,043 million a year ago. Purchase of property, plant and equipment was ¥31,671 million compared to ¥16,068 million a year ago. Purchase of intangible assets was ¥6,640 million compared to ¥2,333 million a year ago.
The company provided earnings guidance for the year ending March 31, 2017. For the year ending March 31, 2017, the company expects operating income of ¥144.0 billion, ordinary income of ¥150.0 billion, and net income attributable to owners of the parent of ¥70.0 billion on net sales of ¥7,300.0 billion.
Toyota Tsusho Corp is a Japan-based company engaged in the trading of various products, the manufacture, processing, sale and investment of the related products, as well as the provision of services. The Company operates in seven business segments. The Metals segment processes, manufactures, treats, and sells steel products and nonferrous metal ingots, among others. The Global Components & Logistics segment manufactures and assembles mobility parts and develops, designs, and sells mobility accessories. The Mobility segment sells and services vehicles and vehicle parts. The Machinery, Energy and Plant Projects segment provides manufacturing and distribution equipment, parts and tools, and construction equipment. The Chemicals & Electronics segment provides automotive components, semiconductors and electronic components. The Foods & Lifestyle Segment provides processed foods, and food ingredients. The Africa segment operates mobility, healthcare, consumer, and infrastructure businesses.
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Toyota Tsusho Corp. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
