Nihon Seimitsu Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Consolidated Earnings Guidance for the Six Months and Full Year of Fiscal 2017
May 13, 2016 at 06:01 pm
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Nihon Seimitsu Co., Ltd. announced consolidated and non-consolidated earnings results for the year ended March 31, 2016. For the year, on consolidated basis, the company's the company's net sales were JPY 9,335 million compared to JPY 7,877 million a year ago. Operating income was JPY 281 million compared to JPY 95 million a year ago. Ordinary income was JPY 97 million compared to JPY 221 million a year ago. Net income attributable to owners of parent was JPY 49 million or JPY 2.75 per share compared to JPY 187 million or JPY 11.71 per share a year ago. Cash flows from operating activities was JPY 103 million compared to cash flows used in operating activities of JPY 134 million a year ago. Return on equity was 2.1% compared to 9.4% a year ago.
For the year, on non-consolidated basis, the company's sales were JPY 8,270 million compared to JPY 6,974 million a year ago. Operating income was JPY 217 million compared to operating loss of JPY 9 million a year ago. Ordinary income was JPY 155 million compared to JPY 143 million a year ago. Net income was JPY 126 million or JPY 7.06 per share compared to JPY 123 million or JPY 7.73 per share a year ago.
The company provided consolidated earnings guidance for the six months and full year of fiscal 2017. For the six months ending September 30, 2016, the company expects net sales of JPY 5,047 million, operating income of JPY 131 million, ordinary income of JPY 94 million and net income attributable to owners of parent of JPY 226 million or JPY 12.28 per share.
For the full year ending March 31, 2017, the company expects net sales of JPY 10,206 million, operating income of JPY 306 million, ordinary income of JPY 231 million and net income attributable to owners of parent of JPY 352 million or JPY 19.12 per share.
Nihon Seimitsu Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of watch-related products and glasses frames. The Company operates in three business segments. The Watch-related segment is engaged in the manufacture and sale of watch external products such as watch bands and bezels made of urethane, titanium and ceramic. The Glasses Frames segment is engaged in the manufactures and sale of titanium products, as well as the purchases and sale of cell frames. The Others segment is engaged in the manufacture and sale of fishing equipment parts, health equipment, static elimination equipment, audio equipment parts, wearable related products, deodorants and others.
Nihon Seimitsu Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Consolidated Earnings Guidance for the Six Months and Full Year of Fiscal 2017