UACJ Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Six Months of 2017; Provides Earnings Guidance for the Year Ending March 31, 2017; Provides Dividend Guidance for the Second Quarter of 2017; Provides Dividend Guidance for the Year Ending March 31, 2017
August 01, 2016
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UACJ Corporation reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of ¥138,753 million against ¥147,013 million a year ago. Operating income was ¥4,916 million against ¥4,638 million a year ago. Ordinary income was ¥3,911 million against ¥3,709 million a year ago. Net income attributable to owners of the parent was ¥1,387 million or ¥3.24 per share against ¥2,323 million or ¥5.43 per share a year ago. Net assets per share were ¥371.51 against ¥385.88 per share a year ago. Income before income taxes was ¥3,793 million against ¥4,806 million a year ago.
For the six months, the company expects net sales of ¥290,000 million, operating income of ¥9,500 million, ordinary income of ¥7,500 million and net income attributable to owners of the parent was ¥2,500 million or ¥5.85 per share.
For the year ending March 31, 2017, the company expects net sales of ¥600,000 million, operating income of ¥24,500 million, ordinary income of ¥20,000 million and net income attributable to owners of the parent was ¥9,000 million or ¥21.04 per share.
For the second quarter, the company expects to pay dividend of ¥3.00 per share against ¥3.00 per share a year ago.
For the year ending March 31, 2017, the company expects to pay dividend of ¥3.00 per share against ¥3.00 per share a year ago.
UACJ Corporation is principally engaged in the manufacture and sale of aluminum rolled products. The Company operates in three business segments. The Aluminum Rolled Products segment manufactures and sells rolled plate products, foil products, extruded products, cast products and forged products of aluminum and its alloys. The Copper Products segment manufactures and sells copper pipes, copper alloy pipes and their joints. The Processed Products and Related segment is engaged in manufacturing and sale of processed products such as aluminum and copper, contracting civil engineering works, and the freight transportation and handling related to the group's business.
UACJ Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Six Months of 2017; Provides Earnings Guidance for the Year Ending March 31, 2017; Provides Dividend Guidance for the Second Quarter of 2017; Provides Dividend Guidance for the Year Ending March 31, 2017