Nihon Seimitsu Co., Ltd. Announces Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2015; Provides Earnings Guidance for the Six Months Ending September 30, 2015 and for the Year Ending March 31, 2015
May 15, 2015 at 01:17 pm
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Nihon Seimitsu Co., Ltd. announced consolidated and non consolidated earnings results for the year ended March 31, 2015. For the year, on consolidated basis, the company reported net sales of JPY 7,877 million against JPY 7,054 million a year ago. Operating income was JPY 95 million against JPY 134 million a year ago. Ordinary income was JPY 221 million against JPY 123 million a year ago. Net income was JPY 187 million against JPY 114 million a year ago. Net income per share was JPY 11.71 against JPY 7.50 a year ago. Return on equity was 9.4% against 6.8% a year ago. Net assets per share were JPY 128.96 as on March 31, 2015 against JPY 114.40 as on March 31, 2014. Net cash flows used in operating activities were JPY 134 million against net cash flows from operating activities of JPY 40 million a year ago.
For the year, on non consolidated basis, the company reported net sales of JPY 6,974 million against JPY 6,258 million a year ago. Operating loss was JPY 9 million against operating income of JPY 51 million a year ago. Ordinary income was JPY 143 million against JPY 103 million a year ago. Net income was JPY 123 million against JPY 92 million a year ago. Net income per share was JPY 7.73 against JPY 6.08 a year ago. Net assets per share were JPY 107.96 as on March 31, 2015 against JPY 94.70 as on March 31, 2014.
For the six months ending September 30, 2015, the company expected net sales of JPY 4,258 million, operating income of JPY 116 million, ordinary income of JPY 96 million and net income of JPY 84 million or JPY 4.87 per share.
For the year ending March 31, 2015, the company expected net sales of JPY 8,800 million, operating income of JPY 301 million, ordinary income of JPY 253 million and net income of JPY 223 million or JPY 12.80 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, 2015; Provides Earnings Guidance for the Six Months Ending September 30, 2015 and for the Year Ending March 31, 2015