Seiko Holdings Corporation Announces Consolidated Earnings Results for the Year Ended March 31, 2012; Provides Earnings Guidance for the Year Ending March 31, 2013
May 10, 2012
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Seiko Holdings Corporation announced consolidated earnings results for the year ended March 31, 2012. For the year, net sales was JPY 296.9 billion, operating income was JPY 6.7 billion, ordinary income was JPY 1.3 billion and net loss was JPY 11.0 billion or JPY 60.25 per share against net sales of JPY 313.9 billion, operating income of JPY 11.7 billion, ordinary income of JPY 6.6 billion and net income of JPY 2.2 billion or JPY 12.43 per share for the same period a year ago.
For the year ending March 31, 2013, the company expects net sales of JPY 310.0 billion, operating income of JPY 11.0 billion, ordinary income of JPY 6.0 billion and net income of JPY 5.0 billion or JPY 27.34 per share.
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 Corporation Announces Consolidated Earnings Results for the Year Ended March 31, 2012; Provides Earnings Guidance for the Year Ending March 31, 2013
SEIKO GROUP CORPORATION 
