KYB Corporation Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2016; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2016
February 01, 2016
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KYB Corporation reported consolidated earnings results for the nine months ended December 31, 2015. For the period, the company reported net loss attributable to owners of the parent was JPY 1,435 million or JPY 5.62 per share compared to net income attributable to owners of the parent of JPY 8,196 million or JPY 32.08 per share, for the same period ended December 31, 2014. Net sales were JPY 264,888 million compared to JPY 273,179 million for the same period ended December 31, 2014. Operating income was JPY 9,158 million compared to JPY 11,719 million for the same period ended December 31, 2014. Ordinary income was JPY 8,997 million against JPY 13,550 million last year. Income before income taxes and minority interests was JPY 2,258 million against JPY 12,945 million last year.
For the fiscal year ending March 31, 2016, the company expects year-end dividend of JPY 6.00 per share against JPY 7.00 per share last year. Total dividend is expected to be JPY 11.00 per share against JPY 12.00 per share last year.
For the fiscal year ending March 31, 2016, the company expects net sales of JPY 362,000 million and net income of JPY 1,760 million, or JPY 6.89 per share. Operating income is expected to be JPY 13,700 million.
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, 2015; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2016; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2016
KYB CORPORATION 
