Musashi Seimitsu Industry Co., Ltd. Reports Consolidated 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 March 31, 2017
February 13, 2017
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Musashi Seimitsu Industry Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of JPY 125,240 million compared to JPY 122,674 million a year ago. Profit before income taxes was JPY 8,471 million compared to JPY 5,691 million a year ago. Operating income was JPY 6,547 million compared to JPY 9,724 million a year ago. Net asset per share was JPY 1,963.47 compared to JPY 2,142.11 a year ago. Ordinary income was JPY 5,802 million against JPY 8,395 million a year ago. Profit attributable to owners of parent was JPY 3,780 million against JPY 6,221 million a year ago. Diluted earnings per share were JPY 110.70 against JPY 182.29 a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2017. For the year, the company expects profit attributable to owners of parent of JPY 6,300 million, net sales of JPY 175,000 million, operating income of JPY 11,000 million, ordinary income of JPY 10,000 million and earnings per share of JPY 201.96.
The company provided dividend guidance for the year ending March 31, 2017. For the year, the company expects to pay a dividend of JPY 26.00 per share against JPY 25.00 per share paid a year ago.
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 Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending March 31, 2017