Precision System Science Co., Ltd. Announces Consolidated Financial Results for the Six Months Ended December 31, 2016; Provides Earnings Guidance for the Full Year Ending June 30, 2017
February 13, 2017
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Precision System Science Co., Ltd. announced consolidated financial results for the six months ended December 31, 2016. For the period, the company reported net sales of JPY 1,938,654,000 against JPY 2,348,110,000 for the same period a year ago. Operating loss was JPY 207,842,000 against JPY 254,050,000 for the same period a year ago. Ordinary loss was JPY 177,791,000 against JPY 288,727,000 for the same period a year ago. Quarter net loss attributable to parent company was JPY 142,923,000 against JPY 261,438,000 for the same period a year ago. Net cash used in operating activities was JPY 290,031,000 against net cash provided by operating activities of JPY 208,332,000 for the same period a year ago. Purchase of property, plant and equipment was JPY 158,586,000 against JPY 136,881,000 for the same period a year ago. Purchase of non-tangible asset was JPY 10,137,000 against JPY 4,005,000 for the same period a year ago.
For the fiscal year ending June 30, 2017, the company expects sales to be JPY 4,400 million. Operating income is expected to be JPY 590 million. Ordinary income is expected to be JPY 610 million. Quarter net loss attributable to parent company is expected to be JPY 620 million. Net income per share is expected to be JPY 29.87.
Precision System Science Co., Ltd. is engaged in the development, manufacture and sales of various devices for lab (laboratory) automation and clinical diagnosis. The equipment business provides various automated equipment for lab such as deoxyribonucleic acid (DNA) automatic extractors and others, immunochemical luminescence measuring devices, specimen pretreatment devices for clinical diagnosis, and fully automated gene diagnostic equipment, among others. The reagents and consumables business provide various reagents used for DNA extraction and protein purification, as well as dedicated plastic consumables such as reaction vessel and others. The maintenance-related segment is engaged in equipment maintenance business, and the sales of spare parts (replacement parts). The contract manufacturing business is engaged in the contract manufacturing business.
Precision System Science Co., Ltd. Announces Consolidated Financial Results for the Six Months Ended December 31, 2016; Provides Earnings Guidance for the Full Year Ending June 30, 2017