Yorozu Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2017
August 12, 2016
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Yorozu Corporation reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of ¥41,519 million compared to ¥41,344 million a year ago. Operating income was ¥1,087 million compared to ¥1,660 million a year ago. Ordinary income was ¥390 million compared to ¥2,101 million a year ago. Net income attributable to owners of parent was ¥863 million or ¥34.85 per share compared to ¥1,128 million or ¥45.19 per diluted share a year ago.
For the first half of fiscal year ending March 31, 2017, the company expects net sales of ¥83,000 million, operating income of ¥2,000 million, ordinary income of ¥500 million and net income attributable to owners of parent of ¥300 million or ¥12.11 per share.
For the fiscal year ending March 31, 2017, the company expects net sales of ¥164,000 million, operating income of ¥6,000 million, ordinary income of ¥6,000 million and net income attributable to owners of parent of ¥3,200 million or ¥129.19 per share.
YOROZU CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automotive mechanical parts, body parts and engine parts, and molds and equipment, as well as the development of business activities related to logistics, research and services related to each business. The Company operates through three regional segments including Japan, the Americas and Asia. The Company is involved in the manufacture and sale of automotive components, dies and facilities. The Company is also involved in the order receipt business, the development of parts, as well as the manpower dispatching and insurance agency business.
Yorozu Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2017