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furusato industries ltd (8087) Details

Furusato Industries, Ltd., together with its subsidiaries, provides steel frame building supplies and piping products in Japan and internationally. Its Equipment and Tools segment offers industrial equipment, such as machines, industrial tools, components, consumable supplies, and other related supplies used for production activities in the manufacturing sector through machines and industrial tools dealers. This segment also retails machines and industrial tools to the automotive sector; sells system kitchens, bath units, vanity units, toilets, and other related products to builders, constructors, remodeling companies, and others at wholesale; and imports and sells machine tools, equipment, and tools. In addition, this segment is involved in the sale of shop-lifting prevention security systems; and proposal, design, construction, and maintenance of production lines and facilities. The company's Machine and Facility segment provides machine tools and large machines through machine dealers; and sells machines, facilities, industrial robots, and other related products directly to users, such as its machine and industrial tools suppliers. Its Construction and Piping Products segment retails structural members, building supplies, consumable supplies, machines, and tools to the steel fabricators who assemble steel frames of steel structure and steel reinforced concrete structure. This segment also retails equipment and tools, including pipes and fittings, valves, flanges, fastening products, and welding supplies to plumbing contractors who install, repair, and maintain piping facilities primarily in factories and manufacturing plants. The company was formerly known as Furusato Tekkosho Ltd. and changed its name to Furusato Industries, Ltd. in 1973. Furusato Industries, Ltd. was founded in 1959 and is headquartered in Osaka, Japan.

851 Employees
Last Reported Date: 06/26/14
Founded in 1959

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furusato industries ltd (8087) Key Developments

Furusato Industries Ltd. Announces Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2014; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2015; Announces Dividend for the Second Quarter Ended September 30, 2014; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2015

Furusato Industries Ltd. announced unaudited consolidated earnings results for the six months ended September 30, 2014. For the period, the company’s net sales were JPY 40,804 million against JPY 37,634 million a year ago. Operating income was JPY 1,282 million against JPY 1,073 million a year ago. Ordinary income was JPY 1,436 million against JPY 1,205 million a year ago. Net income was JPY 896 million or JPY 61.82 per share against JPY 699 million or JPY 48.18 per share a year ago. Income before income taxes was JPY 1,495,525,000 against JPY 1,226,438,000 a year ago. Net cash provided by operating activities was JPY 1,284,073,000 against JPY 1,473,494,000 a year ago. Purchase of property, plant and equipment was JPY 525,006,000 against JPY 555,529,000 a year ago. Purchase of investment securities was JPY 234,635,000 against JPY 57,236,000 a year ago. Adjusted operating income was JPY 56,764,000 against JPY 15,216,000 a year ago. The company provided consolidated earnings guidance for the fiscal year ending March 31, 2015. For the full year, the company expects net sales of JPY 82,300 million, operating income of JPY 2,880 million, ordinary income of JPY 3,180 million and net income of JPY 1,820 million or JPY 125.52 per share. The company announced dividend of JPY 5.00 per share for the second quarter ended September 30, 2014. The company provided dividend guidance for the fiscal year ending March 31, 2015. For the year, the company expects year end dividend of JPY 33.00 per share, annual dividend of JPY 38.00 per share.

Furusato Industries, Ltd. Revises Consolidated and Non-Consolidated Earnings Guidance for the Six Months Ending September 30, 2014

Furusato Industries Ltd. revised consolidated and non-consolidated earnings guidance for the six months ending September 30, 2014. For the period, on consolidated basis, net sales are expected to be JPY 40,804 million against JPY 39,500 million as previously reported. Operating income is expected to be JPY 1,282 million against JPY 1,160 million as previously reported. Ordinary income is expected to be JPY 1,436 million against JPY 1,300 million as previously reported. Net Income is expected to be JPY 896 million against JPY 780 million as previously reported. Net income per share is expected to be JPY 61.82 against JPY 53.79 a year ago. For the period, on non- consolidated basis, net sales are expected to be JPY 13,609 million against JPY 12,500 million as previously reported. Operating income is expected to be JPY 772 million against JPY 560 million as previously reported. Ordinary income is expected to be JPY 870 million against JPY 625 million as previously reported. Net income is expected to be JPY 529 million against JPY 375 as previously reported. Net income per share is expected to be JPY 36.49 against JPY 25.86 a year ago. On both consolidated and non-consolidated bases, Furusato expects operating income, ordinary income and net income to surpass the previous forecasts due to higher-than-expected growth in net sales.

Furusato Industries Ltd. to Report Q2, 2015 Results on Oct 31, 2014

Furusato Industries Ltd. announced that they will report Q2, 2015 results on Oct 31, 2014

 

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