Tokyo Radiator Mfg. Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 2015; Provides Dividend for the Fiscal Year Ending March 31, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2016
February 10, 2016 at 11:00 am EST
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Tokyo Radiator Mfg. Co., Ltd. reported consolidated earnings results for the nine months ended December 2015. For the period, the company reported net sales of ¥23,230 million, operating income of ¥1,195 million, ordinary income of ¥1,145 million, profit attributable to owners of parent of ¥768 million or ¥53.43 per share against net sales of ¥23,200 million, operating income of ¥1,627 million, ordinary income of ¥1,721 million, profit attributable to owners of parent of ¥1,109 million or ¥77.14 per share a year ago.
The company expects to pay a year-end dividend of ¥4.00 per share for the fiscal year ending March 31, 2016, compared with ¥3.75 per share a year ago.
For the full year ending March 31, 2016, the company expects net sale to be ¥31,000 million, operating income to be ¥1,900 million, ordinary income to be ¥1,900 million, profit attributable to owners of parent to be ¥1,200 million or ¥83.40 per share.
TOKYO RADIATOR MFG. CO., LTD. is a company mainly engaged in the manufacture and sale of heat exchangers, fuel tanks and press steel plates. The Company's products include parts for heat exchangers, such as radiators, exhaust gas recirculation (EGR) coolers, oil coolers and fuel coolers, among others; as well as automobile body components, such as oil pans, vacuum tanks, fuel tanks and selective catalytic reduction (SCR) tanks, among others. It mainly operates through three business segments: Japan, China and Asia.
Tokyo Radiator Mfg. Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 2015; Provides Dividend for the Fiscal Year Ending March 31, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2016