Argo Graphics Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2016
February 03, 2016 at 07:02 pm IST
Share
Argo Graphics Inc. reported consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales of JPY 6,952.101 million compared to JPY 6,394.534 million a year ago. Operating income was JPY 321.35 million compared to operating income of JPY 297.29 million a year ago. Ordinary income was JPY 373.21 million compared to ordinary income of JPY 360.78 million a year ago. Profit attributable to owners of the parent was JPY 215.59 compared to JPY 254.36 million a year ago. Net income per diluted share was JPY 99.35 compared to JPY 100.61 a year ago. Income before income taxes and non-controlling interest was JPY 373.21 million compared to JPY 360.78 million a year ago.
For the nine months, the company reported net sales of JPY 24,128 million compared to JPY 22,577 million a year ago. Operating income was JPY 1,544 million compared to operating income of JPY 1,447 million a year ago. Ordinary income was JPY 1,717 million compared to ordinary income of JPY 1,625 million a year ago. Profit attributable to owners of the parent was JPY 1,058 compared to JPY 1,050 million a year ago. Net income per diluted share was JPY 99.35 compared to JPY 100.61 a year ago. Income before income taxes and non-controlling interest was JPY 1,690.794 million compared to JPY 1,625.24 million a year ago. Net cash provided by operating activities was JPY 812.019 million compared to JPY 1,205.745 million a year ago. Purchase of property, plant and equipment was JPY 22.46 million compared to JPY 44.14 million a year ago. Purchase of intangible assets was JPY 1.57 million compared to JPY 25.01 million a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2016. For the full year, the company expects net sales of JPY 36,000 million, operating income of JPY 2,600 million, ordinary income of JPY 2,850 million and profit attributable to owners of parent of JPY 1,770 million or JPY 169.50 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 Third Quarter and Nine Months Ended December 31, 2015; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2016