RS Technologies Co., Ltd. Announces Consolidated Non-Consolidated Financial Results for the Year Ended December 31, 2017; and Provides Earnings Guidance for the First Half and for the Fiscal Year Ending December 31, 2018
February 12, 2018
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RS Technologies Co., Ltd. announced consolidated non-consolidated financial results for the year ended December 31, 2017. For the period on consolidated basis, the company reported net sales of JPY 10,988,295 against JPY 8,849,546 a year ago. Operating income was JPY 3,075,431 against JPY 1,557,630 a year ago. Profit before income taxes was JPY 3,223,377 against JPY 1,454,501 a year ago. Profit attributable to owners of parent was JPY 2,210,111 against JPY 869,652 a year ago. Net cash provided by operating activities was JPY 2,744,50 against JPY 964,180 a year ago. Purchase of property, plant and equipment was JPY 100,677 against JPY 759,716 a year ago. Purchase of intangible assets was JPY 4,653 against JPY 5,430 a year ago. Diluted earnings per share were JPY 190.58 against JPY 77.57 a year ago. Rate of return on equity was 47.4% against 28.2% a year ago. Cash flows from operating activities was JPY 2,744 million against JPY 964 million a year ago.
For the period on non-consolidated basis, the company reported net sales of JPY 8,503 million against JPY 7,817 million a year ago. Operating income was JPY 2,139 million against JPY 1,557 million a year ago. Profit was JPY 1,453 million against JPY 920 million a year ago. Diluted earnings per share were JPY 125.38 against JPY 82.13 a year ago. Rate of return on equity was 47.4% against 28.2% a year ago. Cash flows from operating activities was JPY 2,744 million against JPY 964 million a year ago.
The company also provided earnings guidance for the first half and for the fiscal year ending December 31, 2018. For the first half, the company expected net sales of JPY 10,043 million, Operating income of JPY 1,763 million, Profit attributable to owners of parent of JPY 1,106 million and Earnings per share of JPY 99.03.
For the fiscal year ending December 31, 2018, the company expected net sales of JPY 20,993 million, operating income of JPY 3,891 million, Profit attributable to owners of parent of JPY 2,585 million and Earnings per share of JPY 231.40.
RS Technologies Co., Ltd. is a Japan-based company primarily engaged in the silicon wafer recycling business. The Company operates in three business segments. The Wafer segment is engaged in the recycling, process and sale of silicon wafers for semiconductors. The Prime Silicon Wafer Manufacture and Sale segment is engaged in the process and sale of silicon wafers for products including prime silicon wafers. The Semiconductor Production Equipment Purchase and Sale segment is engaged in sale of second-hand semiconductor related machinery and consumable goods to China. The Company is also engaged in solar business and technical consulting business.
RS Technologies Co., Ltd. Announces Consolidated Non-Consolidated Financial Results for the Year Ended December 31, 2017; and Provides Earnings Guidance for the First Half and for the Fiscal Year Ending December 31, 2018