Showa Aircraft Industry Co., Ltd. Announces Consolidated Earnings Results for the Second Quarter Ended September 30, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2017
Showa Aircraft Industry Co., Ltd. announced consolidated earnings results for the second quarter ended September 30, 2016. For the quarter, the company reported sales of ¥10,677 million against ¥11,166 million a year ago. Operating income was ¥602 million against ¥609 million a year ago. Ordinary income was ¥569 million against ¥553 million a year ago. Net quarterly income was ¥356 million or ¥10.92 per share against ¥318 million or ¥9.76 per share a year ago.
The company provided earnings guidance for the full year ending March 31, 2017. For the year, the company expects sales of ¥24,500 million, operating income of ¥1,700 million, ordinary income of ¥1,450 million and net income of ¥850 million or ¥26.06 per share.