Sanshin Electronics Co., Ltd. announced consolidated and Non-consolidated earnings results for the year ended March 31, 2018. For the year, on consolidated basis, the company reported net sales of JPY 157,257 million, operating profit of JPY 1,763 million, ordinary profit of JPY 1,787 million, net profit attributable to owners of parent of JPY 947 million or JPY 33.62 per share compared to net sales of JPY 167,654 million, operating profit of JPY 804 million, ordinary loss of JPY 952 million, net loss attributable to owners of parent of JPY 1,575 million or JPY 55.90 per share a year ago. Net profit before tax and other adjustments was JPY 1,090 million compared to net loss before tax and other adjustments of JPY 981 million a year ago.
Net cash used in operating activities was JPY 1,996 million against net cash provided by operating activities of JPY 5,068 million a year ago. Purchase of property, plant and equipment was JPY 23 million against JPY 132 million a year ago. Purchase of software was JPY 4 million against JPY 12 million a year ago. Net assets per share were JPY 2,191.19 against JPY 2,183.84 a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 101,170 million, operating profit of JPY 560 million, ordinary profit of JPY 1,155 million, net profit of JPY 490 million or JPY 17.42 per share compared to net sales of JPY 105,510 million, operating loss of JPY 716 million, ordinary loss of JPY 1,833 million, net loss of JPY 2,198 million or JPY 78.01 per share a year ago. Net assets per share were JPY 1,845.75 against JPY 1,845.78 a year ago.

The company provided consolidated earnings guidance for the first half of fiscal 2019 and year ending March 31, 2019. For the six months of fiscal 2019, the consolidated company expects net sales of JPY 73,500 million, operating profit of JPY 530 million, ordinary profit of JPY 450 million and net profit attributable to owners of parent of JPY 300 million or JPY 10.65 per share.

For the year ending March 31, 2019, the consolidated company expects net sales of JPY 166,000 million, operating profit of JPY 2,130 million, ordinary profit of JPY 1,900 million and net profit attributable to owners of parent of JPY 1,350 million or JPY 47.91 per share.

The company announced year-end dividend of JPY 23 per share for the year ended March 31, 2018 compared to JPY 15 per share a year ago. Date to start dividends distribution is June 25, 2018.

The company provided dividend guidance for the second quarter and year ending March 31, 2019. The company expects second quarter end dividend of JPY 10 per share compared to JPY 10 per share a year ago.

The company expects year-end dividend of JPY 38 per share for the year ending March 31, 2019 compared to JPY 23 per share a year ago.