Piolax Inc. Announces Consolidated Financial Results for the Nine Moths Ended December 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016
February 07, 2016
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Piolax Inc. announced consolidated financial results for the nine months ended December 31, 2015. For the period, the company reported net sales of ¥47,619 million against ¥44,309 million a year ago. Operating income was ¥6,959 million against ¥6,350 million a year ago. Ordinary income was ¥7,727 million against ¥7,007 million a year ago. Net income was ¥5,494 million or ¥460.25 per share against ¥4,906 million or ¥394.44 per share a year ago. Net income before taxes and other adjustments was ¥7,727 million against ¥7,007 million a year ago.
For the year ending March 31, 2016, the company expects net sales of ¥63,000 million, operating income of ¥8,300 million, ordinary income of ¥8,800 million and net income attributable to owners of company of ¥5,900 million or ¥494.20 per share.
PIOLAX, INC. is a Japan-based company principally engaged in the manufacture and sale of automotive related products. The Company operates in two business segments. Automotive Related Business segment is mainly involved in the manufacture and sale of precision springs, industrial fasteners, as well as small unit parts that combine resin and metal to the automobile industry. Medical Equipment Business segment is involved in the manufacture and sale of interventional radiology (IVR), endoscopic treatment, and orthopedic treatment equipment to medical institutions.
Piolax Inc. Announces Consolidated Financial Results for the Nine Moths Ended December 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016