Takeuchi Mfg. Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended February 28, 2017; Provides Consolidated Earnings Guidance for the First Half of Fiscal Year Ending February 28, 2018 and Year Ending February 28, 2018
April 10, 2017
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Takeuchi Mfg. Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended February 28, 2017. For the year, on consolidated basis, net sales were ¥83,000 million against ¥85,218 million last year. Operating income was ¥13,404 million against ¥16,222 million last year. Ordinary income was ¥11,722 million against ¥15,291 million last year. Profit attributable to owners of parent was ¥7,757 million against ¥9,708 million last year. Net income per share was ¥162.07 against ¥198.14 last year. Return on equity was 13.5% against 19.2% last year. Net cash provided by operating activities was ¥6,823 million against ¥12,275 million last year. Purchase of property, plant and equipment was ¥1,191 million against ¥3,665 million last year. Purchase of intangible assets was ¥180 million against ¥339 million last year. Profit before income taxes was ¥11,727 million compared to ¥15,292 million a year ago.
For the year, on non-consolidated basis, net sales were ¥78,944 million against ¥75,733 million last year. Operating income was ¥10,389 million against ¥14,422 million last year. Ordinary income was ¥10,021 million against ¥14,813 million last year. Profit was ¥7,226 million against ¥10,287 million last year. Net income per share was ¥150.97 against ¥209.96 in last year.
The company provided consolidated earnings guidance for the first half of fiscal year ending February 28, 2018 and full year ending February 28, 2018. For the first half of fiscal year ending February 28, 2018, on consolidated basis, the company expects net sales of ¥49,700 million, operating income of ¥7,900 million, ordinary income of ¥7,700 million, profit attributable to owners of parent of ¥5,300 million or ¥111.14 per share.
For the year ending February 28, 2018, on consolidated basis, the company expects net sales of ¥85,700 million, operating income of ¥11,700 million, ordinary income of ¥11,500 million, profit attributable to owners of parent of ¥7,900 million or ¥165.66 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 and Non-Consolidated Earnings Results for the Year Ended February 28, 2017; Provides Consolidated Earnings Guidance for the First Half of Fiscal Year Ending February 28, 2018 and Year Ending February 28, 2018