MISUMI Group Inc. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2015; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2016
October 28, 2015
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MISUMI Group Inc. reported consolidated earnings results for the six months ended September 30, 2015. For the period, the company reported net sales of JPY 116,188 million compared to JPY 98,708 million a year ago. EBITDA was JPY 13,826 million compared to JPY 13,720 million a year ago. Operating income was JPY 12,563 million compared to JPY 12,608 million a year ago. Net income was JPY 8,081 million or JPY 29.48 per share compared to JPY 7,637 million or JPY 27.97 per share a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2016. For the year ending March 31, 2016, the company expects 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. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2015; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2016