Toyo Seikan Group Holdings, Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2018
February 06, 2018
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Toyo Seikan Group Holdings, Ltd. announced consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported net sales of JPY 598,977 million compared to JPY 588,614 million a year ago. Operating income was JPY 30,230 million compared to JPY 33,807 million a year ago. Ordinary income was JPY 31,970 million compared to JPY 36,016 million a year ago. Quarterly profit attributable to owners of parent was JPY 17,201 million compared to JPY 25,231 million a year ago. Quarterly net income per share was JPY 84.80 compared to JPY 124.37 a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2018. The company expects its net sales to be JPY 790,000 million. Operating income expected to be JPY 30,000 million. Ordinary income expected to be JPY 31,000 million. Profit attributable to owners of parent expected to be JPY 16,000 million. Net income per share expected to be JPY 78.87.
Toyo Seikan Group Holdings, Ltd. is a Japan-based packaging container manufacturer. The Company operates in four business segments. The Packing Container Related segment is engaged in the manufacture and sale of cans for canning and other metal products, plastic, glass and paper products, as well as the contract manufacture and sale of aerosol products and general goods filing. The Steel Plate Related segment is engaged in the manufacture and sale of steel and processed steel plates. The Functional Material segment offers disk substrates, optical function films, glazes and gel coat. The Real Estate segment is engaged in the leasing of buildings and commercial facilities. The Others segment is engaged in the manufacture and sale of hard alloy, machineries and tools, agricultural materials, the sale of petroleum products, as well as the insurance agency business.
Toyo Seikan Group Holdings, Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2018