Yorozu Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2018
August 10, 2017 at 10:32 am EDT
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Yorozu Corporation reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of ¥42,848 million compared to ¥41,519 million a year ago. Operating income was ¥1,278 million compared to ¥1,087 million a year ago. Ordinary income was ¥1,748 million compared to ¥390 million a year ago. Net income attributable to owners of parent was ¥1,164 million compared to ¥863 million a year ago. Net income per share (diluted) was ¥48.29.
For the first half of fiscal year ending March 31, 2018, on consolidated basis, the company expects net sales of ¥82,000 million, operating income of ¥1,600 million, ordinary income of ¥1,900 million and net income attributable to owners of parent of ¥1,000 million or ¥42.07 per share.
For the fiscal year ending March 31, 2018, on consolidated basis, the company expects net sales of ¥166,000 million, operating income of ¥4,100 million, ordinary income of ¥4,400 million and net income attributable to owners of parent of ¥2,500 million or ¥105.18 per share.
YOROZU CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automotive mechanical parts, body parts and engine parts, and molds and equipment, as well as the development of business activities related to logistics, research and services related to each business. The Company operates through three regional segments including Japan, the Americas and Asia. The Company is involved in the manufacture and sale of automotive components, dies and facilities. The Company is also involved in the order receipt business, the development of parts, as well as the manpower dispatching and insurance agency business.
Yorozu Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2018