Y.A.C. Holdings Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the First Six Months and Full Year of the Fiscal Year Ending March 31, 2018
May 14, 2017
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Y.A.C. Holdings Co., Ltd. reported consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of JPY 29,452 million against JPY 25,545 million a year ago. Operating income was JPY 1,036 million against JPY 807 million a year ago. Ordinary income was JPY 1,122 million against JPY 546 million a year ago. Net income attributable to owners of the parent was JPY 790 million or JPY 87.88 per diluted share against JPY 28 million or JPY 3.12 per diluted share a year ago. Cash flows from operating activities were THB 4,369 million against cash flows used in operating activities of THB 4,715 million a year ago. The main positive factors were JPY 2,683 million decrease in inventories, decrease JPY 2,498 million in trade payable, JPY 1,140 million in earnings before income tax, decrease JPY 528 million in accrued consumption tax and JPY 518 million in depreciation and amortization. Income before income taxes and minority interests was JPY 1,140,872,000 compared to JPY 543,249,000 a year ago. Payment for acquisition of fixed tangible assets was THB 445,146,000 compared to THB 127,732,000 a year ago. Payment for acquisition of intangible assets was THB 9,755,000 compared to THB 20,069,000 a year ago. Return on equity was 5.8% compared to 0.2% a year ago.
For the six months of fiscal year ending March 31, 2018, the company expects net sales of JPY 13,000 million, operating income of JPY 600 million, ordinary income of JPY 450 million and net income attributable to owners of parent of JPY 300 million or JPY 33.59 per share.
For the year ending March 31, 2018, the company expects net sales of JPY 35,000 million, operating income of JPY 2,000 million, ordinary income of JPY 1,500 million and net income attributable to owners of parent of JPY 1,000 million or JPY 111.99 per share.
Y.A.C. HOLDINGS CO., LTD. is a Japan-based company mainly engaged in the development, design, manufacture, sale and maintenance of display related products, mechatronics related products and cleaning related products. The Company operates in three business segments. The Display Related segment is engaged in the manufacture and sale of liquid crystal related products and precision heat treatment related products, as well as the provision of related services. The Mechatronics Related segment is engaged in the manufacture and sale of hard disk products, semiconductor products, energy saving and clean energy products, solar cell products, industrial instrument products, control communication products, laser process products, precision cutting products and other products, as well as the provision of related services. The Cleaning Related and Other segment is engaged in the manufacture and sale of cleaning products and mold heating products, as well as the provision of related services.
Y.A.C. Holdings Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the First Six Months and Full Year of the Fiscal Year Ending March 31, 2018