Hitachi Maxell Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
January 27, 2017 at 08:30 pm IST
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Hitachi Maxell Ltd. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of JPY 101,054 million against JPY 119,164 million for the same period a year ago. Operating income was JPY 5,279 million against JPY 5,842 million for the same period a year ago. Ordinary income was JPY 5,167 million against JPY 5,699 million for the same period a year ago. Profit attributable to owners of parent was JPY 3,209 million or JPY 60.73 per share against JPY 3,751 million or JPY 70.99 per share for the same period a year ago. Income before income taxes and minority interests was JPY 4,287 million against JPY 5,699 million for the same period a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2017. For the year, the company expects net sales of JPY 140,000 million, operating income of JPY 6,000 million, ordinary income of JPY 5,600 million, profit attributable to owners of parent of JPY 3,900 million and net income per share of JPY 73.81.
Maxell Ltd, formerly Maxell Holdings Ltd, is mainly engaged in the manufacturing and sales of energy, industrial materials and electric appliances and consumer products. The Company mainly operates through three business segments. The Energy segment manufactures and sells secondary batteries, such as coin type lithium secondary batteries, industrial lithium ion batteries and electrodes, and consumer lithium ion batteries, primary batteries such as lithium primary batteries and button batteries, and charger and battery packs. The Industrial Materials segment manufactures and sells optical components, functional materials, electroforming and precision parts, semiconductor-related embedded systems, mold and synthetic resin molded parts, adhesive tapes, radio-frequency identification (RFID) systems and Integrated Circuit (IC) cards, industrial rubber products and others. The Electric Appliance and Consumer segment manufactures and sells projectors, small electric equipments and others.
Hitachi Maxell Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
MAXELL, LTD. 
