Aisan Industry Co. Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for Fiscal Year Ending March 31 2017
April 26, 2016
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Aisan Industry Co. Ltd. announced consolidated earnings results for the year ended March 31, 2016. For the period, the company reported net sales of ¥215,360 million, operating income of ¥9,854 million, ordinary income of ¥9,349 million and net income attributable to company was ¥6,208 million or ¥99.24 per share compared to net sales of ¥212,676 million, operating income of ¥10,796 million, ordinary income of ¥11,322 million and net income of ¥6,755 million or ¥112.19 per share reported in the same period last year. Capital Expenditures were ¥15,884 million compared with ¥13,280 million for the same period last year.
The company provided earnings guidance for fiscal year ending March 31 2017. For the period, the company expected net sales of ¥200,000 million, operating income of ¥8,000 million, ordinary income of ¥7,600 million and net income attributable to company was ¥4,800 million or ¥76.60 per share. Capital Expenditures were ¥14,000 million.
AISAN INDUSTRY CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of automotive parts. The Company operates through four geographical segments including Japan, Asia, the Americas and Europe. The automotive parts business mainly manufactures and sells automotive parts such as fuel pump modules, throttle bodies, and canisters to domestic and overseas automakers. The non-automobile parts business is engaged in the transportation business of automobiles, civil engineering, and development and sales of computer systems and programs. The Companyâs main products include fuel pumps, fuel pump modules, canisters for motorcycles, engine valves, titanium engine valves for motorcycles and others.
Aisan Industry Co. Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for Fiscal Year Ending March 31 2017