Dai-Ichi Seiko Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Six Months Ending June 30, 2017 and Full Year Ending December 31, 2017
February 10, 2017 at 09:17 am
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Dai-ichi Seiko Co., Ltd. announced consolidated and non-consolidated earnings results for the year ended December 31, 2016. For the year, on consolidated basis, the company's net sales were ¥45,834 million compared with ¥48,749 million a year ago. Operating income was ¥401 million compared with ¥1,723 million a year ago. Ordinary income was ¥800 million compared with ¥2,344 million a year ago. Net income was ¥157 million or ¥9.41 per share compared with ¥2,355 million or ¥140.83 per share a year ago. Return on equity was 0.3% compared with 5.2% a year ago. Cash flows from operating activities were ¥4,535 million compared with ¥6,448 million a year ago.
On non-consolidated basis, the company's net sales were ¥38,178 million compared with ¥40,788 million a year ago. Operating loss was ¥1,718 million compared with ¥551 million a year ago. Ordinary loss was ¥764 million compared with operating income of ¥2,755 million a year ago. Net loss was ¥674 million or ¥40.35 per share compared with net income of ¥3,477 million or ¥207.92 per share a year ago.
For the six months ending June 30, 2017, the company forecasts net sales of ¥23,400 million, operating income of ¥350 million, ordinary income of ¥550 million, net income attributable to owners of parent of ¥320 million or ¥19.14 per share.
For the year ending December 31, 2017, the company forecasts net sales of ¥50,000 million, operating income of ¥2,000 million, ordinary income of ¥2,200 million, net income attributable to owners of parent of ¥1,500 million or ¥89.70 per share.
I-PEX Inc is a Japan-based company mainly engaged in the manufacture and sale of electronic and electrical components. The Company operates in three business segments. The Electrical and Electronic Component segment manufactures and sells connectors and related parts such as thin wire coaxial connectors and micro radio frequency (RF) coaxial connectors, as well as electronics mechanical parts. The Automobile Part segment is engaged in the manufacture and sale of automobile electrical components, such as in-vehicle sensors, in-vehicle connectors and automotive-related parts. The Equipment segment is engaged in the manufacture and sale of semiconductor resin seal equipment and molds.
Dai-Ichi Seiko Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Six Months Ending June 30, 2017 and Full Year Ending December 31, 2017