Yorozu Corporation Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the Half Year and Full Year Ending March 31, 2017; Announces Year-End Dividend, Payable on June 10, 2016; Provides Dividend Guidance for the Half Year and Full Year Ending March 31, 2017
May 13, 2016 at 11:37 am EDT
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Yorozu Corporation reported consolidated earnings results for the year ended March 31, 2016. For the year, the company reported net sales of ¥172,797 million compared to ¥150,717 million a year ago. Operating income was ¥10,015 million compared to ¥8,188 million a year ago. Net income attributable to owners of parent was ¥3,700 million or ¥149.39 per diluted share compared to ¥5,775 million or ¥253.45 per diluted share a year ago. Ordinary income was ¥7,355 million against ¥10,639 million a year ago. Cash flow from operating activities of ¥18,735 million against ¥10,010 million a year ago.
The company provided earnings guidance for the half year and full year ending March 31, 2017. For the half year ending March 31, 2017, the company expects net sales of ¥83,000 million, operating income of ¥2,900 million, ordinary income of ¥2,300 million and net income of ¥1,100 million or ¥44.41 per share.
For the year ending March 31, 2017, the company expects net sales of ¥167,000 million, operating income of ¥6,600 million, ordinary income of ¥6,000 and net income of ¥3,200 million or ¥129.19 per share.
The company announced year-end dividend of JPY 19.00 per share against JPY 40.00 per share a year ago. Scheduled date for start of dividend payment is June 10, 2016.
The company expects to pay interim dividend of JPY 23.00 per share for the fiscal year 2017 against JPY 34.00 per share paid for the same period a year ago.
The company expects to year-end dividend of JPY 23.00 per share for the fiscal year 2017 against JPY 34.00 per share a year ago.
YOROZU CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automotive mechanical parts, body parts and engine parts, and molds and equipment, as well as the development of business activities related to logistics, research and services related to each business. The Company operates through three regional segments including Japan, the Americas and Asia. The Company is involved in the manufacture and sale of automotive components, dies and facilities. The Company is also involved in the order receipt business, the development of parts, as well as the manpower dispatching and insurance agency business.
Yorozu Corporation Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the Half Year and Full Year Ending March 31, 2017; Announces Year-End Dividend, Payable on June 10, 2016; Provides Dividend Guidance for the Half Year and Full Year Ending March 31, 2017
YOROZU CORPORATION 
