Disco Corporation Announces Consolidated Sales for the Third Quarter Ended December 2017 and Non-Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 2017; Provides Non-Consolidated Earnings Guidance for the Full Year of 2018
January 24, 2018
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Disco Corporation announced consolidated sales for the third quarter ended December 2017 and non-consolidated earnings results for the third quarter and nine months ended December 2017. For the quarter, on consolidated basis, the company reported sales of JPY 40,451 million.
For the quarter, on non-consolidated basis, the company reported sales of JPY 34,096 million, operating income of JPY 8,733 million, ordinary income of JPY 8,752 million, net income of JPY 5,583 million. Although the GP ratio for non-consolidated sales in the third quarter (October to December) remains almost unchanged from the previous quarter, the ordinary income decreased due to a decrease in sales and an increase in selling, general, and administration expenses (SG&A). However, due to increased sales in equipment and consumables and a higher GP ratio, ordinary income increased significantly compared to the same quarter of the previous year.
Non-consolidated operating income in the first three quarters (April to December) reached a cumulative total of JPY 30,256 million.
For the fiscal year 2018, the company expects non-consolidated operating income to be JPY 35,000 million.
Disco Corporation specializes in the manufacture and marketing of precision cutting, grinding and polishing machines, mainly for the semiconductor and electronic component industries, as well as for applications linked to generative artificial intelligence. Net sales break down by family of products as follows:
- precision machinery and equipment (64%): chain saws, laser engraving and cutting machines, grinders, polishers, wafer setters, die separators, planers and waterjet saws, etc.;
- precision processing tools and components (22%): cutting blades, dry polishing wheels and disks, diamond abrasive tools, etc.;
- other (14%): related equipment and accessories.
Net sales are distributed geographically as follows: Japan (12.2%), China (35.9%), Taiwan (11.9%), Korea (8.8%), Asia (8.4%), Americas (13.1%) and Europe (9.7%).
Disco Corporation Announces Consolidated Sales for the Third Quarter Ended December 2017 and Non-Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 2017; Provides Non-Consolidated Earnings Guidance for the Full Year of 2018