Hosokawa Micron Corporation Reports Consolidated Earnings Results for the Six Months Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending September 30, 2017
May 11, 2017
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Hosokawa Micron Corporation reported consolidated earnings results for the six months ended March 31, 2017. For the six months, the company reported net sales of ¥23,087 million against ¥21,221 million a year ago. Operating profit was ¥2,171 million compared with ¥1,393 million a year ago. Ordinary profit was ¥2,301 million compared with ¥1,376 million a year ago. Net income was ¥1,635 million or ¥194.65 per diluted share compared with ¥959 million or ¥114.25 per diluted share a year ago. Income before income taxes was ¥2,312 million against ¥1,428 million for the same period of last year. Net cash provided by operating activities was ¥3,103 million against ¥1,465 million for the same period of last year. Purchase of property, plant and equipment was ¥415 million against ¥279 million for the same period of last year. Purchase of intangible assets was ¥46 million against ¥34 million for the same period of last year.
For the year ending September 30, 2017, the company expects net sales of ¥45,000, operating profit of ¥3,750 million, ordinary profit of ¥3,750 and net income of ¥2,550 million or ¥304.58 per basic share.
HOSOKAWA MICRON CORPORATION is a Japan-based company mainly engaged in the powder related business and the plastic thin film related business. The Company operates through two business segments. The Powder-related segment provides crushing and classification equipment, mixing and drying equipment, particle design and granulation equipment, measuring equipment and lab equipment, dust collection equipment, containment equipment, powder processing contracts and functional composite materials. The Plastic Thin Film related segment is engaged in the development, manufacture and sale of various types of plastic multilayer high-performance film thin film production equipment. The main products are fine pulverizers, ultra-fine pulverizers, classifiers, mixers, dryers, nano composite particle manufacturing equipment, granulators, measuring machines, dust collectors, safety booths and isolators.
Hosokawa Micron Corporation Reports Consolidated Earnings Results for the Six Months Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending September 30, 2017