Kanamoto Company Ltd. Announces Consolidated Earnings Results for the Six Months Ended April 30, 2016; Provides Earnings Guidance for the Year Ending October 31, 2016
June 21, 2016 at 12:30 pm EDT
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Kanamoto Company Ltd. announced consolidated earnings results for the six months ended April 30, 2016. For the period, the company's net sales were ¥68,642 million compared with ¥68,307 million a year ago. Operating income was ¥8,605 million compared with ¥10,652 million a year ago. Ordinary income was ¥8,246 million compared with ¥10,655 million a year ago. Profit attributable to owners of parent was ¥4,967 million or ¥140.57 per share compared with ¥6,528 million or ¥181.14 per share a year ago. Income before income taxes and minority interests was ¥8,195 million compared with ¥10,735 million a year ago. Net cash provided by operating activities was ¥16,666 million compared with ¥17,596 million a year ago. Purchase of property, plant and equipment was ¥1,235 million compared with ¥1,680 million a year ago. Purchase of intangible assets was ¥58 million compared with ¥15 million a year ago.
For the year ending October 31, 2016, the company projects net sales of ¥143,200 million, operating income of ¥14,630 million, ordinary income of ¥14,100 million, profit attributable to owners of parent of ¥8,550 million or ¥241.94 per share.
Kanamoto Co., Ltd. is primarily engaged in the construction related business. The Construction-related segment is engaged in rental and sale of construction related machinery and equipment, such as foundation machines, construction cranes, temporary houses, security supplies and others.
Kanamoto Company Ltd. Announces Consolidated Earnings Results for the Six Months Ended April 30, 2016; Provides Earnings Guidance for the Year Ending October 31, 2016