Mitsui Sugar Co., Ltd. Reports Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending 2017
January 30, 2017
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Mitsui Sugar Co., Ltd. reported earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of JPY 78,557 million compared to JPY 76,741 million a year ago. Operating income was JPY 4,164 million compared to JPY 4,793 million a year ago. Ordinary income was JPY 9,196 million compared to JPY 10,383 million a year ago. Profit before income taxes were of JPY 9,153 million compared to JPY 9,869 million a year ago. Profit attributable to owners of parent was of JPY 5,677 million or JPY 212.62 per share compared to JPY 6,047 million or JPY 226.44 per diluted share a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2017. For the year, the company expects net sales of JPY 104,000 million, operating income of JPY 4,500 million, ordinary income of JPY 11,000 million and profit attributable to owners of parent was of JPY 6,800 million or JPY 254.64 per share.
The company provided dividend guidance for the year ending 2017. For the period, the company expects to pay dividend of JPY 35.00 compared to year end dividend of JPY 8.00 for the same period a year ago.
Mitsui DM Sugar Holdings Co Ltd, formerly Mitsui Sugar Co Ltd, is a Japan-based company mainly engaged in the manufacture and sale of raw sugar, refined sugar and sugar-related products. The Company operates in three business segments. The Sugar segment is engaged in the manufacture and sale of raw sugar, refined sugar and sugar-related products. The Food Science segment is engaged in the manufacture and sale of natural sweeteners, pigments, flavors, sugarcane extract, agar, bio products, nutritional therapy foods, and foods for swallowing disorders. The Real Estate segment is engaged in the leasing of land, stores and offices, as well as the provision of solar power generation business.
Mitsui Sugar Co., Ltd. Reports Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending 2017