Pacific Industrial Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the First Half of Fiscal 2018 and Full Year Ending March 31, 2018
July 26, 2017
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Pacific Industrial Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of ¥26,844 million against ¥24,660 million a year ago. Operating income was ¥1,915 million against ¥2,020 million a year ago. Ordinary income was ¥2,384 million against ¥1,918 million a year ago. Profit attributable to owners of parent was ¥1,687 million or ¥27.87 per fully diluted share against ¥1,280 million or ¥21.14 per fully diluted share a year ago. Income before income taxes and non controlling interests was ¥2,364 million compared to ¥1,846 million a year ago.
The company provided earnings guidance for the first half of fiscal 2018 and full year ending March 31, 2018. For the first half, the company expects net sales of ¥53,000 million, operating income of ¥3,500 million, ordinary income of ¥4,000 million, profit attributable to owners of parent of ¥2,800 million and earnings per share of ¥47.01.
For the full year ending March 31, 2018, the company expects net sales of ¥110,000 million, operating income of ¥8,700 million, ordinary income of ¥9,500 million, profit attributable to owners of parent of ¥6,700 million and earnings per share of ¥112.40.
PACIFIC INDUSTRIAL CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of press and resin products, and valve products. The Company operates through two business segments. The Press and Resin Product segment is mainly engaged in the manufacture and sale of wheel caps, engine covers, hood trunk hinges, oil pans and other press and resin products for automobile, as well as press molds, resin molds and other mold products. The Valve Product segment is mainly engaged in the manufacture and sale of tire valves, valve core products, air conditioning valves and other valve products, microcomputer control equipment and other electronic machine products, compressor related products, as well as tire pressure monitoring system (TPMS) products. The Other segment is mainly engaged in the processing of information by computer, the development and sale of software, and the provision of insurance agency service.
Pacific Industrial Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the First Half of Fiscal 2018 and Full Year Ending March 31, 2018