Tsubakimoto Chain Co. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017
February 07, 2017 at 05:54 pm
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Tsubakimoto Chain Co. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, net sales were JPY 144,744 million against JPY 151,517 million a year ago. Operating income was JPY 15,308 million against JPY 16,199 million a year ago. Ordinary income was JPY 15,930 million against JPY 16,868 million a year ago. Profit attributable to owners of parent was JPY 10,471 million against JPY 10,776 million a year ago. Earnings per share-basic were JPY 55.98 against JPY 57.60 a year ago.
For the year ending March 31, 2017, on consolidated basis, the company expects net sales of JPY 197,000 million, operating income of JPY 19,700 million, ordinary income of JPY 19,500 million, profit attributable to owners of parent of JPY 12,700 million or JPY 67.89 per share.
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 Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017
TSUBAKIMOTO CHAIN CO. 
