KYB Corporation Announces Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Guidance for the First Half and Full Year Ending March 31, 2019
May 10, 2018
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KYB Corporation announced consolidated earnings results for the year ended March 31, 2018. For the year, the company reported net sales of JPY 392,394 million against JPY 355,316 million for the same period a year ago. Operating profit was JPY 20,885 million against JPY 19,247 million for the same period a year ago. Profit before taxes was JPY 20,881 million against JPY 18,852 million for the same period a year ago. Profit for the year was JPY 15,786 million against JPY 15,078 million for the same period a year ago. Profit attributable to owners of the parent was JPY 15,202 million against JPY 14,544 million for the same period a year ago. Basic earnings per share were JPY 595.09 against JPY 569.32 for the same period a year ago. Net cash from operating activities was JPY 29,252 million against JPY 31,153 million for the same period a year ago. Profit before taxes was JPY 20,881 million against JPY 18,852 million for the same period a year ago. Payment for purchases of property, plant and equipment was JPY 14,402 million against JPY 19,734 million for the same period a year ago.
The company provided earnings guidance for the first half and full year ending March 31, 2019. For the first half year, the company expects net sales of JPY 204,600 million, operating profit of JPY 10,200 million, profit before taxes of JPY 9,800 million, profit of JPY 7,100 million, profit attributable to owners of the parent of JPY 6,800 million and basic earnings per share of JPY 266.20.
For the year, the company expects net sales of JPY 415,000 million, operating profit of JPY 23,900 million, profit before taxes of JPY 22,900 million, profit of JPY 17,300 million, profit attributable to owners of the parent of JPY 16,600 million and basic earnings per share of JPY 649.83.
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 Year Ended March 31, 2018; Provides Earnings Guidance for the First Half and Full Year Ending March 31, 2019