HIRANO TECSEED Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2013; Announces Year End Dividend for the Year Ended March 31, 2013, Payable on June 28, 2013; Provides Dividend Guidance for the End of Second Quarter of 2014 and Year End Dividend Guidance for the Year Ending March 31, 2014; Provides Earnings Guidance for the First Half Year of 2014 and for the Full Year Ending March 31, 2014
May 09, 2013
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HIRANO TECSEED Co., Ltd. announced consolidated and non-consolidated earnings results for the year ended March 31, 2013. For the period, on consolidated basis, the company reported net sales of JPY 15,732 million compared to JPY 22,583 million a year ago. Operating income was JPY 1,169 million compared to JPY 1,397 million a year ago. Ordinary income was JPY 1,242 million compared to JPY 1,455 million a year ago. Net income was JPY 771 million compared to JPY 870 million a year ago. Net income per share was JPY 51.30 compared to JPY 57.85 a year ago. Return on equity was 4.4% compared to 5.2% a year ago. Net cash provided by operating activities was JPY 2,240 million compared to net cash used in operating activities of JPY 1,858 million a year ago.
For the period, on non-consolidated basis, the company reported net sales of JPY 13,696 million compared to JPY 17,484 million a year ago. Operating income was JPY 891 million compared to JPY 1,112 million a year ago. Ordinary income was JPY 1,011 million compared to JPY 1,208 million a year ago. Net income was JPY 664 million compared to JPY 718 million a year ago. Net income per share was JPY 44.20 compared to JPY 47.74 a year ago. Return on equity was 4.4% compared to 5.2% a year ago. Net cash provided by operating activities was JPY 2,240 million compared to net cash used in operating activities of JPY 1,858 million a year ago.
The company announced year end dividend of JPY 6.00 per share for 2013. The company paid year end dividend of JPY 7.00 per share for 2012. The dividend will be payable on June 28, 2013.
The company expects dividend of JPY 10.00 per share at the end of second quarter of 2014. The company paid dividend of JPY 6.00 per share at the end of second quarter of 2014.
The company expects year end dividend of JPY 10.00 per share for the year ending March 31, 2014.
For the first half year of 2014, the company expects net sales of JPY 17,000 million, operating income of JPY 1,770 million, ordinary income of JPY 1,800 million, net income of JPY 1,130 million or JPY 75.11 per share.
For the year ending March 31, 2014, the company expects net sales of JPY 28,000 million, operating income of JPY 2,730 million, ordinary income of JPY 2,800 million, net income of JPY 1,750 million or JPY 116.32 per share.
HIRANO TECSEED Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of coating machines-related and chemical machines-related equipment, among others. The Coating Machines-related segment manufactures and sells coating and laminating-related machines such as magnetic tapes, composite films for wrapping, adhesive tapes, synthetic leathers, floor materials, wallpaper, decorative sheets, insulating plates, as well as drying and heat disposal machines, among others. The Chemical Machines-related segment manufactures and sells macromolecular chemical machines such as machines for plastic films, film formations, electrical printed circuit boards (PCBs) and ceramic sheet moldings, high-heat processing equipment, drying and heat disposal machines and others. The Others segment manufactures and sells dyeing machines and various machinery parts, as well as provides repair and remodeling services.
HIRANO TECSEED Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2013; Announces Year End Dividend for the Year Ended March 31, 2013, Payable on June 28, 2013; Provides Dividend Guidance for the End of Second Quarter of 2014 and Year End Dividend Guidance for the Year Ending March 31, 2014; Provides Earnings Guidance for the First Half Year of 2014 and for the Full Year Ending March 31, 2014
HIRANO TECSEED CO.,LTD. 
