Yorozu Corporation Reports Consolidated Earnings Results for the Third Quarter Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018; Provides Dividend Guidance for the Year Ending March 31, 2018
February 08, 2018
Share
Yorozu Corporation reported consolidated earnings results for the third quarter ended December 31, 2017. For the period, the company reported net sales of JPY 126,937 million against JPY 122,961 million a year ago. Operating income was JPY 3,637 million against JPY 4,231 million a year ago. Ordinary income was JPY 4,432 million against JPY 4,535 million a year ago. Net income attributable to owners of parent was JPY 2,802 million or JPY 116.13 per diluted share against JPY 2,855 million or JPY 115.44 per diluted share a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2018. For the year, the company expects net sales of JPY 171,800 million, operating income of JPY 5,550 million, ordinary income of JPY 5,450 million and net income attributable to owners of parent of JPY 2,400 million or JPY 100.97 per share.
The company expect to pay year end dividend of JPY 11.00 per share for the year ending March 31, 2018 compared JPY 40.00 per share paid for the same period 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 Third Quarter Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018; Provides Dividend Guidance for the Year Ending March 31, 2018