Iseki & Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2012; Provides Earnings Guidance for the Six Months of Fiscal 2013 and Full Year Ending March 31, 2013; Provides Year End Dividend Guidance for the Fiscal Year Ending March 31, 2013
August 09, 2012
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Iseki & Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2012. For the quarter, the company reported net income of ¥1,465 million or ¥6.38 per basic share on net sales of ¥34,050 million compared to net income of ¥958 million or ¥4.17 per basic share on net sales of ¥32,355 million a year ago. Operating income was ¥1,212 million compared to ¥794 million a year ago. Ordinary income was ¥1,150 million compared to ¥902 million a year ago. Comprehensive income was ¥1,139 million compared to ¥957 million a year ago. Income before income taxes was ¥1,299 million compared to ¥654 million a year ago.
For the year end of fiscal year ending March 31, 2012, the company expects dividend in the range of ¥2.00 per share to ¥3.00 per share compared to dividend paid of ¥1.50 per share for the same period a year ago.
For the full year ending March 31, 2013, the company expects net income of ¥2,700 million or ¥11.75 per share on net sales of ¥153,000 million. Operating income was ¥4,600 million and ordinary income was ¥3,900 million.
For the six months period of fiscal year ending March 31, 2013, the company expects net income of ¥1,800 million or ¥7.83 per share on net sales of ¥78,500 million. Operating income was ¥2,800 million and ordinary income was ¥2,600 million.
ISEKI & CO., LTD. is a Japan-based company mainly engaged in the agriculture-related business. The Company is mainly engaged in the development, manufacture, and sale of agricultural machinery related to rice cultivation and vegetable cultivation. The Agricultural-related segment is involved in development and manufacturing division, sales division and other division. The development and manufacturing division is engaged in the development and design of agricultural machinery. The sales division is engaged in the sale of products through domestic and overseas sales companies.
Iseki & Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2012; Provides Earnings Guidance for the Six Months of Fiscal 2013 and Full Year Ending March 31, 2013; Provides Year End Dividend Guidance for the Fiscal Year Ending March 31, 2013