Chugai Mining Co., Ltd. Reports Unaudited Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Outlook for the First Half and Full Year of 2017
May 12, 2016
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Chugai Mining Co., Ltd. reported unaudited consolidated and non consolidated earnings results for the year ended March 31, 2016. For the period, on consolidated basis, the company's revenue was ¥29,188 million against ¥20,814 million a year ago. Operating loss was ¥204 million against ¥244 million a year ago. Recurring loss was ¥271 million against ¥350 million a year ago. Current net loss attributable to owners of the parent was ¥483 million against ¥466 million a year ago. Current net loss per share was ¥1.67 against ¥1.61 a year ago. Current net loss per shareholders' equity was 7.0% against 6.3% a year ago. Cash flow used in business activities was ¥22 million against ¥330 million a year ago.
For the period, on non consolidated basis, the company's revenue was ¥27,344 million against ¥18,809 million a year ago. Operating loss was ¥424 million against ¥470 million a year ago. Recurring loss was ¥451 million against ¥533 million a year ago. Current net loss was ¥473 million against ¥541 million a year ago. Current net loss per share was ¥1.63 against ¥1.87 a year ago.
For the first half of 2017, the company expects revenue of ¥15,800 million, operating income of ¥170 million, current income of ¥130 million.
For the full year 2017, the company expects revenue of ¥33,000 million, operating income of ¥410 million, current income of ¥340 million and current net profit attributable to owners of the parent of ¥30 million.
Chugai Mining Co., Ltd. is principally engaged in the operation of precious metal business. The Company operates in five business segments. The Precious Metal segment is engaged in the sale of precious metals, artifacts and jewelries, the production and sale of gold, silver, platinum and palladium, as well as the purchase and sale of nonferrous metals which contain gold and silver. The Real Estate segment is involved in the subdivision and leasing of condominium buildings, as well as the trading, brokerage, leasing, management and planning development of real estate. The Machinery segment purchases and sells used machine tools, sheet metal machines and others. The Investment segment is engaged in the possession, trading and operation of securities. The Content segment plans, designs, manufactures, and sells toys and play equipment, and sells, wholesales, plans, and develops character products.
Chugai Mining Co., Ltd. Reports Unaudited Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Outlook for the First Half and Full Year of 2017