Takeuchi Mfg. Co., Ltd. Reports Consolidated Earnings Results for the First Half Ended Aug. 31, 2016; Provides Earnings Guidance for the Fiscal Year Ending Feb. 2016
October 10, 2016
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Takeuchi Mfg. Co., Ltd. reported consolidated earnings results for the first half ended Aug. 31, 2016. For the period, the company reported net sales of ¥46,625 million, operating income of ¥9,765 million, profit attributable to owners of parent of ¥5,460 million or ¥113.65 per share compared with net sales of ¥46,866 million, operating income of ¥9,428 million, net profit attributable to owners of parent of ¥6,172 million or ¥125.98 per share for the same period last year. Ordinary income was ¥8,357 million compared with ¥9,745 million a year ago. Income before income taxes and minority interests was ¥8,362 million compared to ¥9,745 million a year ago. Net cash generated from operating activities was ¥2,857 million compared with net cash used in operating activities was ¥107 million a year ago. Purchase of property, plant and equipment amounted to ¥808 million compared to ¥1,039 million a year ago. Purchase of intangible assets amounted ¥88 million compared to ¥282 million a year ago.
For the full year ending February 28, 2017, the company expected net sales of ¥80,500 million, operating income of ¥13,000 million, ordinary income of ¥11,600 million, profit attributable to owners of parent of ¥7,700 million or ¥160.86 per share.
Takeuchi Mfg Co Ltd is a Japan-based company principally engaged in the development, manufacture and sale of construction machinery. The Company operates its business through five geographical segments: Japan, the United Sates, the United Kingdom, France and China. The Companyâs main products are deep foundation excavators, disassembled electric mini backhoes, mini excavators and hydraulic excavators, as well as crawler loaders. It also provides standard machines, ultra-small turning machines, crawler loaders to the international market.
Takeuchi Mfg. Co., Ltd. Reports Consolidated Earnings Results for the First Half Ended Aug. 31, 2016; Provides Earnings Guidance for the Fiscal Year Ending Feb. 2016