The Furukawa Battery Co., Ltd. Announces Consolidated Financial Results for the Year Ended March 31, 2018; Provides Earnings Guidance for Six Months Ending September 30, 2018 and Fiscal Year Ending March 31, 2019; and Provides Dividend Forecast for the Fourth Quarter Ending March 31, 2019
May 08, 2018
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The Furukawa Battery Co., Ltd. announced consolidated financial results for the year ended March 31, 2018. For the year, the company reported net sales of JPY 60,536 million against JPY 55,320 million a year ago. Operating profit was JPY 2,980 million against JPY 3,336 million a year ago. Profit before income taxes was JPY 2,804 million against JPY 2,786 million a year ago. Profit attributable to owners of parent was JPY 2,136 million against JPY 2,373 million a year ago. Cash flows from operating activities was JPY 2,375 million against JPY 3,697 million a year ago. Purchase of property, plant and equipment was JPY 2,511 million against JPY 2,177 million a year ago. Purchase of intangible assets was JPY 1 million against JPY 27 million a year ago. Earnings per share basic were JPY 65.19 against JPY 72.42 a year ago. Return on equity was 5.1% against 5.5% a year ago.
The company also provided earnings guidance for Six months ending September 30, 2018 and fiscal year ending March 31, 2019. For six months, the company expected net sales of JPY 29,000 million, operating profit JPY 400 million, profit attributable to owners of parent of JPY 200 million and Earnings per share of JPY 6.10.
For year, the company expected net sales of JPY 64,000 million, operating profit JPY 3,200 million, profit attributable to owners of parent of JPY 2,200 million and Earnings per share of JPY 67.12.
The company also provided dividend forecast, the company expected to pay dividend of JPY 11.00 per share for the fourth quarter ending March 31, 2019.
The Furukawa Battery Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of storage batteries and related business. The Company operates through three business segments. The Automotive segment is involved in the production of storage batteries for automobiles and motorcycles. The Industrial segment is involved in the production of storage batteries for equipment operation and uninterruptible power supplies (UPS). The Real Estate segment is involved in the leasing of tenant buildings. The Company is also involved in the insurance business.
The Furukawa Battery Co., Ltd. Announces Consolidated Financial Results for the Year Ended March 31, 2018; Provides Earnings Guidance for Six Months Ending September 30, 2018 and Fiscal Year Ending March 31, 2019; and Provides Dividend Forecast for the Fourth Quarter Ending March 31, 2019