Waida Mfg. Co.,Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Six Months and Year Ending March 31, 2019
May 09, 2018
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Waida Mfg. Co.,Ltd. reported consolidated earnings results for the year ended March 31, 2018. For the year, the company reported net sales of JPY 5,803 million as compared to INR 4,821 million for the same period last year. Operating profit was JPY 835 million as compared to INR 302 million for the same period last year. Ordinary profit was JPY 852 million as compared to INR 312 million for the same period last year. Profit attributable to owners of parent was JPY 592 million as compared to INR 189 million for the same period last year. Basic earnings per share was JPY 92.10 as compared to JPY 29.52 for the same period last year. Cash flow from operating activities was JPY 1,189 million as compared to INR 637 million for the same period last year.
For the six months, the company expects net sales of JPY 3,391 million, operating profit of JPY 538 million, ordinary profit of JPY 544 million, profit attributable to owners of the parent of JPY 378 million and basic earnings per share of JPY 58.89.
For the full year, the company expects net sales of JPY 6,885 million, operating profit of JPY 976 million, ordinary profit of JPY 993 million, profit attributable to owners of the parent of JPY 676 million and basic earnings per share of JPY 105.18.
WAIDA MFG. CO., LTD. is a Japan-based company engaged in the development, manufacture and sale of computer numeric control (CNC) grinders for mold and cutting tool related companies. The Company manufactures precision machines by precision machine tool technology, grinding technology and control technology. Its main products include mold-related grinders, such as molding grinders and jig grinders; cutting tool-related grinders, such as insert periphery grinders and axial tool grinders, as well as other metal processing machines and attached equipment. In addition, the Company is also engaged in the provision of after-sales services for various grinders and attached equipment, the sale of components, as well as the overhaul of its products.
Waida Mfg. Co.,Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Six Months and Year Ending March 31, 2019