Seed Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2018
February 08, 2018
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Seed Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2017. For the nine months, the company reported net sales of JPY 20,869 million compared to JPY 18,227 million a year ago. Operating income was JPY 1,510 million compared to JPY 1,254 million a year ago. Ordinary income was JPY 1,564 million compared to JPY 1,153 million a year ago. Net income attributable to owners of parent was JPY 1,063 million compared to JPY 698 million a year ago. Net income per share was JPY 127.49 compared to JPY 83.75 a year ago. Income before income taxes was JPY 1,570,843,000 compared to JPY 1,098,817,000 a year ago. Net cash provided by operating activities was JPY 2,165,959,000 compared to JPY 1,810,255,000 a year ago. Purchase of property, plant and equipment was JPY 1,726,378,000 compared to JPY 1,885,411,000 a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2018. For the period, the company expects net sales of JPY 27,600 million, operating income of JPY 2,000 million, ordinary income of JPY 2,000 million, and net income attributable to owners of parent of JPY 1,400 million or JPY 80.29 per share.
Seed Co Ltd is a Japan-based company mainly engaged in the research, development, manufacture and sale of contact lenses, as well as the sale of contact lens care products and other products. The Contact Lens and Care Products segment sells contact lenses, care products, and related products. Contact lens products include hard lenses, soft lenses, disposable lenses, orthokeratology lenses, and related products such as optical instruments. Contact lens care products include preservatives, cleaning solutions, enzymatic cleaning solutions, chemical disinfectants, storage cases, and others. The other businesses include eyeglass frames, eyeglass fixtures, intraocular lenses, and others.
Seed Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2018