Tsubakimoto Chain Co. Reports Consolidated Earnings Results for the First Quarter Ended of June 30, 2016; Provides Earnings and Dividend Guidance for the Six Months Period Ending of September 30, 2016 and Year Ending of March 31, 2017
August 02, 2016
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Tsubakimoto Chain Co. reported consolidated earnings results for the first quarter ended of June 30, 2016. For the quarter, the company reported net sales of JPY 46,596 million compared to JPY 48,391 million a year ago. Operating income was JPY 4,139 million compared to JPY 4,818 million a year ago. Ordinary income was JPY 4,225 million compared to JPY 5,294 million a year ago. Net income was JPY 2,795 million compared to JPY 3,288 million a year ago. Net income per share was JPY 14.94 compared to JPY 17.58 a year ago.
The company provided earnings guidance for the six months period ending of September 30, 2016 and year ending of March 31, 2017. For the six months period ending of September 30, 2016, the company expects net sales to be of JPY 100,000 million. Operating income expected to be of JPY 9,200 million. Ordinary income expected to be of JPY 9,400 million. Net income expected to be of JPY 6,900 million. Net income per share expected to be of JPY 31.00.
For the twelve Months Ending of March 31, 2017, the company expects net sales to be of JPY 206,000 million. Operating income expected to be of JPY 20,800 million. Ordinary income expected to be of JPY 21,000 million. Net income expected to be of JPY 13,400 million. Net income per share expected to be of JPY 71.63.
The company provided dividend guidance for the six months period ending of September 30, 2016 and year ending of March 31, 2017. For the six months period ending of September 30, 2016, the company provided dividend guidance of JPY 11.00 per share compared to JPY 10.00 per share a year ago.
For the year ending of March 31, 2017, the company provided dividend guidance of JPY 11.00 per share compared to JPY 10.00 per share a year ago.
TSUBAKIMOTO CHAIN CO. is mainly engaged in the manufacture and sale of chains for power transmission and transportation use, variable speed reducers, linear working units, timing chains, power drive chains, conveyors and transportation systems. In addition, the Company is also involved in the manufacture, sale, research and development of automotive parts and material handling equipment. The Company operates through four segments: Chain, Precision Equipment, Automobile Parts and Material handling segments. The Chain segment offers standard form chains, oil-free chains, powerful chains, standard conveyor chains and free flow chains, as well as cable chains and cable accessories, among others. The Precision Equipment segment provides gear motors, gear-boxes, tensioners, guides, levers, sprockets, among others. The Automobile Parts segment provides tensioners, guides, power drive chains and others. The Material Hnadling segment provides systems for the logistics industry and others.
Tsubakimoto Chain Co. Reports Consolidated Earnings Results for the First Quarter Ended of June 30, 2016; Provides Earnings and Dividend Guidance for the Six Months Period Ending of September 30, 2016 and Year Ending of March 31, 2017
TSUBAKIMOTO CHAIN CO. 
