Pacific Industrial Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Earnings and Dividend Guidance for the Full Year Ending March 31, 2018
February 31, 2018
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Pacific Industrial Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2017. For the period, net sales of JPY 86,762 million, operating income of JPY 5,719 million, ordinary income of JPY 7,241 million and profit attributable to owners of parent of JPY 5,389 million or JPY 88.90 diluted per share compared to net sales of JPY 75,853 million, operating income of JPY 6,308 million, ordinary income of JPY 7,241 million and profit attributable to owners of parent of JPY 5,464 million or JPY 90.19 diluted per share for the same period a year ago. Income before income taxes and non-controlling interests was JPY 7,077 million compared to JPY 7,440 million a year ago.
For the full year ending March 31, 2018, on consolidated basis, the company expects net sales of JPY 114,000 million, operating income of JPY 8,500 million, ordinary income of JPY 9,700 million and profit attributable to owners of parent of JPY 6,900 million or JPY 115.29 per share.
For the full year ending March 31, 2018, the company expects year-end dividend of JPY 14 per share compared to JPY 15 per share paid a year ago.
PACIFIC INDUSTRIAL CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of press and resin products, and valve products. The Company operates through two business segments. The Press and Resin Product segment is mainly engaged in the manufacture and sale of wheel caps, engine covers, hood trunk hinges, oil pans and other press and resin products for automobile, as well as press molds, resin molds and other mold products. The Valve Product segment is mainly engaged in the manufacture and sale of tire valves, valve core products, air conditioning valves and other valve products, microcomputer control equipment and other electronic machine products, compressor related products, as well as tire pressure monitoring system (TPMS) products. The Other segment is mainly engaged in the processing of information by computer, the development and sale of software, and the provision of insurance agency service.
Pacific Industrial Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Earnings and Dividend Guidance for the Full Year Ending March 31, 2018