Furuya Metal Co., Ltd. Reports Nonconsolidated Earnings Results for the First Half Year Ended December 31, 2013; Provides Earnings Guidance for the Year Ending June 30, 2014; Provides Dividend Guidance for the Year Ending June 30, 2014
February 26, 2014
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Furuya Metal Co., Ltd. reported nonconsolidated earnings results for the first half year ended December 31, 2013. For the period, the company reported net sales of JPY 14,643 million against JPY 14,613 million a year ago. Operating income was JPY 432 million against JPY 636 million a year ago. Ordinary income was JPY 454 million against JPY 625 million a year ago. Net loss was JPY 3,361 million or JPY 469.76 per share against net income of JPY 386 million or JPY 53.50 per share a year ago. Loss before income taxes was JPY 6,026 million against income before income taxes of JPY 621 million a year ago. Net cash provided by operating activities was JPY 188 million against 2,793 million a year ago. Purchase of property plant and equipment was JPY 362 million against 1,558 million a year ago.
For the year ending June 30, 2014, the company expects net sales of JPY 25,000 million, operating income of JPY 1,500 million, ordinary income of JPY 1,400 million and net income of JPY 2,800 million or JPY 391.26 per share.
For the year ending June 30, 2014, the company expects dividend of JPY 40 per share.
FURUYA METAL CO.,LTD is a Japan-based company engaged in manufacturing and sales of industrial precious metal products. The Company operates in four business segments. The Electronic segment is engaged in manufacturing and sales of electronic components used in electronic products. The Thin Film segment is engaged in manufacturing and sales of precious metal targets used for thin film. The Sensor Segment is engaged in manufacturing and sales of temperature sensor used for semiconductor equipment. The Other business segment is engaged in manufacturing and sales of precious metal compound, as well as collection and purification of precious metal.
Furuya Metal Co., Ltd. Reports Nonconsolidated Earnings Results for the First Half Year Ended December 31, 2013; Provides Earnings Guidance for the Year Ending June 30, 2014; Provides Dividend Guidance for the Year Ending June 30, 2014