Musashi Seimitsu Industry Co., Ltd. Reports Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016
February 02, 2016 at 05:24 am
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Musashi Seimitsu Industry Co., Ltd. reported earnings results for the nine months ended December 31, 2015. For the period, the company reported that profit attributable to owners of parent for the nine months ended December 31, 2015 was JPY 6.22 billion, or JPY 182.29 per diluted share, compared to JPY 5.36 billion, or JPY 157.15 per diluted share, for the same period ended December 31, 2014. Net sales for the nine months ended December 31, 2015 were JPY 122.67 billion, compared to JPY 116.62 billion for the same period ended December 31, 2014. Gross profit for the nine months ended December 31, 2015 was JPY 20.48 billion, compared to JPY 17.08 billion for the same period ended December 31, 2014. Operating income for the nine months ended December 31, 2015 was JPY 9.72 billion, compared to JPY 8.06 billion for the same period ended
December 31, 2014.
For the year ending March 31, 2016, the company expects profit attributable to owners of parent of JPY 6.80 billion, net sales of JPY 160 billion and earnings per share of JPY 217.99.
Musashi Seimitsu Industry Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of automotive powertrain parts, suspension parts, steering parts, and transmission parts. The Company operates its business through five geographical segments: Japan, Americas, Asia, China and Europe. Its products are used in industries such as automobiles, machine tools, and industrial machines. Powertrain (PT) products includes planetary gear assemblies, differential gear assemblies, bevel gears, ring gears, camshafts, and balance shafts. The linkage and suspension (L&S) products include suspension arm assemblies, suspension ball joints, steering ball joints, and various joints for connection. Motorcycle products include motorcycle transmission gear assemblies, motorcycle camshafts, motorcycle kick starter components, other motorcycle drivetrain components, and general-purpose engine components.
Musashi Seimitsu Industry Co., Ltd. Reports Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016