MISUMI Group Inc. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Full Year of 2016
January 28, 2016
Share
MISUMI Group Inc. announced consolidated earnings results for the nine months ended December 31, 2015. For the period, the company reported net sales of JPY 177,626 million compared with JPY 151,546 million for the same period a year ago. Operating income was JPY 20,078 million compared with JPY 19,081 million for the same period a year ago. Net income was JPY 12,988 million or JPY 47.37 per share compared with JPY 11,816 million or JPY 43.25 per share for the same period a year ago.
The company provided earnings guidance for the full year of 2016. For the full year, the company expects to report net sales of JPY 242,000 million, operating income of JPY 27,100 million, ordinary income of JPY 27,100 million and net income of JPY 16,900 million or JPY 61.67 per share.
MISUMI Group Inc. is a Japan-based company mainly engaged in the factory automation (FA) business, the mold parts business, and the parts and consumables (MRO) business. The Company has three business segments. The FA segment is engaged in the manufacture and sale of shafts, bushes, linear guides, locating parts, pulleys stages and other standard parts for automatic equipment, as well as the development and provision of automatic positioning modules and various research equipment. The Metal Molding Parts segment is engaged in the development and provision of spring guides, ejector pins, core pins, guides, retainers and other standard mold parts for automotive, electronic and electrical equipment fields, as well as the provision of precision mold parts. The Variation & One-stop by New Alliance (VONA) segment is engaged in the general distribution business, as well as the provision of air pressure parts, piping parts, screws, bolts and other manufacturing materials and MRO products.
MISUMI Group Inc. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Full Year of 2016