Musashi Seimitsu Industry Co., Ltd. Reports Consolidated Earnings Results for the Full Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2019
April 26, 2018
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Musashi Seimitsu Industry Co., Ltd. reported consolidated earnings results for the full year ended March 31, 2018. For the year, the company reported net sales were JPY 237,910 million against JPY 180,522 million a year ago. Operating profit was JPY 15,767 million against JPY 11,166 million a year ago. Ordinary profit was JPY 15,929 million against JPY 10,323 million a year ago. Profit attributable to owners of parent was JPY 10,351 million or JPY 303.23 per diluted share against JPY 6,315 million or JPY 185.01 per diluted share a year ago. Cash flows from operating activities were JPY 26,813 million against JPY 19,445 million a year ago. Profit before income taxes was JPY 15,723 million against JPY 10,068 million a year ago. Purchase of property, plant and equipment was JPY 12,632 million against JPY 12,096 million a year ago. Purchase of intangible assets was JPY 358 million against JPY 379 million a year ago.
For the full year ending March 31, 2019, the company expects to report net sales of JPY 249,000 million, operating income of JPY 17,000 million, ordinary income of JPY 16,200 million and profit attributable to owners of parent of JPY 10,400 million or JPY 333.18 per share.
Musashi Seimitsu Industry Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of automotive powertrain parts, suspension parts, steering parts, and transmission parts. The Company operates its business through five geographical segments: Japan, Americas, Asia, China and Europe. Its products are used in industries such as automobiles, machine tools, and industrial machines. Powertrain (PT) products includes planetary gear assemblies, differential gear assemblies, bevel gears, ring gears, camshafts, and balance shafts. The linkage and suspension (L&S) products include suspension arm assemblies, suspension ball joints, steering ball joints, and various joints for connection. Motorcycle products include motorcycle transmission gear assemblies, motorcycle camshafts, motorcycle kick starter components, other motorcycle drivetrain components, and general-purpose engine components.
Musashi Seimitsu Industry Co., Ltd. Reports Consolidated Earnings Results for the Full Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2019