Futaba Industrial Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the First Half and Full Year Ending March 31, 2018; Declares Dividend for the Year Ended March 31, 2017, Payable on June 1, 2017; Provides Dividend Guidance for the Full Year Ending March 31, 2018
April 26, 2017
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Futaba Industrial Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the period, on consolidated basis, the company reported net sales of JPY 412,383 million against JPY 437,640 million a year ago. Operating profit was JPY 8,976 million against JPY 3,121 million a year ago. Ordinary profit was JPY 7,542 million against JPY 636 million a year ago. Profit attributable to owners of parent was JPY 4,806 million or JPY 65.76 per share against loss attributable to owners of parent of JPY 1,195 million or JPY 17.09 per share a year ago. Return on equity was 10.0% against negative of 2.6% a year ago. Net assets per share were JPY 607.17 against JPY 593.39 a year ago. Profit before income taxes was JPY 5,619 million against JPY 533 million a year ago. Net cash provided by operating activities was JPY 26,178 million against JPY 22,751 million a year ago. Purchase of property, plant and equipment was JPY 21,128 million against JPY 19,804 million a year ago.
For the period, on non-consolidated basis, the company reported net sales of JPY 235,129 million against JPY 238,342 million a year ago. Operating profit was JPY 1,182 million against operating loss of JPY 1,889 million a year ago. Ordinary profit was JPY 2,871 million against JPY 749 million a year ago. Profit was JPY 646 million or JPY 8.85 per share against loss of JPY 3,488 million or JPY 49.87 per share a year ago. Net assets per share were JPY 425.04 against JPY 384.10 a year ago.
The company provided consolidated earnings guidance for the first half and full year ending March 31, 2018. For the first half, the company expects net sales of JPY 200,000 million, operating profit of JPY 2,000 million, ordinary profit of JPY 1,000 million and profit attributable to owners of parent of JPY 500 million or JPY 5.59 per share.
For the full year, the company expects net sales of JPY 420,000 million, operating profit of JPY 9,000 million, ordinary profit of JPY 7,500 million and profit attributable to owners of parent of JPY 6,000 million or JPY 67.05 per share.
For the year ended March 31, 2017, the company declared a dividend of JPY 3.00 per share against JPY 3.00 per share a year ago, payable on June 1, 2017.
For the year ending March 31, 2018, the company expects to pay a dividend of JPY 3.00 per share against JPY 3.00 per share a year ago.
FUTABA INDUSTRIAL CO., LTD. is a Japan-based company, primarily engaged in the manufacture and sale of automobile assembly parts, information environment equipment parts, as well as jigs and welding machines. The Company operates in four segments. The Japan segment is engaged in the manufacture and sale of automobile parts, information environment equipment parts, as well as jigs and welding machines. The North America segment is engaged in the manufacture and sale of automobile parts. The Europe segment is engaged in the manufacture and sale of automobile parts. The Asia segment is engaged in the manufacture and sale of automobile parts and information environment equipment parts.
Futaba Industrial Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the First Half and Full Year Ending March 31, 2018; Declares Dividend for the Year Ended March 31, 2017, Payable on June 1, 2017; Provides Dividend Guidance for the Full Year Ending March 31, 2018
FUTABA INDUSTRIAL CO., LTD. 
