Aisan Industry Co. Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Fiscal Year ending March 31, 2018
October 29, 2017
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Aisan Industry Co. Ltd. reported consolidated and non-consolidated earnings results for the six months ended September 30, 2017. For the six months, on consolidated basis, the company reported net sales of JPY 105,272 million compared to JPY 102,706 million a year ago. Operating income was JPY 4,784 million compared to JPY 3,784 million a year ago. Ordinary income was JPY 5,398 million compared to JPY 2,718 million a year ago. Profit attributable to owners of parent was JPY 3,486 million or JPY 55.60 per share compared to JPY 1,746 million or JPY 27.87 per share a year ago. Capital expenditures were JPY 5,655 million compared to JPY 5,029 million a year ago.
For the six months, on non-consolidated basis, the company reported net sales of JPY 44,955 million compared to JPY 45,433 million a year ago. Operating income was JPY 128 million compared to operating loss of JPY 498 million a year ago. Ordinary income was JPY 1,043 million compared to ordinary loss of JPY 195 million a year ago. Profit was JPY 612 million or JPY 9.77 per share compared to loss of JPY 74 million or JPY 1.19 per share a year ago. Capital expenditures were JPY 2,165 million compared to JPY 2,173 million a year ago.
The company provided earnings guidance for the fiscal year ending March 31, 2018. The company expects consolidated net sales of JPY 207,000 million, operating income of JPY 9,200 million, ordinary income of JPY 9,600 million, profit attributable to owners of parent of JPY 5,900 million, capital expenditures of JPY 13,000 million, depreciation of JPY 11,000 million, research and development expenses of JPY 11,000 million and earnings per share of JPY 94.08.
AISAN INDUSTRY CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of automotive parts. The Company operates through four geographical segments including Japan, Asia, the Americas and Europe. The automotive parts business mainly manufactures and sells automotive parts such as fuel pump modules, throttle bodies, and canisters to domestic and overseas automakers. The non-automobile parts business is engaged in the transportation business of automobiles, civil engineering, and development and sales of computer systems and programs. The Companyâs main products include fuel pumps, fuel pump modules, canisters for motorcycles, engine valves, titanium engine valves for motorcycles and others.
Aisan Industry Co. Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Fiscal Year ending March 31, 2018