Ushio Inc. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2013; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2014
October 30, 2013
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Ushio Inc. announced consolidated earnings results for the six months ended September 30, 2013. For the six months, the company reported net sales of ¥75,754 million against ¥71,314 million a year ago. Operating income was ¥5,845 million against ¥3,837 million a year ago. Ordinary income was ¥7,763 million against ¥3,203 million a year ago. Income before income taxes and minority interests was ¥7,067 million against ¥2,824 million a year ago. Net income was ¥5,158 million or ¥39.34 per share against ¥1,303 million or ¥9.94 per share a year ago. Net cash provided by operating activities was ¥5,141 million against ¥7,893 million a year ago. Purchase of property, plant and equipment was ¥2,393 million against ¥3,258 million a year ago. Purchase of intangible assets was ¥140 million against ¥87 million a year ago.
The company provided earnings guidance for the fiscal year ending March 31, 2014. For the year, the company expects net sales of ¥160,000 million, operating income of ¥12,500 million, ordinary income of ¥14,500 million and net income of ¥10,000 million or ¥76.26 per share.
USHIO INC. is a company primarily engaged in the manufacture and sale of light source products, equipment and industrial equipment. The Company operates in two business segments. The Light Source segment manufactures and sells halogen lamps, xenon lamps, high-pressure ultraviolet (UV) lamps and excimer lamps. The Equipment segment manufactures and sells projectors for movie theaters and related equipment, ultraviolet curable equipment, various lighting equipment, excimer-related equipment. The Company is also involved in the manufacture and sale of injection molding machines, food packaging machines and audio equipment, the holding and management of subsidiaries, as well as the agency of insurance.
Ushio Inc. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2013; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2014