DaikyoNishikawa Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017 and Full Year Ending March 31, 2018
August 23, 2017
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DaikyoNishikawa Corporation reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, on consolidated basis, net sales were JPY 41,190 million against JPY 36,164 million a year ago. Operating income was JPY 4,090 million against JPY 3,051million a year ago. Ordinary income was JPY 4,556 million against JPY 3,004 million a year ago. Profit attributable to owners of the parent was JPY 3,178 million against JPY 2,155 million a year ago. Diluted net income per share was JPY 44.85 against nil a year ago.
For the six months ending September 30, 2017, on consolidated basis, the company expects net sales of JPY 81,000 million, operating income of JPY 8,000 million, ordinary income of JPY 8,400 million, profit attributable to owners of the parent of JPY 5,800 million or JPY 81.87 per share.
For the year ending March 31, 2018, on consolidated basis, the company expects net sales of JPY 162,000 million, operating income of JPY 15,600 million, ordinary income of JPY 16,000 million, profit attributable to owners of the parent of JPY 11,200 million or JPY 158.09 per share.
DaikyoNishikawa Corp is engaged in the manufacture and sale of automotive resin parts. The Company operates in four geographical segments: Japan, China & Korea, ASEAN, Central America & North America. The Company purchases raw materials and manufacturers automobile equipment such as instrument panels and bumpers, and housing equipment such as bus unit members. The Japan segment has two divisions. The automobile parts manufacture division is involved in the provision of automobile resin parts, the development of production equipment and jigs, and the design and manufacture of molding dies and precision jigs. The others division is involved in the provision of housing equipment, the life insurance and non-life insurance agency business. Other segments are also involved in the design and technical services for automobile parts and staffing business, in addition to the provision of resin parts for automobiles.
DaikyoNishikawa Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017 and Full Year Ending March 31, 2018
DAIKYONISHIKAWA CORPORATION 
