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Kanematsu Corporation
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Financial
Highlights of Consolidated Financial Results for the First Half of the Fiscal Year Ending March 2019: Japan
Kanematsu Corporation’s consolidated financial results for the first half of the fiscal year ending March 2019 demonstrate a period of robust growth, characterized by increases in both revenue and profitability. The company reported revenue of 357.5 billion yen, representing a 6.6% year-on-year increase, while operating profit rose by 17.6% to 15.5 billion yen. Profit attributable to owners of the parent grew by 18.5% to 8.1 billion yen, reflecting strong operational performance across its primary business segments. The company’s growth was driven by significant contributions from the Motor Vehicles & Aerospace, Electronics & Devices, and Foods & Grain segments. Specifically, the Electronics & Devices segment benefited from solid demand in ICT solutions and synergies within the mobile phone sales business. The Foods & Grain segment maintained steady performance through strong meat and feedstuff sales, while the Steel, Materials & Plant segment saw an increase in profit despite a slight decline in revenue, bolstered by improved oilfield tubing business in North America. Financial stability remained a priority during this period, with shareholders' equity increasing by 6.7 billion yen to 122.7 billion yen, largely due to higher retained earnings. The equity ratio improved to 23.2%, and the net debt-equity ratio remained stable at 0.5 times. Cash flow from operating activities reached 2.2 billion yen, while net cash used in investing activities was 1.4 billion yen, primarily directed toward the acquisition of property, plant, and equipment. These results, prepared in accordance with International Financial Reporting Standards (IFRS), underscore a positive trajectory for the company as it maintains a consistent dividend policy and continues to leverage its diversified industrial portfolio.
Kanematsu CorporationNov 2018
Financial
Highlights of Consolidated Financial Results: First Half of the Fiscal Year Ending March 2018
Kanematsu Corporation’s consolidated financial results for the first half of the fiscal year ending March 2018 demonstrate sustained growth and improved profitability. The company reported revenue of 335.2 billion yen, representing a 3.0% year-on-year increase, while operating profit rose significantly by 39.5% to 13.1 billion yen. Profit attributable to owners of the parent reached 6.8 billion yen, a 67.8% increase compared to the same period in the previous fiscal year. These results reflect the company’s ongoing operational success and effective management of its diverse business segments. The financial position of the company strengthened during this period, with shareholders' equity increasing by 8.8 billion yen to 109.1 billion yen, driven primarily by higher retained earnings. This growth improved the equity ratio to 22.4%, up 1.5 percentage points from the previous fiscal year-end. Simultaneously, the company reduced its net interest-bearing debt by 1.2 billion yen, resulting in a more favorable net debt-equity ratio of 0.5 times. Cash flow from operating activities provided 3.2 billion yen, supporting the company's capital allocation and dividend plans. Performance across business segments was largely positive. The Steel, Materials & Plant segment served as a primary driver for revenue growth, while the Electronics & Devices and Foods & Grain segments contributed to the increase in gross profit. Specifically, the Electronics & Devices segment benefited from firm demand in ICT solutions and mobile business synergies, alongside expanded semiconductor equipment sales in China. Conversely, the Motor Vehicles & Aerospace segment experienced a decline in both revenue and profit, largely due to sluggish performance in the aerospace sector. These results are reported under International Financial Reporting Standards (IFRS) and reflect the company's strategic focus on maintaining stable, diversified operations.
Kanematsu CorporationNov 2017
