Honma Golf Limited Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
September 17, 2016
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Honma Golf Limited reported consolidated earnings results for the year ended March 31, 2016. For the year, the company reported revenue of JPY 22,368,761,000 against JPY 18,525,092,000 a year ago. Profit before tax was JPY 3,959,136,000 against JPY 2,003,602,000 a year ago. Net profit was JPY 3,564,540,000 against JPY 2,302,069,000 a year ago. Adjusted net profit was JPY 3,390,234,000 against JPY 2,278,272,000 a year ago. Capital expenditures were JPY 529.2 million against JPY 402.8 million a year ago. Return on assets was 17.8% against 13.1% a year ago. Return on equity was 64.5% against 65.5% a year ago. Profit for the year attributable to owners of the parent was JPY 3,569,201,000 against JPY 2,303,775,000 a year ago. Net cash flow generated from operating activities was JPY 1,430,499,000 against net cash used in operating activities of JPY 136,842,000 a year ago. Purchases of items of property, plant and equipment and intangible assets were JPY 529,195,000 against JPY 402,796,000 a year ago.
For the year ending March 31, 2017, the company estimates tangible assets investment will be approximately JPY 413.0 million, which will be primarily used for equipment purchases at its Sakata Campus to maintain its production capacity.
Honma Golf Limited is a Japan-based investment holding company. The Company, along with its subsidiaries, is principally engaged in the research, design, manufacturing and sales of golf related products. The Company mainly operates two segments, including sales of goods, which include golf clubs, golf balls and apparel, accessories and other related products, as well as rendering of services, which primarily include maintenance and repair services for the golf clubs. The Company operates its business worldwide, primarily in Asia and also across North America, Europe and other regions. The Companyâs subsidiaries include Seiyou Holdings Limited, Honma Holdings Group Limited, Honma Golf Co., Ltd, as well as World Power International Trading (Shanghai) Company Limited, among others.
Honma Golf Limited Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017