Toyo Suisan Kaisha Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Consolidated Earnings Guidance for the Half Year and Full Year of Fiscal Year Ending March 31, 2017
July 29, 2016 at 08:30 am EDT
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Toyo Suisan Kaisha Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, net sales were JPY 91,073 million against JPY 92,136 million a year ago. Operating income was JPY 7,212 million against JPY 6,144 million a year ago. Ordinary income was JPY 7,688 million against JPY 6,542 million a year ago. Profit attributable to owners of parent was JPY 5,398 million against JPY 4,175 million a year ago. Basic earnings per share were JPY 52.86 against JPY 40.89 a year ago. Profit before income taxes was JPY 7,676 million against JPY 6,483 million a year ago.
For the half year of fiscal 2017, on consolidated basis, the company expects net sales of JPY 191,500 million, operating income of JPY 12,800 million, ordinary income of JPY 13,300 million, profit attributable to owners of parent of JPY 9,700 million and basic earnings per share of JPY 94.98.
For the year ending March 31, 2017, on consolidated basis, the company expects net sales of JPY 395,000 million, operating income of JPY 29,000 million, ordinary income of JPY 30,000 million, profit attributable to owners of parent of JPY 20,500 million and basic earnings per share of JPY 200.73.
Toyo Suisan Kaisha Ltd is a Japan-based food manufacturing company. The Company operates through six business segments. The Seafood segment is engaged in the purchase, processing and sale of seafoods in domestic and overseas markets. The Overseas Instant Noodles segment provides cup and bag noodles mainly in the United States and Mexico. The Domestic Instant Noodles segment provides cup and bag noodles in Japan. The Low Temperature Food segment manufactures and sells steamed and roasted buckwheat noodles, raw ramen, boiled noodles, frozen noodles and commercial cocking products. The Processed Food segment is engaged in the manufacture and sale of processed foods such as aseptic packaged rice, retort rice, soup, dashi-no-moto, bonito flakes, and paste products in Japan. The Frozen and Cold Storage segment is engaged in the provision of storage and freezing services. The Company also involves in the bag lunch, prepared food businesses.
Toyo Suisan Kaisha Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Consolidated Earnings Guidance for the Half Year and Full Year of Fiscal Year Ending March 31, 2017
TOYO SUISAN KAISHA, LTD. 
