Sanden Corporation Announces Consolidated Earnings Results for the Six Months Ended September 30, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015
Sanden Corporation announced consolidated earnings results for the six months ended September 30, 2014. For the period, the company's sales were ¥154,866 million compared with ¥132,482 million a year ago. Operating income was ¥4,965 million compared with ¥721 million a year ago. Income before extraordinary items was ¥5,957 million compared with ¥754 million a year ago. Net income was ¥3,985 million or ¥28.85 per basic share compared with ¥636 million or ¥4.67 per basic share a year ago. Net cash provided by operating activities was ¥4,044 million, ¥253 million less than one year earlier. Purchase of property, plant and equipment was ¥3,293 million compared with ¥3,120 million a year ago. Purchase of intangible assets was ¥134 million compared with ¥257 million a year ago. Income before income taxes was ¥3,181 million compared with ¥735 million a year ago.
For the year ending March 31, 2015, the company forecasts sales of ¥300,000 million, operating income of ¥8,000 million, income before extraordinary items of ¥9,000 million and net income of ¥5,500 million or ¥39.82 per share.