Toto Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Six Months Ending September 30, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2017
July 28, 2016
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Toto Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, net sales were JPY 128,220 million against JPY 126,695 million a year ago. Operating income was JPY 7,334 million against JPY 5,729 million a year ago. Ordinary income was JPY 6,648 million against JPY 7,019 million a year ago. Profit attributable to owners of parent was JPY 4,357 million against JPY 5,020 million a year ago. Diluted earnings per share were JPY 25.69 against JPY 29.75 year ago. Profit before income taxes was JPY 6,734 million against JPY 7,309 million a year ago.
For the six months ending September 30, 2016, the company expects to report, net sales of JPY 280,400 million, operating income JPY 20,500 million, ordinary income JPY 21,200 million and profit attributable to owners of parent JPY 14,700 million, or JPY 86.91 earnings per share.
For the full year ending March 31, 2017, the company expects to report, net sales of JPY 600,000 million, operating income JPY 51,000 million, ordinary income JPY 52,500 million and profit attributable to owners of parent JPY 37,000 million, or JPY 218.75 earnings per share.
TOTO Ltd. specializes in manufacturing and marketing sanitary equipments and building materials. Net sales break down by family of products as follows:
- sanitary equipments (95.5%): toilets, bathrooms equipment (sinks, washbasins, bathtubs, ventilation, drying, heating systems, hand dryers, etc.), kitchen equipments, plumbing accessories, etc. Net sales break down by country into Japan (75.2%), China (12.5%), Asia and Oceania (5.1%), Americas (6.5%) and Europe (0.7%)
- building materials (4.5%): ceramic products (77.6% of net sales), tiles and floor and wall coating materials (22.4%).
Toto Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Six Months Ending September 30, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2017