Yorozu Corporation Announces Consolidated and Individual Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Half Year and Full Year of Fiscal Year Ending March 31, 2019; Provides Dividend Guidance for the Half Year and Full Year of Fiscal Year Ending March 31, 2019; Announces Dividend for the Year Ending March 31, 2018, Payable on June 8, 2018
May 09, 2018
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Yorozu Corporation announced consolidated and individual earnings results for the year ended March 31, 2018. For the year, on consolidated basis, the company reported net sales of JPY 171,536 million against JPY 167,723 million for the same period a year ago. Operating income was JPY 6,029 million against JPY 6,327 million for the same period a year ago. Ordinary income was JPY 5,648 million against JPY 6,265 million for the same period a year ago. Net income attributable to owners of parent was JPY 2,717 million against JPY 3,980 million for the same period a year ago. Net income per diluted share was JPY 112.56 against JPY 161.92 for the same period a year ago. Return on equity was 3.4% against 5.0% for the same period a year ago. Cash flow from operating activities was JPY 9,421 million against JPY 17,191 million for the same period a year ago.
For the year, on individual basis, the company reported net sales of JPY 58,627 million against JPY 55,596 million for the same period a year ago. Operating income was JPY 2,118 million against JPY 2,597 million for the same period a year ago. Ordinary income was JPY 2,856 million against JPY 4,450 million for the same period a year ago. Net income was JPY 2,550 million against JPY 3,768 million for the same period a year ago. Net income per diluted share was JPY 105.64 against JPY 153.28 for the same period a year ago.
The company provided consolidated earnings guidance for the half year and full year of fiscal year ending March 31, 2019. For the half year, the company expects net sales of JPY 83,500 million, operating income of JPY 2,600 million, ordinary income of JPY 2,800 million, net income attributable to owners of parent of JPY 1,600 million and net income per share of JPY 67.31.
For the year, on consolidated basis, the company expects net sales of JPY 171,000 million, operating income of JPY 6,400 million, ordinary income of JPY 6,300 million, net income attributable to owners of parent of JPY 4,000 million and net income per share of JPY 168.28.
The company announced a year-end dividend of JPY 34.00 per share against JPY 40.00 per share paid a year ago. Scheduled date for start of dividend payment will be June 8, 2018.
The company provided dividend guidance for the half year and full year of fiscal year ending March 31, 2019. For the first half, the company expects to pay a dividend of JPY 29.00 per share.
For year end, the company expects to pay a dividend of JPY 30.00 per share.
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 Announces Consolidated and Individual Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Half Year and Full Year of Fiscal Year Ending March 31, 2019; Provides Dividend Guidance for the Half Year and Full Year of Fiscal Year Ending March 31, 2019; Announces Dividend for the Year Ending March 31, 2018, Payable on June 8, 2018
YOROZU CORPORATION 
