Sekisui Jushi Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 2016, Provides Earnings Guidance for the September 2016 Quarter and Full Year Ending March 31, 2017
July 26, 2016 at 12:00 pm EDT
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Sekisui Jushi Corporation announced consolidated earnings results for the first quarter ended June 2016. For the quarter, the company reported net sales of JPY 14,213 million against JPY 15,765 million for the same period a year ago. Operating income was JPY 1,756 million against JPY 1,759 million for the same period a year ago. Profit attributable to owners of parent was JPY 1,143 million or JPY 25.74 per basic share against JPY 1,063 million or JPY 23.93 for the same period a year ago.
The company provided consolidated earnings guidance for the September 2016 quarter. For the quarter, the company expects net sales to be JPY 31,000 million, operating income of JPY 3,500 million, ordinary income of JPY 3,550 million, profit attributable to owners of parent of JPY 2,200 million or JPY 49.52 per basic share.
The company provided consolidated earnings guidance for the year ending March 31, 2017. For the year, the company expects net sales to be JPY 70,300 million, operating income of JPY 9,800 million, ordinary income of JPY 9,950 million, profit attributable to owners of parent of JPY 6,500 million or JPY 146.31 per basic share.
Sekisui Jushi Corporation is a Japan-based manufacturing company mainly engaged in the transportation and landscape related products, sports facilities related products, living and construction products, integrated logistics materials related products business. The Company operates in two segments. The Public segment manufactures, processes and sells soundproof wall materials, traffic safety products, signs, thermal insulation pavement, protective fence, high field, shelter, artificial turf and others. The Private segment manufactures, process and sells mesh fences, artificial timber, meta color building materials, aluminum resin laminated composite boards, packaging bands, stretch films and others.
Sekisui Jushi Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 2016, Provides Earnings Guidance for the September 2016 Quarter and Full Year Ending March 31, 2017