KYB Corporation Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2015; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2015
February 05, 2015 at 11:55 am EST
Share
KYB Corporation reported consolidated earnings results for the nine months ended December 31, 2014. For the period, the company reported net income of JPY 8.2 billion, or JPY 32.08 per share, compared to JPY 10.8 billion, or JPY 48.46 per share, for the same period ended December 31, 2013. Net sales were JPY 273.18 billion, compared to JPY 256.84 billion for the same period ended December 31, 2013. Operating income was JPY 11.72 billion, compared to JPY 14.34 billion for the same period ended December 31, 2013. Ordinary income was JPY 13.55 billion against JPY 16.51 billion last year. Income before income taxes and minority interests was JPY 12.94 billion against JPY 17.61 billion last year. Income before minority interests was JPY 8.47 billion against JPY 11.2 billion last year.
For the fiscal year ending March 31, 2015, the company expects year-end dividend of JPY 7.00 per share against JPY 5.00 per share last year. Total dividend is expected to be JPY 12.00 per share against JPY 9.00 per share last year.
For the fiscal year ending March 31, 2015, the company expects net sales of JPY 369 billion and net income of JPY 10.8 billion, or JPY 42.27 per share. Operating income is expected to be JPY 16.6 billion.
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 Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2015; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2015
KYB CORPORATION 
