Precision System Science Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended December 31, 2014; Provides Earnings Guidance for the Fiscal Year Ending June 30, 2015
February 12, 2015
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Precision System Science Co., Ltd. reported consolidated earnings results for the six months ended December 31, 2014. For the six months, the company reported net sales of JPY 2,459 million compared to JPY 1,907 million a year ago. Operating loss was JPY 289 million compared to JPY 223 million a year ago. Ordinary loss was JPY 208 million compared to JPY 130 million a year ago. Net loss was JPY 219 million compared to net income of JPY 1,289 million a year ago. Net loss per share was JPY 12.01 compared to net income per share of JPY 70.64 a year ago. Net cash used in operating activities was JPY 625.622 million compared to net cash provided by operating activities of JPY 64.908 million a year ago. Purchase of property plant and equipment was JPY 128.631 million compared to JPY 175.158 million a year ago. Purchase of non-tangible assets was JPY 3.228 million compared to JPY 33.708 million a year ago. Loss before income taxes and others was JPY 213.51 million compared to income before income taxes and others of JPY 3,692.321 million a year ago.
The company provided earnings guidance for the fiscal year ending June 30, 2015. For the year, the company expects sales of JPY 5,000 million, operating loss of JPY 400 million, ordinary loss of JPY 330 million, net loss of JPY 350 million or net loss per share of JPY 19.18.
Precision System Science Co., Ltd. is engaged in the development, manufacture and sales of various devices for lab (laboratory) automation and clinical diagnosis. The equipment business provides various automated equipment for lab such as deoxyribonucleic acid (DNA) automatic extractors and others, immunochemical luminescence measuring devices, specimen pretreatment devices for clinical diagnosis, and fully automated gene diagnostic equipment, among others. The reagents and consumables business provide various reagents used for DNA extraction and protein purification, as well as dedicated plastic consumables such as reaction vessel and others. The maintenance-related segment is engaged in equipment maintenance business, and the sales of spare parts (replacement parts). The contract manufacturing business is engaged in the contract manufacturing business.
Precision System Science Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended December 31, 2014; Provides Earnings Guidance for the Fiscal Year Ending June 30, 2015