Janome Sewing Machine Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2018 and Full Year Ending March 31, 2018
May 10, 2018
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Janome Sewing Machine Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2018. For the year, on consolidated basis, the company reported net sales of JPY 40,778 million, operating income of JPY 2,075 million, ordinary income of JPY 2,110 million, profit attributable to owners of parent of JPY 1,391 million or JPY 71.98 per basic share against net sales of JPY 38,855 million, operating income of JPY 2,477 million, ordinary income of JPY 2,137 million, profit attributable to owners of parent of JPY 1,607 million or JPY 83.14 per basic share a year ago. Income before income taxes was JPY 2,075 million against JPY 1,938 million a year ago. Net cash generated by operating activities was JPY 2,882 million against JPY 2,239 million a year ago. Purchase of property, plant and equipment was JPY 611 million against JPY 363 million a year ago. Purchase of intangible assets was JPY 144 million against JPY 90 million a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 28,366 million, operating income of JPY 438 million, ordinary income of JPY 948 million, net income of JPY 663 million or JPY 34.31 per share against net sales of JPY 29,172 million, operating income of JPY 651 million, ordinary income of JPY 1,323 million, net income of JPY 1,321 million or JPY 68.34 per share a year ago.
For the six months ending September 30, 2018, on consolidated basis, the company expects net sales to be JPY 20,000 million, operating income to be JPY 1,000 million, ordinary income to be JPY 950 million and net income to be JPY 650 million or JPY 33.62 per share.
For the full year ending March 31, 2018, on consolidated basis, the company expects net sales to be JPY 42,000 million, operating income to be JPY 2,500 million, ordinary income to be JPY 2,400 million and net income to be JPY 1,600 million or JPY 82.77 per share.
Janome Corp, formerly Janome Sewing Machine Co Ltd, is a Japan-based company mainly engaged in the household equipment business, the industrial equipment business and the information technology (IT) related business. The Company operates in three business segments. The Household Equipment segment is mainly engaged in the manufacture and sale of sewing equipment, 24-hour bath equipment and other household equipment. The Industrial Equipment segment is mainly engaged in the manufacture and sale of desktop robots, servo presses, die cast products and other industrial equipment. The IT Related segment is mainly engaged in the provision of IT software products and information processing services. The Company is also engaged in the provision of installation and maintenance services for 24-hour bath, as well as the real estate leasing business.
Janome Sewing Machine Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2018 and Full Year Ending March 31, 2018