Fuji Seal International, Inc. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
August 07, 2017
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Fuji Seal International, Inc. announced consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of ¥39,096 million against ¥38,413 million a year ago. Operating income was ¥4,174 million against ¥3,652 million a year ago. Ordinary income was ¥4,342 million against ¥3,657 million a year ago. Net income attributable to owners of the parent was ¥2,893 million or ¥50.79 per share against ¥2,322 million or ¥40.76 per share a year ago. Net cash provided by operating activities was ¥3,475 million compared with ¥2,777 for the same period a year ago. Income before income taxes was ¥4,296 million against ¥3,682 million a year ago. Purchase of tangible fixed assets was ¥1,236 million against ¥3,711 million a year ago. Purchase of intangible assets was ¥79 million against ¥147 million a year ago.
The company provided earnings guidance for the year ending March 31, 2018. For the period, the company expects net sales of ¥150,300 million, operating income of ¥11,800 million, ordinary income of ¥12,350 million and net income attributable to owners of the parent of ¥5,650 million or ¥99.17 per share.
FUJI SEAL INTERNATIONAL, INC. is a Japan-based company mainly engaged in the planning, proposing, developing, manufacturing and sales of packaging systems centered on shrink sleeve labels, self-adhesive labels (pressure sensitive labels) and spouted pouches. The Company operates in five segments: Japan segment, the Americas segment, Europe segment, PAGO segment and Association of Southeast Asian Nations (ASEAN) segment. The Company is engaged in the manufacturing and sales of packaging products, packaging machinery and related machinery as well as providing maintenance services. The Companyâs products are used in food, beverages, dairy, home and personal care and pharmaceutical products, etc.
Fuji Seal International, Inc. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018