Yutaka Giken Co. Ltd. Reports Consolidated Earnings Results for the Fiscal Year Ended March 31, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017 and for the Year Ending March 31, 2018
April 27, 2017
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Yutaka Giken Co. Ltd. reported consolidated earnings results for the fiscal year ended March 31, 2017. For the year, the company reported revenue of JPY 157,176 million against JPY 165,315 million a year ago. Operating profit was JPY 12,096 million against JPY 14,637 million a year ago. Profit before tax was JPY 11,336 million against JPY 13,451 million a year ago. Profit attributable to owners of parent was JPY 5,455 million against JPY 7,194 million a year ago. Basic earnings per share were JPY 368.09 against JPY 485.47 a year ago. Net cash flows from operating activities were JPY 16,809 million against JPY 21,488 million a year ago. Purchase of property, plant and equipment was JPY 11,033 million against JPY 13,503 million a year ago. Purchase of intangible assets was JPY 321 million against JPY 546 million a year ago.
For the six months ending September 30, 2017, the company expects consolidated revenue of JPY 79,000 million, operating profit of JPY 4,400 million, profit before tax of JPY 4,700 million, profit for the period of JPY 3,300, and profit attributable to owners of parent of JPY 2,400 million or JPY 161.96 per basic share.
For the year ending March 31, 2018, the company expects consolidated revenue of JPY 162,000 million, operating profit of JPY 11,700 million, profit before tax of JPY 12,000 million, profit for the period of JPY 7,800, and profit attributable to owners of parent of JPY 6,000 million or JPY 404.90 per basic share.
YUTAKA GIKEN CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of automotive components. The Company operates through five geographical segments include Japan, North America, Asia, China, others. The Companyâs main components include automotive components four wheels such as exhaust system components, drive system components and others, as well as automotive components two wheels, general-purpose components and other components. The Companyâs main products include torque converters, exhaust systems, brake discs, stator cores, rotors and others. The Company operates mainly in Japan, United States, Mexico, Philippines, Indonesia, China, United Kingdom, among others.
Yutaka Giken Co. Ltd. Reports Consolidated Earnings Results for the Fiscal Year Ended March 31, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017 and for the Year Ending March 31, 2018