Mitsui Sugar Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the First Six Months of 2016 and for Financial Year Ending March 31, 2017
July 28, 2016
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Mitsui Sugar Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2016. For the quarter the company announced net sales of JPY 25,860 million compared to JPY 24,778 million a year ago. Operating income was JPY 1,534 million compared to JPY 1,295 million a year ago. Ordinary income was JPY 3,323 million compared to JPY 3,099 million a year ago. Profit attributable to owners of parent was JPY 2,073 million compared to JPY 1,912 million a year ago. Earnings per share was JPY 15.53 compared to JPY 14.32 a year ago.
For the first six months of 2017, the company expects net sales of JPY 51,000 million, operating income of JPY 2,200 million, ordinary income of JPY 5,500 million, profit attributable to owners of parent of JPY 3,300 million and earnings per share of JPY 24.71.
For the financial year ending March 31, 2017, the company expects net sales of JPY 104,000 million, operating income of JPY 5,000 million, ordinary income of JPY 12,000 million, profit attributable to owners of parent of JPY 7,600 million and earnings per share of JPY 284.59.
Mitsui DM Sugar Holdings Co Ltd, formerly Mitsui Sugar Co Ltd, is a Japan-based company mainly engaged in the manufacture and sale of raw sugar, refined sugar and sugar-related products. The Company operates in three business segments. The Sugar segment is engaged in the manufacture and sale of raw sugar, refined sugar and sugar-related products. The Food Science segment is engaged in the manufacture and sale of natural sweeteners, pigments, flavors, sugarcane extract, agar, bio products, nutritional therapy foods, and foods for swallowing disorders. The Real Estate segment is engaged in the leasing of land, stores and offices, as well as the provision of solar power generation business.
Mitsui Sugar Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the First Six Months of 2016 and for Financial Year Ending March 31, 2017