Sanshin Electronics Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Revises Consolidated Earnings Guidance for the First Half of 2017; Provides Dividend Guidance for the Fiscal Second Quarter of 2017 and Full Year Ending March 31, 2017
August 03, 2016
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Sanshin Electronics Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, on consolidated basis, the company reported net sales of JPY 39,061 million compared to JPY 46,608 million a year ago. Operating loss was JPY 470 million compared to profit of JPY 281 million a year ago. Ordinary loss was JPY 1,494 million compared to profit of JPY 174 million a year ago. Net loss attributable to shareholders of parent company was JPY 1,066 million or JPY 37.86 per share compared to profit of JPY 75 million or JPY 2.67 per share a year ago. Net loss before tax and other adjustments was JPY 1,478 million against profit of JPY 173 million a year ago.
The company revised consolidated earnings guidance for the first half of 2017. For the first half, the company expects net sales to be of JPY 83,000 million. Operating loss expected to be of JPY 350 million. Ordinary loss expected to be of JPY 1,900 million. Net loss attributable to shareholders of parent company expected to be of JPY 1,800 million or JPY 63.88 per share.
The company provided dividend guidance for the fiscal second quarter of 2017 and full year ending March 31, 2017. For the second quarter, the company expects dividend of JPY 10.00.
For the full year 2017, the company expects dividend of JPY 30.00.
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. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Revises Consolidated Earnings Guidance for the First Half of 2017; Provides Dividend Guidance for the Fiscal Second Quarter of 2017 and Full Year Ending March 31, 2017