Japan Cash Machine Co. Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended of September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
November 01, 2016
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Japan Cash Machine Co. Ltd. reported consolidated earnings results for the second quarter ended of September 30, 2016. For the quarter, the company reported net sales of JPY 15,298 million compared to JPY 14,501 million a year ago. Operating income was JPY 1,147 million compared to JPY 618 million a year ago. Ordinary income was JPY 566 million compared to JPY 705 million a year ago. Net income attributable to owners of the parent was JPY 403 million compared to JPY 464 million a year ago. Basic and diluted net income per share was JPY 14.99 compared to basic earnings per share of JPY 17.23 a year ago. Net assets per share as of September 30, 2016 were JPY 1,012.62. Profit before income taxes was JPY 877,449,000 compared to JPY 704,687,000 a year ago. Net cash provided by operating activities was JPY 875,076,000 compared to net cash used in operating activities of JPY 6,958,000. Purchase of property, plant and equipment was JPY 129,693,000 compared to JPY 114,543,000 a year ago. Purchase of Intangible assets was JPY 8,990,000 compared to JPY 9,064,000 a year ago.
The company provided earnings guidance for the year ending March 31, 2017. For the period, the company expects net sales to be of JPY 30,100 million. Operating income expected to be of JPY 1,700 million. Ordinary income expected to be of JPY 1,130 million. Net income attributable to owners of the parent expected to be of JPY 640 million. Net income per share expected to be of JPY 23.72.
JAPAN CASH MACHINE CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of cash related equipment. The Company operates through four business segments. The Global Gaming segment is mainly engaged in the manufacture and sale of banknote validators and banknote circulation units for casino halls and original equipment manufacturer (OEM) customers, as well as printer products for gaming. The Overseas Commercial segment is mainly engaged in the manufacture and sale of banknote validators and banknote circulation units for overseas banking, retail and transportation markets. The Domestic Commercial segment is mainly engaged in the manufacture and sale of banknote circulation units, change equipment and currency exchange equipment for domestic banking, retail and transportation markets. The Amusement Equipment segment is mainly engaged in the manufacture and sale of ball lending equipment, medal lending equipment and other related equipment.
Japan Cash Machine Co. Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended of September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017