Sanshin Electronics Co., Ltd. Announces Unaudited Consolidated Earnings Results for Six Months Ended September 30, 2016; Provides Earnings Guidance for Year Ending March 31, 2017
November 07, 2016
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Sanshin Electronics Co., Ltd. announced unaudited consolidated earnings results for six months ended September 30, 2016. For the period, the company reported net sales of ¥85,308 million, operating loss of ¥192 million, ordinary loss of ¥1,684 million, loss attributable to owners of parent of ¥1,966 million or ¥69.79 diluted per share, net cash provided by operating activities of ¥1,987 million, purchase of property and equipment of ¥99 million compared to the net sales of ¥103,391 million, operating income of ¥1,153 million, ordinary income of ¥1,151 million, profit attributable to owners of parent of ¥800 million or ¥28.4 diluted per share, net cash provided by operating activities of ¥1,312 million, purchase of property and equipment of ¥46 million for the same period a year ago. Net cash provided by operating activities is due to the fact that the income resulting from decreases in inventories and consumption taxes refund receivable exceeded the expenses from trade notes and accounts receivable, which represents an increase in income of ¥674 million compared with the corresponding period of last year.
For the year ending March 31, 2017. The company forecast net sales of ¥164,600 million, operating income of ¥350 million, ordinary loss of ¥1,150 million, loss attributable to owners of parent of ¥1,620 million or ¥57.49 diluted per share.
SANSHIN ELECTRONICS CO., LTD. is a Japan-based company mainly engaged in the sales of electronic devices and the providing of information technology (IT) solutions. The Company mainly operates in two segments. The Device segment is engaged in the sales of semiconductors and electronic components to electronics manufacturers, besides, it also provides technical support such as software development and module development. The Solution segment is engaged in information and telecommunications network business which provides infrastructure design, construction, operation and maintenance services to private enterprises, government agencies and municipalities.
Sanshin Electronics Co., Ltd. Announces Unaudited Consolidated Earnings Results for Six Months Ended September 30, 2016; Provides Earnings Guidance for Year Ending March 31, 2017