MISUMI Group Inc. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Revises Earnings Guidance for the Year Ending March 31, 2018; Announces Interim Dividend for the Six Months Ended September 30, 2017; Revises Dividend Guidance for the Year Ending March 31, 2018
October 29, 2017
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MISUMI Group Inc. reported consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported net sales of JPY 152,465 million compared to JPY 121,802 million a year ago. EBITDA was JPY 20,074 million compared to JPY 14,416 million a year ago. Operating income was JPY 18,902 million compared to JPY 13,295 million a year ago. Net income was JPY 13,040 million or JPY 46.63 per share compared to JPY 8,350 million or JPY 30.42 per share a year ago.
The company revised consolidated earnings guidance for the year ending March 31, 2018. For the year ending March 31, 2018, the company expects net sales of JPY 314,000 million, operating income of JPY 36,350 million, ordinary income of JPY 35,750 million and net income of JPY 24,900 million or JPY 89.04 per share compared to net sales of JPY 290,000 million, operating income of JPY 31,700 million, ordinary income of JPY 31,100 million and net income of JPY 21,600 million or JPY 78.39 per share as previously forecasted.
The company announced interim dividend of JPY 11.52 per share for the six months ended September 30, 2017 against JPY 7.61 per share a year ago.
For the fiscal year ending March 31, 2018, the company now expects year-end dividend of JPY 10.47 per share compared to previous guidance of JPY 10.43 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, 2017; Revises Earnings Guidance for the Year Ending March 31, 2018; Announces Interim Dividend for the Six Months Ended September 30, 2017; Revises Dividend Guidance for the Year Ending March 31, 2018
MISUMI GROUP INC. 
