Central Glass Co. Ltd. Announces Consolidated Earnings Results for Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending March 31, 2017
February 02, 2017
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Central Glass Co. Ltd. announced consolidated earnings results for nine months ended December 31, 2016. For the period, the company reported net sales of ¥161,088 million, operating income of ¥8,864 million, ordinary income of ¥10,425 million, income before income taxes of ¥10,665 million, net income of ¥7,714 million compared to the net sales of ¥175,160 million, operating income of ¥11,064 million, ordinary income of ¥11,863 million, income before income taxes of ¥12,220 million, net income of ¥8,916 million for the same period a year ago. Basic earnings per share were ¥37.60 against ¥42.88 a year ago.
For the year ending March 31, 2017, the company expects net sales of ¥227,000 million, operating income of ¥13,000 million, ordinary income of ¥13,400 million, profit attributable to owners of parent of ¥10,000 million and earnings per share of ¥48.70.
For the year ending March 31, 2017, the company expects dividend of ¥5.00 per share against ¥5.00 per share a year ago.
Central Glass Co.,Ltd. is a Japan-based company mainly engaged in manufacturing and sales of glass products and chemical products. The Company operates in two segments. The Glass Products segment is engaged in manufacturing and sales of building glass, automobile glass and glass for electronic materials. The Chemical Products segment is engaged in manufacturing and sales of chemicals, fine chemicals, fertilizers, glass fibers. The Company mainly operates in Japan, North Americas and other areas.
Central Glass Co. Ltd. Announces Consolidated Earnings Results for Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending March 31, 2017