Hitachi Maxell Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2016; Provides Year-End Dividend Guidance for the Year Ending March 31, 2016
January 28, 2016 at 10:00 am
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Hitachi Maxell Ltd. reported consolidated earnings results for the nine months ended December 31, 2015. For the period, the company reported net sales of JPY 119,164 million against JPY 117,594 million for the same period a year ago. Operating income was JPY 5,842 million against JPY 4,601 million for the same period a year ago. Ordinary income was JPY 5,699 million against JPY 5,273 million for the same period a year ago. Profit attributable to owners of parent was JPY 3,751 million or JPY 70.99 per share against loss attributable to owners of parent of JPY 560 million or JPY 10.60 per share for the same period a year ago. Income before income taxes and minority interests was JPY 5,699 million against JPY 785 million for the same period a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2016. For the year, the company expects net sales of JPY 157,000 million, operating income of JPY 6,500 million, ordinary income of JPY 6,100 million, profit attributable to owners of parent of JPY 4,000 million and net income per share of JPY 75.70.
The company expects to pay year end dividend of JPY 18.00 per share for the year ending March 31, 2016 against JPY 31.50 per share for the same period a year ago. Thus the total dividend would amount to JPY 36.00 per share against JPY 63.00 per share for the same period a year ago.
Maxell Ltd, formerly Maxell Holdings Ltd, is mainly engaged in the manufacturing and sales of energy, industrial materials and electric appliances and consumer products. The Company mainly operates through three business segments. The Energy segment manufactures and sells secondary batteries, such as coin type lithium secondary batteries, industrial lithium ion batteries and electrodes, and consumer lithium ion batteries, primary batteries such as lithium primary batteries and button batteries, and charger and battery packs. The Industrial Materials segment manufactures and sells optical components, functional materials, electroforming and precision parts, semiconductor-related embedded systems, mold and synthetic resin molded parts, adhesive tapes, radio-frequency identification (RFID) systems and Integrated Circuit (IC) cards, industrial rubber products and others. The Electric Appliance and Consumer segment manufactures and sells projectors, small electric equipments and others.
Hitachi Maxell Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2016; Provides Year-End Dividend Guidance for the Year Ending March 31, 2016
MAXELL, LTD. 
