Ushio Inc. Announces Consolidated Earnings Results for the Nine Months Ended Dec. 31, 2016; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2017; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2017
January 31, 2017 at 03:30 pm
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Ushio Inc. announced consolidated earnings results for the nine months ended Dec. 31, 2016. For the nine months, the company reported net sales of ¥124,989 million against ¥134,551 million a year ago. Operating income was ¥5,733 million against ¥10,491 million a year ago. Income before income taxes was ¥9,184 million against ¥14,613 million a year ago. Profit attributable to owners of parent was ¥6,087 million or ¥47.58 per share against ¥9,547 million or ¥73.70 per share a year ago. Net cash provided by operating activities was ¥8,405 million against ¥5,898 million a year ago. Purchase of property, plant and equipment was ¥4,628 million against ¥2,982 million a year ago. Purchase of intangible assets was ¥255 million against ¥130 million a year ago. Ordinary income was ¥8,069 million against ¥13,059 million a year ago.
The company provided earnings guidance for the fiscal year ending March 31, 2017. For the year, the company expects net sales of ¥170,000 million, operating income of ¥9,000 million, ordinary income of ¥10,000 million and profit attributable to owners of parent of ¥7,000 million or ¥54.72 per share.
For the fiscal year ending March 31, 2017, the company expects dividend of ¥26.00 per share against ¥26.00 per share paid last year.
USHIO INC. is a company primarily engaged in the manufacture and sale of light source products, equipment and industrial equipment. The Company operates in two business segments. The Light Source segment manufactures and sells halogen lamps, xenon lamps, high-pressure ultraviolet (UV) lamps and excimer lamps. The Equipment segment manufactures and sells projectors for movie theaters and related equipment, ultraviolet curable equipment, various lighting equipment, excimer-related equipment. The Company is also involved in the manufacture and sale of injection molding machines, food packaging machines and audio equipment, the holding and management of subsidiaries, as well as the agency of insurance.
Ushio Inc. Announces Consolidated Earnings Results for the Nine Months Ended Dec. 31, 2016; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2017; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2017