Yorozu Corporation Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Consolidated Earnings and Year-End Dividend Guidance for the Year Ending March 31, 2017; Announces Dividend for the Second Quarter Ended September 30, 2016, Payable on December 9, 2016
November 09, 2016
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Yorozu Corporation reported consolidated earnings results for the six months ended September 30, 2016. For the six months, the company reported net sales of ¥83,173 million compared to ¥83,560 million a year ago. Operating income was ¥2,528 million compared to ¥4,234 million a year ago. Ordinary income was ¥456 million compared to ¥3,238 million a year ago. Net income attributable to owners of parent was ¥290 million or ¥11.74 per share compared to ¥1,503 million or ¥60.24 per diluted share a year ago.
For the year ending March 31, 2017, the company expects net sales of ¥164,000 million, operating income of ¥5,000 million, ordinary income of ¥5,000 million and net income attributable to owners of parent of ¥2,500 million or ¥102.83 per share.
For the second quarter ended September 30, 2016, the company announced dividend of ¥18.00 compared to paid dividend of ¥34.00 a year ago, the dividend payable on December 9, 2016.
For the year ending March 31, 2017, the company expects year-end dividend of ¥18.00 compared to paid dividend of ¥19.00 a year ago.
YOROZU CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automotive mechanical parts, body parts and engine parts, and molds and equipment, as well as the development of business activities related to logistics, research and services related to each business. The Company operates through three regional segments including Japan, the Americas and Asia. The Company is involved in the manufacture and sale of automotive components, dies and facilities. The Company is also involved in the order receipt business, the development of parts, as well as the manpower dispatching and insurance agency business.
Yorozu Corporation Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Consolidated Earnings and Year-End Dividend Guidance for the Year Ending March 31, 2017; Announces Dividend for the Second Quarter Ended September 30, 2016, Payable on December 9, 2016