Daito Electron Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter 2014 and Earnings and Dividend Guidance for the Year 2014
May 02, 2014
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Daito Electron Co., Ltd. announced consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company's Net Sales were JPY 9,749 million compared to JPY 8,433 million a year ago. Operating income was JPY 186 million compared to operating loss of JPY 9 million a year ago. Net income was JPY 109 million or JPY 9.85 compared to JPY 38 or JPY 3.50 a year ago. Net income before taxes and adjustments was JPY 198,093,000 compared to JPY 32,502,000 a year ago.
The company provided earnings guidance for the second quarter 2014. For the quarter, the company expected net sales of JPY 17,700 million, operating income of JPY 50 million, and net loss of JPY 90 million or JPY 8.10 per share.
The company provided earnings guidance for the year ended December 31, 2014. For the period, the company expected net sales of JPY 36,300 million, operating income of JPY 430 million, and net income of JPY 60 million or JPY 5.40 per share.
The company provided dividend guidance for the year 2014, For the year the company expected to pay dividend of JPY 5.00 per share.
Daitron Co., Ltd., formerly Daito Electron Co., Ltd. is mainly engaged in the manufacturing, sales, export and import of electronic products. The Company is engaged in the provision of electronic devices and components, such as electronic part and assembly product, semiconductor product, embedded systems, power equipment, image related device and part, information system and others. Its manufacturing equipment includes lighting devices, large-scale integration (LSI) manufacturing equipment, flat-panel display manufacturing devices and electronic material manufacturing devices.
Daito Electron Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter 2014 and Earnings and Dividend Guidance for the Year 2014