Godo Steel, Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Full Fiscal Year Ending March 31, 2017
October 30, 2016
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Godo Steel, Ltd. reported consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported net sales of JPY 47,138 million compared to JPY 53,664 million a year ago. Operating income was JPY 1,312 million compared to of JPY 1,564 million a year ago. Ordinary income was JPY 1,603 million compared to JPY 2,037 million a year ago. Net profit attributable to owners of parent was JPY 1,196 million compared to JPY 1,940 million a year ago. Net income per share was JPY 78.51 compared to JPY 124.10 a year ago. Income before income taxes was JPY 2,016 million against JPY 1,850 million a year ago.
The company provided earnings guidance for the full fiscal year ending March 31, 2017. For the year, the company expects net sales of JPY 98,000, operating income of JPY 2,800 million, ordinary income of JPY 3,200 million, net income of JPY 2,600 million and net income per share of JPY 173.65.
Godo Steel, Ltd. is a Japan-based company mainly engaged in the steel business and agricultural materials business. The Company operates in two business segments. The Steel segment is mainly engaged in the production and sale of wire rods, section steels, steel bars, secondary processed steel products and other steel products. The Agricultural Materials segment is mainly engaged in the manufacture and sale of organic fertilizers and chemical fertilizers.
Godo Steel, Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Full Fiscal Year Ending March 31, 2017