Yutaka Giken Co.,Ltd. Reports Consolidated Earnings Results for the First Six Months Ended September 30, 2017; Declares Cash Dividend for the Second Quarter Ended September 30, 2017, Payable on December 5, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018; Provides Dividend Guidance for the Year Ending March 31, 2018
October 25, 2017
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Yutaka Giken Co.,Ltd. reported consolidated earnings results for the first six months ended September 30, 2017. For the period, the company reported revenue of JPY 84,448 million against JPY 73,467 million for the same period a year ago. Operating profit was JPY 4,291 million against JPY 5,674 million for the same period a year ago. Profit before tax was JPY 4,695 million against JPY 4,428 million for the same period a year ago. Profit attributable to owners of parent was JPY 2,522 million against JPY 2,361 million for the same period a year ago. Basic earnings per share were JPY 170.16 against JPY 159.34 for the same period a year ago. Net cash flows from operating activities were JPY 4,953 million against JPY 8,472 million for the same period a year ago. Purchase of property, plant and equipment was JPY 4,194 million against JPY 5,756 million for the same period a year ago. Purchase of intangible assets was JPY 60 million against JPY 172 million for the same period a year ago.
The company declared a cash dividend of JPY 31.00 per share for the second quarter ended September 30, 2017 against JPY 30.00 per share for the same period a year ago. Scheduled date to commence dividend payments is December 5, 2017
The company expects to pay a cash dividend of JPY 31.00 per share for the year ending March 31, 2018 against JPY 30.00 per share for the same period a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2018. For the year, the company expects revenue of JPY 162,000 million, operating profit of JPY 11,700 million, profit before tax of JPY 12,000 million, profit attributable to owners of parent of JPY 6,000 million and basic earnings per share of JPY 404.90.
YUTAKA GIKEN CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of automotive components. The Company operates through five geographical segments include Japan, North America, Asia, China, others. The Companyâs main components include automotive components four wheels such as exhaust system components, drive system components and others, as well as automotive components two wheels, general-purpose components and other components. The Companyâs main products include torque converters, exhaust systems, brake discs, stator cores, rotors and others. The Company operates mainly in Japan, United States, Mexico, Philippines, Indonesia, China, United Kingdom, among others.
Yutaka Giken Co.,Ltd. Reports Consolidated Earnings Results for the First Six Months Ended September 30, 2017; Declares Cash Dividend for the Second Quarter Ended September 30, 2017, Payable on December 5, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018; Provides Dividend Guidance for the Year Ending March 31, 2018