The Furukawa Battery Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2017 and Year Ending March 31, 2018
August 31, 2017
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The Furukawa Battery Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, net sales were JPY 12,712 million against JPY 11,505 million a year ago. Operating income was JPY 192 million against JPY 226 million a year ago. Ordinary income was JPY 179 million against JPY 102 million a year ago. Profit attributable to owners of the parent was JPY 155 million against JPY 113 million a year ago. Basic EPS was JPY 4.75 against JPY 3.45 a year ago. Profit before taxes was JPY 174 million against JPY 101 million a year ago.
The company provided consolidated earnings guidance for the six months ending September 30, 2017 and year ending March 31, 2018. For the six months ending September 30, 2017, the company expects net sales of JPY 30,000 million, operating income of JPY 400 million, ordinary income of JPY 300 million, profit attributable to owner of the parent of JPY 250 million and EPS of JPY 7.63.
For the year ending March 31, 2018, on consolidated basis, the company expects net sales of JPY 62,000 million, operating income of JPY 4,000 million, ordinary income of JPY 3,600 million, profit attributable to owner of the parent of JPY 2,700 million and EPS of JPY 82.37.
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. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2017 and Year Ending March 31, 2018