Koito Manufacturing Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Announces Dividend for the Second Quarter, Payable on December 05, 2017; Revises Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018
October 26, 2017 at 03:00 am EDT
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Koito Manufacturing Co. Ltd. reported consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported net sales of JPY 445,671 million against JPY 383,720 million a year ago. Operating income was JPY 49,688 million against JPY 39,748 million a year ago. Recurring profit was JPY 52,313 million against JPY 39,646 million a year ago. Profit attributable to owners of parent was JPY 29,156 million or JPY 181.35 per diluted share against JPY 22,929 million or JPY 142.63 per diluted share a year ago. Operating activities provided net cash of JPY 56.9 billion after payment of taxes, mainly reflecting income before income taxes of JPY 50.3 billion and depreciation of JPY 15.6 billion. Income before income taxes was JPY 50,323 million compared to JPY 38,520 million a year ago. Acquisition of property and equipment was JPY 19,262 million compared to JPY 16,228 million a year ago.
For the second quarter of fiscal 2018, the company announced a dividend of JPY 36.00 per share compared to JPY 20.00 per share paid a year ago. The dividend is payable on December 05, 2017.
For the fiscal year ending March 31, 2018, the company now expects consolidated net sales of JPY 822,000 million, operating income of JPY 97,000 million, recurring profit of JPY 100,000 million and profit attributable to owners of parent company of JPY 71,000 million or JPY 441.73 per share against previous forecast of net sales of JPY 804,000 million, operating income of JPY 92,000 million, recurring profit of JPY 94,000 million and profit attributable to owners of parent company of JPY 67,000 million or JPY 416.94 per share.
For the fiscal year ending March 31, 2018, the company expects non-consolidated net sales of JPY 335,000 million, operating income of JPY 37,000 million, recurring profit of JPY 55,000 million and net income of JPY 56,000 million or JPY 348.41 per share against previous forecast of net sales of JPY 330,000 million, operating income of JPY 35,000 million, recurring profit of JPY 52,000 million and net income of JPY 52,000 million or JPY 323.60 per share.
KOITO MANUFACTURING CO., LTD. is mainly engaged in the manufacture and sale of automotive lighting equipment, aircraft parts, railway vehicles parts, electrical equipment and measuring equipment. The Company mainly operates in six segments, including Japan, China, Asia, North America, Europe and Others. The Companyâs major products include light-emitting diode (LED) head lamps, discharge head lamps, headlights, sign lamps, high mount stop lamps, halogen bulbs, miniature bulbs and other lamp fittings, control equipment for rail vehicles, roads traffic signals, traffic control systems, roads and tunnels illumination lamps, facilities illumination lamps, accommodation equipment, aircraft parts, electronic parts, head lamps cleaners, sheets for aircraft and rail vehicles, as well as environment control equipment. The Company is also engaged in the development and manufacture of forward monitoring operation support systems for advanced driver-assistance systems (ADAS) through subsidiary.
Koito Manufacturing Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Announces Dividend for the Second Quarter, Payable on December 05, 2017; Revises Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018
KOITO MANUFACTURING CO., LTD. 
