Ichikoh Industries, Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the First Half Year 2017 and Full Year Ending December 31, 2017
August 03, 2017
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Ichikoh Industries, Ltd. reported consolidated earnings results for the first quarter ended June 30, 2017. For the year, on consolidated basis, the company reported net sales of JPY 28,544 million compared to JPY 24,851 million a year ago. Operating income was JPY 724 million compared to JPY 318 million a year ago. Ordinary income was JPY 784 million compared to JPY 183 million a year ago. Net income attributable to the shareholder parent company was JPY 576 million compared to JPY 94 million a year ago. Net income per share was JPY 6.00 compared to JPY 0.99 a year ago. Income before income taxes and minority interests was JPY 598 million compared to JPY 106 million a year ago.
The company reported consolidated earnings guidance for the first half 2017 and full year ending December 31, 2017. For the first half, the company expects net sales of JPY 58,300 million. Operating income was JPY 2,000 million. Ordinary income was JPY 2,300 million. Net income belonging to the parent company was JPY 1,900 million. Net income per share was JPY 19.79.
For the full year, the company expects net sales of JPY 90,900 million. Operating income was JPY 3,800 million. Ordinary income was JPY 4,300 million. Net income belonging to the parent company was JPY 3,700 million. Net income per share was JPY 38.54.
ICHIKOH INDUSTRIES, LTD. is a Japan-based company mainly engaged in the manufacture and sale of automobile components. The Company operates in two business segments. The Automotive Parts business segment is mainly engaged in manufacture and sales of automotive lighting products and mirror products to automobile manufacturers. The Supplies business segment is engaged in manufacture and sales of automotive valves and wipers mainly for the aftermarket.
Ichikoh Industries, Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the First Half Year 2017 and Full Year Ending December 31, 2017