Tomoegawa Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Revised Earnings Guidance for the Fiscal Year Ending on March 31, 2018
February 08, 2018
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Tomoegawa Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2017. For the nine months, revenue was ¥26,561 million against ¥23,557 million a year ago. Operating income was ¥1,183 million against ¥296 million a year ago. Ordinary income was ¥1,095 million against ¥91 million a year ago. Net income attributable to owners of parent was ¥694 million against loss of ¥283 million a year ago. Net income per share was ¥13.63 against loss of ¥5.56 a year ago.
For the fiscal year ending March 31, 2018, the company released its upward revision where revenue was adjusted upward to ¥350 million, operating income ¥11 million, ordinary income ¥10 million and net income ¥6 million, respectively.
Tomoegawa Corp, formerly Tomoegawa Co Ltd, is a Japan-based company mainly engaged in the manufacture of toner and electronic materials, as well as paper manufacturing and coated paper-related businesses. The Company operates business through five segments. The toner segment is engaged in the production and sale of toner. The electronic materials segment is engaged in the production and sale of flat panel display (FPD) related products and semiconductor related products. The functional paper segment produces and sells paper-related products, functional paper-related products, and coated paper-related products. The security media segment is engaged in the manufacture, processing, and sale of securities, cards, forms, magnetic recording-related products, as well as information processing-related businesses. The new development business is engaged in the development and sale of new products by integrating the basic and elemental technologies owned by the group.
Tomoegawa Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Revised Earnings Guidance for the Fiscal Year Ending on March 31, 2018
TOMOEGAWA CORPORATION 
