HIRANO TECSEED Co. Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2018; Announces Year End Dividend for the Fiscal Year Ended March 31, 2018, Payable on June 28, 2018; Provides Dividend Guidance for the Second quarter and Year End of Fiscal Year Ending March 31, 2019; Provides Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2019
May 10, 2018
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HIRANO TECSEED Co. Ltd. announced consolidated earnings results for the year ended March 31, 2018. For the year, the company reported net sales of JPY 20,738.206 million against JPY 19,651.317 million for the same period a year ago. Operating profit was JPY 2,924.161 million against JPY 3,021.338 million for the same period a year ago. Ordinary profit was JPY 2,982.418 million against JPY 3,075.701 million for the same period a year ago. Profit attributable to owners of parent was JPY 2,088.204 million against JPY 2,281.700 million for the same period a year ago. Basic earnings per share were JPY 138.81 against JPY 151.67 for the same period a year ago. Rate of return on equity was 8.7% against 10.3% for the same period a year ago. Net cash used in operating activities was JPY 601.423 million against JPY 344.319 million for the same period a year ago. Profit before income taxes was JPY 2,972.318 million against JPY 3,083.521 million for the same period a year ago. Purchase of property, plant and equipment was JPY 192.229 million against JPY 865.751 million for the same period a year ago. Purchase of intangible assets was JPY 18.069 million against JPY 56.877 million for the same period a year ago.
The company announced year end dividend of JPY 17.00 per share for the fiscal year ended March 31, 2018 against JPY 16.00 per share paid a year ago. The dividend is payable on June 28, 2018.
The company expects to pay second quarter of fiscal year 2019 dividend of JPY 18.00 per share against JPY 13.00 per share paid a year ago.
For the year end of fiscal year 2019, the company expects to pay a dividend of JPY 18.00 per share against JPY 17.00 per share for the fiscal year ended March 31, 2018.
The company provided earnings guidance for the first half and full year of fiscal year ending March 31, 2019. For the first half, the company expects net sales of JPY 14,000 million, operating income of JPY 1,760 million, ordinary income of JPY 1,800 million, net income attributable to owners of parent of JPY 1,260 million and basic earnings per share of JPY 83.76.
For the year, the company expects net sales of JPY 30,000 million, operating income of JPY 3,950 million, ordinary income of JPY 4,000 million, net income attributable to owners of parent of JPY 2,800 million and basic earnings per share of JPY 186.12.
HIRANO TECSEED Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of coating machines-related and chemical machines-related equipment, among others. The Coating Machines-related segment manufactures and sells coating and laminating-related machines such as magnetic tapes, composite films for wrapping, adhesive tapes, synthetic leathers, floor materials, wallpaper, decorative sheets, insulating plates, as well as drying and heat disposal machines, among others. The Chemical Machines-related segment manufactures and sells macromolecular chemical machines such as machines for plastic films, film formations, electrical printed circuit boards (PCBs) and ceramic sheet moldings, high-heat processing equipment, drying and heat disposal machines and others. The Others segment manufactures and sells dyeing machines and various machinery parts, as well as provides repair and remodeling services.
HIRANO TECSEED Co. Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2018; Announces Year End Dividend for the Fiscal Year Ended March 31, 2018, Payable on June 28, 2018; Provides Dividend Guidance for the Second quarter and Year End of Fiscal Year Ending March 31, 2019; Provides Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2019
HIRANO TECSEED CO.,LTD. 
