Tomoegawa Co., Ltd. Announces Consolidated Earnings Results for the Full Year Ended March 31, 2017; Provides Earnings Guidance for the First Half and Full Year of 2018
May 11, 2017
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Tomoegawa Co., Ltd. announced consolidated earnings results for the full year ended March 31, 2017. For the period, the company reported revenues of JPY 32,379 million compared with JPY 33,502 million for the same period a year ago. Operating income was JPY 863 million compared with JPY 290 million for the same period a year ago. Ordinary income was JPY 465 million. Net income attributable to owners of the parent was JPY 252 million or JPY 4.96 per share.
The company provided earnings guidance for the first half and full year of 2018. For the first half, the company expects to report revenues of JPY 16,000 million, operating income of JPY 150 million, ordinary income of JPY 100 million and net income attributable to owners of the parent of JPY 0 million or JPY 0 per share.
For the full year, the company expects to report revenues of JPY 33,000 million, operating income of JPY 500 million, ordinary income of JPY 500 million and net income attributable to owners of the parent of JPY 100 million or JPY 1.96 per share.
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. Announces Consolidated Earnings Results for the Full Year Ended March 31, 2017; Provides Earnings Guidance for the First Half and Full Year of 2018