Latest Financial Results and Full Year Forecast
Consolidated Financial Results for the First Quarter Ended June 30, 2018
In the three-month period ended June 30, 2018, conditions in the global economy proved firm due to the support of growth in developed countries witnessing strong consumption as well as in emerging countries. Resource prices were likewise solid. Meanwhile, caution is warranted going forward with regard to the potential impact on the global economy of the trade negotiations being advanced by the United States as well as the economic trends in emerging countries, which are witnessing the depreciation of their currency.
The Company’s revenue for the three-month period ended June 30, 2018, were up year on year due to increased sales in the Metals & Mineral Resources Division, a result of rises in prices and transaction volumes for coal and other resources; in the Automotive Division, a result of the acquisition of a domestic automobile dealership and other businesses.
Profit for the period (attributable to owners of the Company) rose year on year due to higher gross profit and gains on sales of automobile-related companies.
moreFinancial Results Materials
(Billions of Yen)
1Q Results |
1Q Results |
Difference |
||
|---|---|---|---|---|
| Revenue | 432.4 | 467.9 | +35.5 |  |
| Gross Profit | 51.6 | 59.9 | +8.3 | |
| Profit for the period attributable to owners of the Company | 14.6 | 19.8 | +5.2 | |
Changes of Yearly Financial Results (Cumulative)
Segment Performance [Profit for the period attributable to owners of the Company]
![Segment Performance [Profit for the Period (Attributable to owners of the Company)]](img/img02e_180801.png)
(Billions of Yen)
| FY2017 1Q | FY2018 1Q | Difference | |
|---|---|---|---|
| Automotive | 2.8 | 3.1 | +0.3 |
| Aerospace & Transportation Project | 0.4 | 0.7 | +0.3 |
| Machinery & Medical Infrastructure | (0.1) | 0.3 | +0.4 |
| Energy & Social Infrastructure | 0.2 | 0.2 | +0.0 |
| Metals & Mineral Resources | 4.2 | 8.2 | +4.0 |
| Chemicals | 2.3 | 2.2 | (0.1) |
| Foods & Agriculture Business | 2.1 | 1.2 | (0.9) |
| Retail & Lifestyle Business | 1.6 | 1.7 | +0.1 |
| Industrial Infrastructure & Urban Development |
(0.4) | (0.2) | +0.2 |
| Other | 1.5 | 2.4 | +0.9 |
Factor behind year on year change in earnings
- ■Automotive ¥ 3.1 billion (up ¥0.3 billion YoY)
- Increased due to gains on sales of automotive-related companies despite rebound from one-time income recorded in the previous equivalent period
- ■Aerospace & Transportation Project ¥ 0.7 billion (up ¥ 0.3 billion YoY)
- Increased due to gains on sales of aircraft
- ■Machinery & Medical Infrastructure ¥ 0.3 billion (up ¥ 0.4 billon YoY)
- Increased due to recording of revenue associated with infrastructure projects
- ■Energy & Social Infrastructure ¥ 0.2 billion (UP ¥ 0 billion YoY)
- Unchanged year on year
- ■Metals & Mineral Resources ¥ 8.2 billion (up ¥ 4.0 billion YoY)
- Increased due to higher prices and transaction volumes of coal and other resources
- ■Chemicals ¥ 2.2 billion (down ¥ (0.1) billion YoY)
- Unchanged year on year
- ■Foods & Agriculture Business ¥ 1.2 billion (down ¥ (0.9) billion YoY)
- Decreased due to higher material costs in overseas fertilizer businesses
- ■Retail & Lifestyle Business ¥ 1.7 billion (up ¥ 0.1 billion YoY)
- Unchanged year on year
- ■Industrial Infrastructure & Urban Development ¥ (0.2) billion (up ¥ 0.2 billion YoY)
- Unchanged year on year
- ■Other ¥2.4 billion (up ¥0.9 billion YoY)
Commodity Prices and Exchange Rates
| FY2017 Results (Apr.-Jun.'17 Avg.) |
FY2018 Assumption (Annual Avg.) |
FY2018 Results (Apr.-Jun.'18 Avg.) |
|
|---|---|---|---|
| Crude oil (Brent) | US$50.8 / bbl | US$60.0 / bbl | US$75.0 / bbl |
| Thermal Coal *1 | US$79.8 / t | US$85.0 / t | US$105.3 / t |
| Exchange rate *2 | ¥111.4 / US$ | ¥105.0 / US$ | ¥109.5 / US$ |
- *1
- The results in the above table are cited from the GlobalCOAL NEWC Index and differ from our sales prices.
- *2
- Impact of exchange rate fluctuations on earnings: ¥1/US$ change alters gross profit by approx.
¥0.5 billion annually, profit for the year (attributable to owners of the Company) by approx. ¥0.25 billion annually, and total equity by approx. ¥2.0 billion annually.
Full Year Forecast of Fiscal Year Ending March 31, 2019
(Billions of Yen)
| FY2017 Results |
FY2018 Forecast |
Difference |
|
|---|---|---|---|
| Gross Profit | 232.4 | 240.0 | +76 |
| Profit for the year attributable to owners of the Company | 56.8 | 63.0 | +62 |
Segment Performance [Profit for the year attributable to owners of the Company]
IR Event Calendar
Latest IR Materials
Featured Contents
FAQs
Contact Us
Glossary