Komori Corp. Announces Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the Six Months and Full Year of Fiscal 2017
June 08, 2016 at 04:00 pm
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Komori Corp. announced consolidated earnings results for the year ended March 31, 2016. For the year, the company's net sales were ¥95,326 million compared with ¥91,259 million a year ago. Operating income was ¥6,612 million compared with ¥6,489 million a year ago. Ordinary income was ¥6,508 million compared with ¥7,841 million a year ago. Profit attributable to owners of parent was ¥6,522 million or ¥105.26 per basic share compared with ¥7,569 million or ¥122.16 per basic share a year ago. ROE was 4.8% compared with 5.8% a year ago. ROA was 3.5% compared with 4.4% a year ago. Net cash provided by operating activities was ¥11,935 million compared with ¥7,483 million a year ago. Income before income taxes was ¥6,293 million compared with ¥8,121 million a year ago. Purchase of property, plant and equipment and intangible assets was ¥2,797 million compared with ¥1,706 million a year ago. As on March 31, 2016, the company's net assets per share was ¥2,192.83.
For the six months ending September 30, 2016, the company forecasts net sales of ¥41,200 million, operating income of ¥300 million, ordinary income of ¥100 million, profit attributable to owners of parent of ¥100 million or ¥1.61 per basic share.
For the year ending March 31, 2017, the company forecasts net sales of ¥97,500 million, operating income of ¥5,200 million, ordinary income of ¥5,000 million, profit attributable to owners of parent of ¥4,000 million or ¥64.55 per basic share.
KOMORI CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of printing equipment, as well as the provision of related materials, finance services and real estate management services. The Company operates in three regional segments. The Japan segment is engaged in the manufacture and sale of securities printing equipment and other printing equipment in Japan, Latin America and Asia, as well as the purchase and sale of small printing equipment, the provision of inks, paper, folding machines, electrical equipment and other equipment parts and printing materials. The North America segment is mainly engaged in the sale of printing equipment in the United States. The Europe segment is mainly engaged in the sale of printing equipment in Western Europe, Eastern Europe and the Middle East, as well as the manufacture and sale of paper printing equipment . The Company also operates in Hong Kong, Taiwan, Singapore, Malaysia and India.
Komori Corp. Announces Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the Six Months and Full Year of Fiscal 2017