FinancialHibiya Engineering
Summary of Consolidated Financial Results: Second Quarter Fiscal Year Ending March 31, 2018 (Japan)
1 Nov 20179 pages~10 min full read
Profit attributable to owners of the parent surged 454.8% to 5,006 million yen, driven primarily by 4,523 million yen in extraordinary income from the sale of investment securities.
See it on page 4Core operational performance declined, with net sales falling 6.4% to 27,705 million yen and operating profit dropping 54.1% to 708 million yen for the six months ending September 30, 2017.
See it on page 4Orders received showed resilience, increasing 3.6% year-on-year to 35,654 million yen due to steady demand in the construction sector for redevelopment and capital expenditures.
See it on page 4Hibiya Engineering maintains a strong financial position with an equity ratio of 80.5% and total assets of 82,615 million yen as of September 30, 2017.
See it on page 1Management reaffirmed its full-year fiscal forecast for March 2018, projecting net sales of 75,000 million yen and an operating profit of 4,000 million yen.
See it on page 1Total liabilities decreased significantly to 14,302 million yen during the period, largely due to a reduction in notes and accounts payable.
See it on page 4The consolidated financial results for Hibiya Engineering, Ltd. for the second quarter of the fiscal year ending March 31, 2018, reflect a period of mixed operational performance against a backdrop of moderate economic recovery in Japan. While the company experienced a decline in core profitability, significant gains from the sale of investment securities bolstered the bottom line. The report covers the six-month period from April 1, 2017, to September 30, 2017, and adheres to Japanese GAAP accounting standards.
Operational data indicates that net sales decreased by 6.4% year-on-year to 27,705 million yen, and operating profit fell by 54.1% to 708 million yen. Ordinary profit also saw a decline of 37.8% to 918 million yen. Despite these operational contractions, profit attributable to owners of the parent surged by 454.8% to 5,006 million yen, primarily driven by 4,523 million yen in extraordinary income generated from the sale of investment securities. Orders received during the period showed resilience, increasing by 3.6% to 35,654 million yen, supported by steady demand in the construction sector for redevelopment and productivity-enhancing capital expenditures.
The company’s financial position remains stable, with total assets of 82,615 million yen and an equity ratio of 80.5% as of September 30, 2017. Total liabilities decreased significantly to 14,302 million yen, largely due to a reduction in notes and accounts payable. Management has maintained its full-year forecast for the fiscal year ending March 2018, projecting net sales of 75,000 million yen and an operating profit of 4,000 million yen. No changes were reported regarding accounting principles, significant subsidiaries, or going concern assumptions during this reporting period.
