Wacom Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2013; Provides Dividend Guidance for the Fiscal Year 2014; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2014
January 31, 2014 at 09:24 pm IST
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Wacom Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2013. For the period, the company reported sales of JPY 57,829 million compared to JPY 41,930 million a year ago. Operating profit was JPY 6,577 million compared to JPY 5,802 million a year ago. Recurring profit was JPY 6,493 million compared to JPY 5,637 million a year ago. Net profit was JPY 4,211 million or JPY 24.92 per diluted share compared to JPY 3,594 million or JPY 22.49 per diluted share a year ago. Cash used in operating activities during the nine-month period was JPY 745 million compared to JPY 2,774 million generated in the same previous fiscal period. The main factors contributing to a decrease were a JPY 5,505 million increase in inventories and JPY 3,624 million in income tax paid. Net profit before taxes and other adjustments was JPY 6,482.769 million compared to JPY 5,638.108 million a year ago. Income before minority interests was JPY 4,211.487 million compared to JPY 3,594.112 million a year ago. Payments for Purchase of tangible assets were JPY 2,535.294 million compared to JPY 1,071.421 million a year ago.
The company forecasts year-end dividend of JPY 17.50 per share for the fiscal year 2014.
For the year ending March 31, 2014, the company expects consolidated sales of JPY 81,500 million, operating profit of JPY 9,830 million, recurring profit of JPY 9,740 million and net profit of JPY 6,340 million or JPY 38.09 per share.
Wacom Co Ltd is a Japan-based company mainly engaged in the development, manufacturing, and sale of brand products and technology solution products, as well as service operations. The Company operates through two business segments. The Technology Solutions segment is engaged in the provision of digital pens, sensors, touch panel components and modules. They are used for mobile devices such as tablet computers, e-books and mobile terminals. The Branded Products segment provides three kinds of services. Creative business provides pen tablets, mobiles and displays. The consumer business provides stylus pens, smart pads, and digital stationery. They are mainly used for illustration and memo making on digital terminals. Business solutions provides pen tablets. They are mainly used in the fields of education, medical care, and digital signatures.
Wacom Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2013; Provides Dividend Guidance for the Fiscal Year 2014; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2014