KYB Corporation Announces Consolidated Earnings Results for the Fiscal First Half Year Ended September 30, 2016; Announces Dividend for the Second Quarter Ended September 30, 2016; Provides Earnings and Dividend Guidance for the Year Ending March 31, 2017
November 06, 2016
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KYB Corporation announced consolidated earnings results for the fiscal first half year ended September 30, 2016. For the period, the company reported net sales of JPY 172,929 million compared to JPY 179,852 million a year ago. Operating profit was JPY 6,873 million compared to operating loss of JPY 179 million a year ago. Profit before tax was JPY 6,802 million compared to loss before tax of JPY 556 million a year ago. Profit attributable to owners of the parent was JPY 5,615 million or JPY 21.98 per basic share compared to loss attributable to owners of the parent of JPY 3,127 million or JPY 12.24 per basic share a year ago. Net cash provided by operating activities was JPY 13,488 million compared to JPY 16,986 million a year ago. Purchase of property, plant and equipment was JPY 8,897 million compared to JPY 11,980 million a year ago.
For the fiscal year ending March 31, 2017, the company expects net sales of JPY 348,000 million, operating profit to be JPY 15,400 million, profit before tax to be JPY 14,800 million, profit attributable to owners of the parent to be JPY 11,000 million or JPY 43.06 per basic share.
The company announced dividend for the second quarter ended September 30, 2016 of JPY 5 per share compared to JPY 5 per share paid in the same period a year ago.
The company provided dividend guidance for the year ending March 31, 2017 of JPY 6 per share compared to JPY 6 per share paid in the same period a year ago.
KYB Corp is a Japan-based company mainly engaged in the manufacture and sale of hydraulic shock absorbers and hydraulic equipment, as well as the provision of services related to each business. The Company operates through three segments. The Automotive Components (AC) segment produces hydraulic equipment for automobiles, mainly hydraulic shock absorbers for automobiles and motorcycles, and power steering products. The Hydraulic Components (HC) segment produces industrial hydraulic equipment mainly for construction machinery, stage mechanisms, naval equipment, and vibration damping devices. The Aviation Equipment segment produces takeoff and landing gear, steering gear, and control equipment for aircraft. The Company also manufactures and sells concrete mixers, powder and granule transport vehicles, special function vehicles, and electronic equipment.
KYB Corporation Announces Consolidated Earnings Results for the Fiscal First Half Year Ended September 30, 2016; Announces Dividend for the Second Quarter Ended September 30, 2016; Provides Earnings and Dividend Guidance for the Year Ending March 31, 2017