Futaba Industrial Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2014; Declares Year End Dividend for the Fiscal Year Ended March 31, 2014, with Payment Date on June 23, 2014; Provides Consolidated Earnings Guidance for the Six Months and Full Year for the Fiscal Year Ending March 31, 2015
May 21, 2014 at 12:29 am
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Futaba Industrial Co., Ltd. announced consolidated and non-consolidated earnings results for the full year ended March 31, 2014. For the period, on consolidated basis, the company announced net sales of JPY 399,378 million against JPY 365,246 million a year ago. Operating income was JPY 2,784 million against operating loss of JPY 360 million a year ago. Income before income taxes was JPY 7,311 million against loss before income taxes of JPY 3,238 million a year ago. Net income was JPY 3,252 million or JPY 46.50 per basic share against net loss of JPY 4,040 million or JPY 57.76 per basic share a year ago. Net cash generated from operating activities was JPY 23,266 million against JPY 14,861 million a year ago. Purchase of property, plant and equipment was JPY 19,663 million compared to JPY 18,159 million for the same period a year ago. Return on equity was 8.1% compared to negative return on equity of 11.0% for the same period a year ago. Ratio of ordinary income to total assets was positive 1.0% compared to negative 0.5% for the same period a year ago.
For the period, on non-consolidated basis, the company announced net sales of JPY 243,899 million against JPY 245,208 million a year ago. Operating income was JPY 2,565 million against JPY 1,506 million a year ago. Net income was JPY 7,347 million or JPY 105.03 per basic share against net loss of JPY 1,797 million or JPY 25.69 per basic share a year ago. Capital expenditure was JPY 8,417 million compared to JPY 10,315 million for the same period a year ago.
For the fiscal year ended March 31, 2014, the company declared year end dividend of JPY 3.00 per share. Scheduled date of commencement of dividend payment is June 23, 2014.
The company provided consolidated earnings guidance for the six months and full year for the fiscal year ending March 31, 2015. For the six months, the company expects to report net sales of JPY 187,000 million, operating income of JPY 400 million, ordinary loss of JPY 400 million and net loss of JPY 1,400 million or JPY 20.01 per share.
For the full year, the company expects to report net sales of JPY 384,700 million, operating income of JPY 3,800 million, ordinary income of JPY 2,400 million and net income of JPY 100 million or JPY 1.43 per share. The company expects to report capital expenditure of JPY 23,000 million and depreciation of JPY 20,000 million.
FUTABA INDUSTRIAL CO., LTD. is a Japan-based company, primarily engaged in the manufacture and sale of automobile assembly parts, information environment equipment parts, as well as jigs and welding machines. The Company operates in four segments. The Japan segment is engaged in the manufacture and sale of automobile parts, information environment equipment parts, as well as jigs and welding machines. The North America segment is engaged in the manufacture and sale of automobile parts. The Europe segment is engaged in the manufacture and sale of automobile parts. The Asia segment is engaged in the manufacture and sale of automobile parts and information environment equipment parts.
Futaba Industrial Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2014; Declares Year End Dividend for the Fiscal Year Ended March 31, 2014, with Payment Date on June 23, 2014; Provides Consolidated Earnings Guidance for the Six Months and Full Year for the Fiscal Year Ending March 31, 2015
FUTABA INDUSTRIAL CO., LTD. 
