Argo Graphics Inc. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2017; Provides Dividend Guidance for the Second Quarter of Fiscal 2017 and Full Year Ending March 31, 2017
August 02, 2016 at 05:28 pm IST
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Argo Graphics Inc. reported consolidated earnings results for the first quarter ended June 30, 2016. For the year, the company reported net sales of JPY 8,912 million compared to JPY 8,608 million a year ago. Operating income was JPY 775 million compared to JPY 563 million a year ago. Ordinary income was JPY 814 million compared to JPY 609 million a year ago. Profit attributable to owners of the parent was JPY 514 compared to JPY 353 million a year ago. Net income per diluted share was JPY 48.22 compared to JPY 33.37 a year ago. Income before income taxes was JPY 822.606 million compared to JPY 589.450 million a year ago. Net cash provided by operating activities was JPY 1,321.473 million compared to JPY 784.204 million a year ago. Purchase of property, plant and equipment was JPY 41.626 million compared to JPY 8.611 million a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2017. For the full year, the company expects net sales of JPY 36,000 million, operating income of JPY 2,800 million, ordinary income of JPY 3,100 million and profit attributable to owners of parent of JPY 1,900 million or JPY 178.80 per share.
For the second quarter of the fiscal year ending March 31, 2017, the company expects to pay a dividend of JPY 30 per share.
For the fiscal year ending March 31, 2017, the company expects to pay a dividend of JPY 30 per share.
ARGO GRAPHICS Inc. is a Japan-based company engaged in the product lifecycle management (PLM) business and electronic design automation (EDA) business. The PLM segment consists of PLM solution business, system building support business and hardware maintenance and other business. The PLM solution business is engaged in the provision of PLM solutions, which target at the productivity improvement in manufacturing processes. The system building support business provides system building support services for the servers and personal computer (PC) clusters of manufacturers. The hardware maintenance (HM) and other business maintains the machines provided by the PLM solution and the system building support businesses. The EDA segment sells computer aided design (CAD) systems for electronic components and micro fabrication, including large scale integrated circuits, liquid crystal displays and other flat panel displays (FPD), magnetic head and micro machine.
Argo Graphics Inc. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2017; Provides Dividend Guidance for the Second Quarter of Fiscal 2017 and Full Year Ending March 31, 2017
ARGO GRAPHICS INC. 
