Tsubakimoto Chain Co. Reports Unaudited Consolidated and Nonconsolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated and Nonconsolidated Earnings Guidance for the Half Year Ending September 30, 2018 and Full Year Ending March 31, 2019; Declares Year End Dividend for the Year Ended March 31, 2018; Provides Second Quarter and Year-End Dividend Guidance for the Year Ending March 31, 2018
May 09, 2018
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Tsubakimoto Chain Co. reported unaudited consolidated and nonconsolidated earnings results for the year ended March 31, 2018. For the year, consolidated basis, the company's net sales were ¥215,716 million against ¥198,762 million last year. Operating income was ¥20,694 million against ¥21,647 million last year. Ordinary income was ¥21,743 million against ¥22,004 million last year. Profit attributable to owners of parent was ¥14,666 million or ¥77.49 per share against ¥14,596 million or ¥78.03 per share last year. Net cash provided by operating activities was ¥27,657 million against ¥25,434 million last year. Return on equity was 9.2% against 9.9% last year.
For the year, nonconsolidated basis, the company's net sales were ¥96,828 million against ¥82,540 million last year. Operating income was ¥7,629 million against ¥6,733 million last year. Ordinary income was ¥12,500 million against ¥11,498 million last year. Profit attributable to owners of parent was ¥15,786 million or ¥83.41 per share against ¥8,648 million or ¥46.3 per share last year.
For the half year ending September 30, 2018, consolidated basis, the company expects net sales of ¥110,000 million, operating income of ¥10,000 million, ordinary income of ¥10,400 million, and net income of ¥7,500 million or ¥39.63 per share.
For the year ending March 31, 2019, consolidated basis, the company expects net sales of ¥225,000 million, operating income of ¥21,300 million, ordinary income of ¥21,800 million, and net income of ¥15,100 million or ¥79.78 per share.
For the half year ending September 30, 2018, nonconsolidated basis, the company expects net sales of ¥52,400 million, operating income of ¥3,000 million, ordinary income of ¥7,000 million, and net income of ¥5,600 million or ¥29.59 per share.
For the year ending March 31, 2019, nonconsolidated basis, the company expects net sales of ¥107,200 million, operating income of ¥7,200 million, ordinary income of ¥12,200 million, and net income of ¥9,400 million or ¥49.67 per share.
The company declared year-end dividend of JPY 13.00 per share for the year ended March 31, 2018 against JPY 13.00 per share for the same period a year ago.
The company expects to pay a second quarter dividend of JPY 12.00 per share for the year ending March 31, 2019 against JPY 11.00 per share for the same period a year ago.
The company expects to pay a year-end dividend of JPY 12.00 per share for the year ending March 31, 2019 against JPY 13.00 per share for the same period a year ago. Thus the annual dividend would amount to JPY 24.00 per share for the year ending March 31, 2019 against JPY 24.00 per share for the same period a year ago.
TSUBAKIMOTO CHAIN CO. is mainly engaged in the manufacture and sale of chains for power transmission and transportation use, variable speed reducers, linear working units, timing chains, power drive chains, conveyors and transportation systems. In addition, the Company is also involved in the manufacture, sale, research and development of automotive parts and material handling equipment. The Company operates through four segments: Chain, Precision Equipment, Automobile Parts and Material handling segments. The Chain segment offers standard form chains, oil-free chains, powerful chains, standard conveyor chains and free flow chains, as well as cable chains and cable accessories, among others. The Precision Equipment segment provides gear motors, gear-boxes, tensioners, guides, levers, sprockets, among others. The Automobile Parts segment provides tensioners, guides, power drive chains and others. The Material Hnadling segment provides systems for the logistics industry and others.
Tsubakimoto Chain Co. Reports Unaudited Consolidated and Nonconsolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated and Nonconsolidated Earnings Guidance for the Half Year Ending September 30, 2018 and Full Year Ending March 31, 2019; Declares Year End Dividend for the Year Ended March 31, 2018; Provides Second Quarter and Year-End Dividend Guidance for the Year Ending March 31, 2018