Yutaka Giken Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
January 31, 2017
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Yutaka Giken Co. Ltd. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported revenue of JPY 114,887 million against JPY 120,833 million a year ago. Operating profit was JPY 8,957 million against JPY 9,936 million a year ago. Profit before tax was JPY 8,314 million against JPY 9,232 million a year ago. Profit attributable to owners of parent was JPY 4,553 million against JPY 4,956 million a year ago. Basic earnings per share were JPY 307.25 against JPY 334.44 a year ago. Net cash flows from operating activities were JPY 10,302 million against JPY 16,477 million a year ago. Purchase of property, plant and equipment was JPY 7,833 million against JPY 10,996 million a year ago. Purchase of intangible assets was JPY 265 million against JPY 424 million a year ago.
For the year ending March 31, 2017, the company expects consolidated revenue of JPY 151,000 million, operating profit of JPY 11,200 million, profit before tax of JPY 10,200 million and profit attributable to owners of parent of JPY 5,100 million or JPY 344.16 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 Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017