Sanshin Electronics Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017
February 02, 2017
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Sanshin Electronics Co., Ltd. announced consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of JPY 123,944 million compared to JPY 153,680 million a year ago. Operating profit was JPY 422 million compared to JPY 1,418 million a year ago. Ordinary loss was JPY 1,328 million compared to profit of JPY 1,346 million a year ago. Net loss before tax and other adjustments was JPY 1,350 million compared to profit of JPY 1,344 million a year ago. Net profit attributable to shareholders of parent company was JPY 1,716 million or JPY 60.92 per share compared to profit of JPY 906 million or JPY 32.16 per share a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2017. For the year, the company expects net sales of JPY 164,600 million, operating profit of JPY 350 million, ordinary loss of JPY 1,150 million and net loss attributable to shareholders of parent company of JPY 1,620 million or JPY 57.49 per share.
SANSHIN ELECTRONICS CO., LTD. is a Japan-based company mainly engaged in the sales of electronic devices and the providing of information technology (IT) solutions. The Company mainly operates in two segments. The Device segment is engaged in the sales of semiconductors and electronic components to electronics manufacturers, besides, it also provides technical support such as software development and module development. The Solution segment is engaged in information and telecommunications network business which provides infrastructure design, construction, operation and maintenance services to private enterprises, government agencies and municipalities.
Sanshin Electronics Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017