Toto Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Declares Dividend for the Second Quarter of 2017, Payable on December 1, 2016; Provides Dividend Guidance for the Full Year Ending March 31, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2017
November 02, 2016 at 05:16 am EDT
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Toto Ltd. reported consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported net sales were ¥265,908 million against ¥272,254 million a year ago. Operating income was ¥19,522 million against ¥20,006 million a year ago. Ordinary income was ¥18,413 million against ¥21,624 million a year ago. Profit attributable to owners of the parent was ¥12,343 million or ¥72.79 per share against ¥17,727 million or ¥105.03 per share a year ago. Profit before income taxes was ¥18,376 million against ¥25,023 million a year ago. Net cash provided by operating activities was ¥20,614 million against ¥22,751 million a year ago. Purchase of property, plant and equipment was ¥14,390 million against ¥13,295 million a year ago. Purchase of intangible assets was ¥1,582 million against ¥2,181 million a year ago.
The company declared a dividend for the second quarter of 2017. For the quarter, the company declared a dividend of ¥34.00 per share against ¥15.00 per share a year ago. Dividend will be payable on December 1, 2016.
The company provided dividend guidance for the full year ending March 31, 2017. For the year, the company expects a dividend of ¥34 per share against ¥34 per share 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 were ¥570,000 million, operating income was ¥48,000 million, ordinary income was ¥47,500 million and profit attributable to owners of the parent was ¥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 Six Months Ended September 30, 2016; Declares Dividend for the Second Quarter of 2017, Payable on December 1, 2016; Provides Dividend Guidance for the Full Year Ending March 31, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2017