Tsubakimoto Kogyo Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 2016; Provides Earnings and Dividend Guidance for the Full Year Ending March 31, 2017
January 27, 2017 at 09:30 pm IST
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Tsubakimoto Kogyo Co., Ltd. announced consolidated earnings results for the nine months ended December 2016. For the period, the company reported net sales of JPY 62,186 million compared to JPY 62,903 million a year ago. Operating income was JPY 1,496 million compared to JPY 1,460 million a year ago. Ordinary income was JPY 1,711 million compared to JPY 1,651 million a year ago. Profit attributable to owners of parent was JPY 1,085 million or JPY 34.13 per basic share compared to JPY 1,113 million or JPY 34.98 per basic share a year ago.
For the year ending March 31, 2017, the company expects net sales of JPY 90,000 million, operating income of JPY 2,350 million, ordinary income of JPY 2,480 million and profit attributable to owners of parent company of JPY 1,580 million or JPY 49.65 per basic share.
The company provided dividend guidance for the full year ending March 31, 2017. For the period, the company expects to pay dividend of JPY 7 per share compared to dividend of JPY 10 per share paid a year ago.
TSUBAKIMOTO KOGYO CO.,LTD. is a Japan-based company mainly engaged in the sale of automated and labor-saving products such as machine parts and transport equipment. The Company operates in three business segments. The East Japan Headquarters segment and West Japan Headquarters segment provide various drive components such as transmissions and reduction gears, various transport components such as conveyor chains, control devices, various sensors, electronic devices, other transmission devices, clean energy-related equipment, pharmaceutical-related equipment, chemical machinery, water treatment equipment, food machinery, other environmental equipment, machine tools, industrial robots, various conveyors, various automation equipment and automatic sorting equipment. The Development Strategy Division segment provides various nonwoven fabrics, processed products, various synthetic resin molding machines and molded products, and functional materials overseas.
Tsubakimoto Kogyo Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 2016; Provides Earnings and Dividend Guidance for the Full Year Ending March 31, 2017