Tomoegawa Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016, Provides Revised Forecast for the Current Fiscal Year Ending March 31, 2017
August 09, 2016
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Tomoegawa Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, revenue was JPY 7,397 million against JPY 8,396 million a year ago. Operating income was JPY 89 million against JPY 104 million a year ago. Ordinary income was JPY 175 million against JPY 97 million a year ago. Net income attributable to owners of parent was JPY 285 million against JPY 25 million a year ago. Net income per share was JPY 5.60 against JPY 0.5 a year ago.
The company reported revised forecast for the current fiscal year ending on March 31, 2017. The company expects revenue of JPY 33,000 million instead of JPY 35,000 million. The company expects operating income of JPY 300 million instead of JPY 500 million for the fiscal year before revision. The company expects ordinary income of JPY 200 million instead of JPY 400 million for the fiscal year before revision. The company expects net income attributable to owners of parent of JPY 50 million instead of JPY 50 million for the fiscal year before revision. The company expects net income per share of JPY 0.98 instead of JPY 0.98 for the fiscal year before revision.
Tomoegawa Corp, formerly Tomoegawa Co Ltd, is a Japan-based company mainly engaged in the manufacture of toner and electronic materials, as well as paper manufacturing and coated paper-related businesses. The Company operates business through five segments. The toner segment is engaged in the production and sale of toner. The electronic materials segment is engaged in the production and sale of flat panel display (FPD) related products and semiconductor related products. The functional paper segment produces and sells paper-related products, functional paper-related products, and coated paper-related products. The security media segment is engaged in the manufacture, processing, and sale of securities, cards, forms, magnetic recording-related products, as well as information processing-related businesses. The new development business is engaged in the development and sale of new products by integrating the basic and elemental technologies owned by the group.
Tomoegawa Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016, Provides Revised Forecast for the Current Fiscal Year Ending March 31, 2017