Seiko Holdings Corp. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016; Provides Dividend Guidance for the Year Ending March 31, 2016
February 09, 2016
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Seiko Holdings Corp. reported consolidated earnings results for the nine months ended December 31, 2015. For the period, the company's net sales were JPY 228,963 million compared to JPY 217,376 million a year ago. Operating income was JPY 13,634 million compared to JPY 11,334 million a year ago. Ordinary income was JPY 14,102 million compared to JPY 12,626 million a year ago. Profit attributable to owners of parent was JPY 12,678 million compared to JPY 23,991 million a year ago. Earnings per share were JPY 61.36 compared to JPY 116.09 a year ago.
For the year ending March 31, 2016, the company expects net sales of JPY 305.0 billion, operating income of JPY 14.0 billion, ordinary income of JPY 13.0 billion and profit attributable to owners of parent of JPY 12.0 billion or JPY 58.07 per share.
For the fiscal year 2016, the company expects to pay dividend of JPY 12.50 per share compare to JPY 10.00 per share announced a year ago.
Seiko Group Corp is a Japan-based company mainly engaged in the operation of watch business, electronic device business and system solution business. The Company operates through three business segments. The Watch segment is engaged in the manufacture, wholesale and retail of watches and watch movements, as well as watch repair and after-sales service. The Electronic Device segment is engaged in the manufacture and sale of crystal oscillators, batteries and materials, printers, and precision parts. The System Solution segment is engaged in the manufacture and sale of products related to wireless communication equipment, information network systems, and data services. The Company also operates the time creation and wako business, including the sale of equipment clocks and sports timing equipment, the development manufacture, sale, repair and after-sales service of clocks, the retail of luxury jewelry, apparel and miscellaneous goods, and real estate leasing business.
Seiko Holdings Corp. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016; Provides Dividend Guidance for the Year Ending March 31, 2016
SEIKO GROUP CORPORATION 
