Toto Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Dividend Guidance for the Year End of Fiscal 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2017
January 30, 2017
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Toto Ltd. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of ¥409,566 million against ¥418,041 million a year ago. Operating income was ¥33,500 million against ¥33,931 million a year ago. Profit attributable to owners of the parent was ¥23,659 million or ¥139.52 per diluted share against ¥28,278 million or ¥167.52 per diluted share a year ago. Income before income taxes were ¥34,537 million against ¥39,793 million a year ago.
The company provided dividend guidance for the year end of fiscal 2017. For the year end, the company expects a dividend of ¥34.00 per share against ¥34.00 per share paid a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2017. For the year, the company expects net sales of ¥570,000 million, operating income of ¥48,000 million and profit attributable to owners of the parent of ¥33,500 million or ¥198.06 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 Nine Months Ended December 31, 2016; Provides Dividend Guidance for the Year End of Fiscal 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2017