Kayaba Industry Co., Ltd. Announces Consolidated Earnings Results for the Half Year Ended September 30, 2013; Announces Dividend for the Second Quarter and Provides Year Ending March 31, 2014 Dividend Guidance; Provides Earnings Guidance for Ending March 31, 2014
November 04, 2013
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Kayaba Industry Co., Ltd. announced consolidated earnings results for the half year ended September 30, 2013. For the half year, the company reported net sales of JPY 170,624 million against JPY 154,347 million, operating income of JPY 10,004 million against JPY 7,055 million, ordinary income of JPY 10,594 million against JPY 6,464 million, income before income taxes and minority interest of JPY 10,625 million against JPY 6,248 million and net income of JPY 6,569 million or JPY 29.72 per share against JPY 3,929 million or JPY 17.78 per share for the last year. Net cash provided by operating activities was JPY 10,562 million against JPY 9,025 million a year ago. Purchase of property, plant and equipment was JPY 21,260 million against JPY 14,272 million a year ago.
The company announced dividend for the second quarter of JPY 4.00 per share compared to JPY 4.00 per share announced last year.
The company provided year ending March 31, 2014 dividend guidance of JPY 4.00 per share.
The company provided earnings guidance for ending March 31, 2014. For the year, the company expects net sales of JPY 345,400 million, operating profit of JPY 18,700 million, net income of JPY 12,200 million and net profit per share of JPY 55.20.
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.
Kayaba Industry Co., Ltd. Announces Consolidated Earnings Results for the Half Year Ended September 30, 2013; Announces Dividend for the Second Quarter and Provides Year Ending March 31, 2014 Dividend Guidance; Provides Earnings Guidance for Ending March 31, 2014
KYB CORPORATION 
