Toyo Machinery & Metal Co. Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Declares Dividend, with Payment Date on December 5, 2016; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2017
October 26, 2016
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Toyo Machinery & Metal Co. Ltd. announced consolidated earnings results for the six months ended September 30, 2016. For the six months, the company announced net sales of JPY 13,275 million against JPY 13,171 million a year ago. Operating income was JPY 723 million against JPY 877 million a year ago. Income before income taxes and minority interests was JPY 598 million against JPY 902 million a year ago. Profit attributable to owners of the parent was JPY 352 million or JPY 18.73 per basic share against JPY 711 million or JPY 34.53 per basic share a year ago.
The company declared dividend for the second quarter ended as on September 30, 2016, at the rate of JPY 7.00 per share compared to JPY 5.00 per share paid a year ago. Scheduled date of commencement of dividend payments is December 5, 2016.
For the fiscal year ending March 31, 2017, the company expects to pay year-end dividend of JPY 8.00 per share compared to JPY 10.00 per share paid a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2017. For the full year, the company expects to report net sales of JPY 27,000 million, operating income of JPY 1,830 million, ordinary income of JPY 1,740 million and profit attributable to owners of the parent company of JPY 1,270 million or JPY 67.54 per share.
TOYO MACHINERY & METAL CO., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of injection molding machines and die casting machines. The Company is engaged in the manufacture and sale of plastic injection molding machines such as electric servo injection molding machines, two-color and different material molding machines, all-electric vertical molding machines, optical disk molding machines, ultra-precision molding machines and peripheral devices and parts, die casting machines such as electric servo die casting machines, hydraulic die casting machines and peripheral devices and parts. The Company is also engaged in the maintenance, installation and sale support of molding machines and die casting machines.
Toyo Machinery & Metal Co. Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Declares Dividend, with Payment Date on December 5, 2016; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2017