Toshiba Machine Co., Ltd. Announces Consolidated Earnings Results for the Quarter Ended June 30, 2017; Provides Earnings Results Guidance for the Six Months and Full Year Ending March 31, 2017
August 03, 2017
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Toshiba Machine Co., Ltd. announced consolidated earnings results for the quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 23,002 million as compared to JPY 21,401 million a year ago. Operating loss was JPY 152 million as compared to JPY 97 million a year ago. Profit attributable to owners of parent was JPY 263 million as compared to loss attributable to owners of parent JPY 134 million a year ago. Ordinary profit was JPY 327 million as compared to ordinary loss of JPY 173 million a year ago. Earnings per share were JPY 2.18 as compared to loss per share of JPY 0.88 a year ago.
The company provided earnings results guidance for the six months and full year ending March 31, 2017. For the six months, the company expects net sales of JPY 58,000 million, operating profit of JPY 1,700 million, ordinary profit of JPY 1,800 million, profit attributable to owners of parent of JPY 1,200 million and earning share of JPY 9.94.
For the year, the company expects net sales of JPY 120,000 million, operating profit of JPY 5,200 million, ordinary profit of JPY 5,800 million, profit attributable to owners of parent of JPY 4,200 million and earning share of JPY 34.80.
Shibaura Machine Co Ltd is a Japan-based company mainly engaged in the provision of molding machines and machine tools. It operates through two business segments. Molding Machine segment is engaged in the manufacture, sale, installation, and maintenance of injection molding machines, extrusion molding machines and die casting machines. Products include all-electric injection molding machine EC-SXIII, EC-SX and EC-S series, hybrid type Injection molding machine ED and IS series, special specification injection molding machine, fine foam molding and control system. Machine Tool segment is engaged in the manufacture, sale, installation and maintenance of machine tools. Products include high-speed shape machines MPJ-M and MPJ series, horizontal boring machines BTD-100R12 and BTD-110H.R13/R16, grinding machines KWA-D and KT-C series. It is also engaged in manufacture and sale of industrial robots, servo motors, computer numerical control (CNC) devices, sewerage-related measuring equipment.
Toshiba Machine Co., Ltd. Announces Consolidated Earnings Results for the Quarter Ended June 30, 2017; Provides Earnings Results Guidance for the Six Months and Full Year Ending March 31, 2017