Makino Milling Machine Co. Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2017
November 23, 2016
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Makino Milling Machine Co. Ltd. announced consolidated earnings results for the six months ended September 30, 2016. For the six months, the company announced net sales of JPY 64,561 million against JPY 75,045 million a year ago. Operating income was JPY 2,137 million against JPY 5,952 million a year ago. Income before income taxes was JPY 1,468 million against JPY 6,526 million a year ago. Net income attributable to owners of the parent was JPY 889 million or JPY 7.15 per diluted share against JPY 5,175 million or JPY 41.18 per diluted share a year ago. Net cash provided by operating activities was JPY 3,285 million against JPY 7,870 million a year ago. Purchases of property, plant and equipment was JPY 3,639 million compared to JPY 3,611 million for the same period a year ago.
The company revised consolidated earnings guidance for the full year ending March 31, 2017. For the full year, the company expects to report net sales of JPY 140,000 million, operating income of JPY 7,000 million and net income attributable to owners of the parent company of JPY 5,000 million or JPY 45.43 per share.
Makino Milling Machine Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of machine tools. The Company operates through four business segments. The Company mainly manufactures, sells and engineering flexible production system equipment, designs, manufactures, sells and repairs machine tool control devices, installs and after-sale services for machine tools and sells repair parts. The Company also manufactures and develops machine tool peripherals, manufactures, sells, repairs, packs, and provides insurance agency services for machine tools. The main regions are Japan, Korea, China, Oceania, Russia, Norway, Southeast Asia (ASEAN), India, United Kingdom, North and South America, and Continental Europe (excluding Norway).
Makino Milling Machine Co. Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2017