MISUMI Group Inc. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2012; Provides Year End Dividend Outlook for the Year Ending March 31, 2013; Reaffirms Earnings Outlook for the Year Ending March 31, 2013
January 28, 2013
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MISUMI Group Inc. reported consolidated earnings results for the nine months ended December 31, 2012. For the period, the company's net sales were ¥98,145 million against ¥95,791 million a year ago. Operating income was ¥12,798 million against ¥13,001 million a year ago. Net income was ¥6,945 million against ¥7,344 million a year ago. Earnings per share were ¥77.64 against ¥81.92 a year ago.
The company reaffirmed its earnings outlook for the year ending March 31, 2013. For the period, the company expects net income of ¥8,700 million or ¥97.25 per share on net sales of ¥132,000 million. Operating income expects at ¥16,550 million and ordinary income at ¥16,350 million.
For the year ending March 31, 2013, the company expects year end dividend of ¥13.05 per share against ¥13.00 per share paid for same period a year ago.
MISUMI Group Inc. is a Japan-based company mainly engaged in the factory automation (FA) business, the mold parts business, and the parts and consumables (MRO) business. The Company has three business segments. The FA segment is engaged in the manufacture and sale of shafts, bushes, linear guides, locating parts, pulleys stages and other standard parts for automatic equipment, as well as the development and provision of automatic positioning modules and various research equipment. The Metal Molding Parts segment is engaged in the development and provision of spring guides, ejector pins, core pins, guides, retainers and other standard mold parts for automotive, electronic and electrical equipment fields, as well as the provision of precision mold parts. The Variation & One-stop by New Alliance (VONA) segment is engaged in the general distribution business, as well as the provision of air pressure parts, piping parts, screws, bolts and other manufacturing materials and MRO products.
MISUMI Group Inc. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2012; Provides Year End Dividend Outlook for the Year Ending March 31, 2013; Reaffirms Earnings Outlook for the Year Ending March 31, 2013