Takeuchi Mfg. Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended May 31, 2015; Provides Earnings Guidance for the First Half and Full Year Fiscal 2016; Provides Dividend Guidance for Full Year Fiscal 2016
July 09, 2015
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Takeuchi Mfg. Co., Ltd. reported consolidated earnings results for the first quarter ended May 31, 2015. For the period, the company reported net sales of ¥21,485 million, operating income of ¥4,553 million, ordinary income of ¥4,925 million, net income of ¥3,102 million or ¥189.97 per share compared with net sales of ¥17,842 million, operating income of ¥3,004 million, ordinary income of ¥2,861 million, net income of ¥1,718 million or ¥105.19 per share for the same period last year. Earnings increased because of a lower fixed cost ratio as the cost of sales decreased while sales increased. Income before income taxes and minority interests was ¥4,925 million compared with ¥2,861 million for the same period last year.
The company provided earnings guidance for the first half and full year fiscal 2016. For the first half, the company expected net sales of ¥42,700 million, operating income of ¥7,800 million, ordinary income of ¥7,800 million, net income of ¥4,950 million or ¥101.03 per share.
For the full year ending February 29, 2016, the company expected net sales of ¥75,000 million, operating income of ¥12,500 million, ordinary income of ¥12,500 million, net income of ¥7,900 million or ¥161.24 per share.
The company provided dividend guidance for the full year fiscal 2016. For the year, the company expected ¥14.00 per share compared with ¥27.00 per share for the same period last year.
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 Quarter Ended May 31, 2015; Provides Earnings Guidance for the First Half and Full Year Fiscal 2016; Provides Dividend Guidance for Full Year Fiscal 2016