Japan Cash Machine Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Second Quarter of Fiscal 2017 and Full Year Ending March 31, 2017; Provides Dividend Guidance for the Second Quarter of Fiscal 2017 and Full Year Ending March 31, 2017
August 01, 2016
Share
Japan Cash Machine Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. Net sales were ¥7,398 million compared to ¥7,148 million a year ago. Operating income was ¥374 million compared to ¥260 million a year ago. Net loss attributable to owners of the parent was ¥305 million or ¥11.32 per basic share compared to net income attributable to owners of the parent of ¥263 million or ¥9.78 per basic share a year ago. Ordinary loss was ¥134 million compared to ordinary income of ¥429 million a year ago. Loss before income taxes was ¥136.780 million compared to profit before income taxes of ¥428.391 million for the last year. Net cash provided by operating activities was ¥470.358 million compared to net cash used in operating activities of ¥528.721 million a year ago. Purchase of plant and equipment were ¥81.846 million compared to ¥70.035 million a year ago.
For the second quarter of 2017, the company expected net sales of ¥14,700 million, operating income of ¥700 million, ordinary income of ¥600 million and net income attributable to owners of the parent of ¥400 million or ¥14.83 per share.
For the fiscal year ending March 31, 2017, the company expected net sales of ¥30,000 million, operating income of ¥1,500 million, ordinary income of ¥1,500 million and net income attributable to owners of the parent of ¥900 million or ¥33.36 per share.
For the second quarter of 2017, the company expects to pay a dividend of ¥8.50 per share.
For the fiscal year ending March 31, 2017, the company expects to pay a year-end dividend of ¥8.50 per share.
JAPAN CASH MACHINE CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of cash related equipment. The Company operates through four business segments. The Global Gaming segment is mainly engaged in the manufacture and sale of banknote validators and banknote circulation units for casino halls and original equipment manufacturer (OEM) customers, as well as printer products for gaming. The Overseas Commercial segment is mainly engaged in the manufacture and sale of banknote validators and banknote circulation units for overseas banking, retail and transportation markets. The Domestic Commercial segment is mainly engaged in the manufacture and sale of banknote circulation units, change equipment and currency exchange equipment for domestic banking, retail and transportation markets. The Amusement Equipment segment is mainly engaged in the manufacture and sale of ball lending equipment, medal lending equipment and other related equipment.
Japan Cash Machine Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Second Quarter of Fiscal 2017 and Full Year Ending March 31, 2017; Provides Dividend Guidance for the Second Quarter of Fiscal 2017 and Full Year Ending March 31, 2017