Origin Electric Company Limited Reports Consolidated and Non-Consolidated Earnings Results for the Fiscal Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019
May 11, 2018
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Origin Electric Company Limited reported consolidated and non-consolidated earnings results for the fiscal year ended March 31, 2018. For the year, on consolidated basis, the company reported net sales of JPY 33,154 million against JPY 31,301 million a year ago. Operating profit was JPY 1,822 million against JPY 930 million a year ago. Ordinary profit was JPY 1,908 million against JPY 1,180 million a year ago. Profit attributable to owners of parent was JPY 868 million against loss attributable to owners of parent of JPY 1,376 million a year ago. Earnings per share were JPY 130.62 against loss per share of JPY 206.58 a year ago. Return on equity was 4.0% against negative return on equity of 6.2% a year ago. Cash flows from operating activities were JPY 992 million against JPY 1,200 million a year ago. Profit before income taxes was JPY 1,645 million against loss before income taxes of JPY 419 million a year ago. Profit was JPY 1,186 million against loss of JPY 1,086 million a year ago. Purchase of property, plant and equipment was JPY 1,268 million against JPY 832 million a year ago. Purchase of intangible assets was JPY 95 million against JPY 164 million a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 25,087 million against JPY 23,997 million a year ago. Operating loss was JPY 26 million against JPY 778 million a year ago. Ordinary profit was JPY 624 million against JPY 15 million a year ago. Profit was JPY 348 million against loss of JPY 1,920 million a year ago. Earnings per share were JPY 52.39 against loss per share of JPY 287.74 a year ago.
For the fiscal year ending March 31, 2019, the company forecasted consolidated net sales of JPY 40,000 million, operating profit of JPY 3,000 million, ordinary profit of JPY 3,000 million and profit attributable to owners of parent of JPY 2,000 million or JPY 301.53 per basic share.
Origin Company, Limited, formerly Origin Electric Co., Ltd., is mainly engaged in the manufacture and sale of power supply equipment, semiconductor devices, precision mechanical components, system equipment and synthetic resin coating. The Company operates in four business segments. The Electronics segment involves in the manufacture and sale of power supply equipment. The Mechatronics segment involves in the manufacture and sale of system equipment. The Chemitronics segment involves in the manufacture and sale of synthetic resin coating products. The Component segment involves in the manufacture and sale of semiconductor devices and precision mechanical components.
Origin Electric Company Limited Reports Consolidated and Non-Consolidated Earnings Results for the Fiscal Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019