Yuasa Funashoku Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Guidance for the Six Months Ending September 30, 2018 and Year Ending March 31, 2019
May 11, 2018 at 02:00 am EDT
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Yuasa Funashoku Co., Ltd. reported consolidated earnings results for the year ended March 31, 2018. For the year, the company reported net sales of JPY 107,879 million compared to JPY 105,148 million a year ago. Operating income was JPY 2,022 million compared to JPY 1,803 million a year ago. Ordinary income was JPY 2,203 million compared to JPY 2,041 million a year ago. Profit attributable to owners of the parent was JPY 1,130 million or JPY 251.44 per basic share compared to JPY 1,367 million or JPY 304.15 per share a year ago. Return on equity was 3.9% compared to 4.9% a year ago. Cash flows from operating activities were JPY 1,654 million compared to JPY 2,060 million a year ago.
For the six months ending September 30, 2018, the company expects consolidated net sales of JPY 56,000 million, operating income of JPY 950 million, ordinary income of JPY 1,050 million and profit attributable to owners of the parent of JPY 700 million or JPY 155.74 per share.
For the year ending March 31, 2019, the company expects consolidated net sales of JPY 111,000 million, operating income of JPY 1,900 million, ordinary income of JPY 2,100 million and profit attributable to owners of the parent of JPY 1,200 million or JPY 269.98 per share.
YUASA FUNASHOKU CO., LTD. is a Japan-based company mainly engaged in the commercial business, hotel business, and real estate business. The Company operates through three business segments. The Commercial segment is mainly engaged in the wholesale of rice, flour, starch, sugar, fats and oils, feed, processed food and liquors. The Hotel segment is mainly engaged in the operation of hotels and restaurants. The Real Estate segment is mainly engaged in the real estate leasing business. The Company is also engaged in the logistics business and insurance agency business.
Yuasa Funashoku Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Guidance for the Six Months Ending September 30, 2018 and Year Ending March 31, 2019