Sanshin Electronics Co., Ltd. Reports Consolidated Earnings Results for the First Half Ended September 30, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016; Provides Dividend Guidance for Second Quarter and Year End of 2016, Payable on December 1, 2015
November 05, 2015
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Sanshin Electronics Co., Ltd. Reported consolidated earnings results for the first half ended September 30, 2015. The company reported net sales of JPY 103,391 million, operating profit of JPY 1,153 million, ordinary profit of JPY 1,151 million, net profit of JPY 800 million or JPY 28.40 per share against net sales of JPY 100,238 million, operating profit of JPY 1,386 million, ordinary profit of JPY 1,232 million, net profit of JPY 794 million or JPY 28.19 per share a year ago. Net cash provided by operating activities JPY 1,312 million against net cash used in operating activities of JPY 8,158 million a year ago. Purchase of property and equipment was JPY 46 million against JPY 31 million a year ago. Net profit before tax and other adjustments was JPY 1,150 million against JPY 1,229 a year ago.
For the year ending March 31, 2016, the company expects net sales of JPY 220,000 million, operating profit of JPY 3,400 million, ordinary profit of JPY 3,300 million and net profit of JPY 2,300 million or JPY 81.62 per share.
For the second quarter of 2016, the company expects dividend of JPY 10.00 per share, payable on December 1, 2015.
For the year ending March 31, 2016, the company expects year end dividend of JPY 30.00 per share, payable on December 1, 2015.
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. Reports Consolidated Earnings Results for the First Half Ended September 30, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016; Provides Dividend Guidance for Second Quarter and Year End of 2016, Payable on December 1, 2015