Y.A.C. Co., Ltd. Revises Earnings Guidance for the Year Ended March 31, 2016
May 13, 2016
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Y.A.C. Co., Ltd. revised earnings guidance for the year ended March 31, 2016 due to Yen currency exchange rate at the end of March, 2016 was stronger than estimated and addition to this tax paying amount of consolidated subsidiary is prospected to be higher than estimated. For the period, the company expects net sales of JPY 25,545 million from the previous forecast of JPY 26,500 million, operating income of JPY 807 million from the previous forecast of JPY 800 million, net Income of JPY 28 million from the previous forecast of JPY 360 million, net income per share of JPY 3.14 million from the previous forecast of JPY 40.32 million.
Y.A.C. HOLDINGS CO., LTD. is a Japan-based company mainly engaged in the development, design, manufacture, sale and maintenance of display related products, mechatronics related products and cleaning related products. The Company operates in three business segments. The Display Related segment is engaged in the manufacture and sale of liquid crystal related products and precision heat treatment related products, as well as the provision of related services. The Mechatronics Related segment is engaged in the manufacture and sale of hard disk products, semiconductor products, energy saving and clean energy products, solar cell products, industrial instrument products, control communication products, laser process products, precision cutting products and other products, as well as the provision of related services. The Cleaning Related and Other segment is engaged in the manufacture and sale of cleaning products and mold heating products, as well as the provision of related services.