Sanyo Denki Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Interim Period Ending September 2017 and Full Year Ending March 31, 2018
August 01, 2017
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Sanyo Denki Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 20,480 million against JPY 17,895 million a year ago. Operating profit was JPY 1,793 million against JPY 1,050 million a year ago. Profit before tax was JPY 1,904 million against JPY 735 million a year ago. Profit was JPY 1,473 million against JPY 568 million a year ago. Profit attributable to the owner of the parent was JPY 1,473 million against JPY 568 million a year ago. Earnings per basic share were JPY 24.1 against JPY 9.24 a year ago. Net cash flows from operating activities was JPY 1,246 million against JPY 2,384 million a year ago. Purchase of property, plant and equipment was JPY 978 million against JPY 350 million a year ago. Purchase of intangible assets was JPY 214 million against JPY 206 million a year ago.
For the interim period ending September 30, 2017, the company expects revenue of JPY 40,800 million, operating profit of JPY 3,100 million, profit before tax of JPY 3,200 million profit attributable to the owner of the parent of JPY 2,400 million and basic earnings per share of JPY 39.25.
For the full year ending March 31, 2018, the company expects revenue of JPY 82,500 million, operating profit of JPY 6,500 million, profit before tax of JPY 6,600 million, profit attributable to the owner of the parent of JPY 4,900 million and basic earnings per share of JPY 400.72.
SANYO DENKI CO., LTD. is a Japan-based company engaged in the production and sale of cooling fans, power supply devices and servomotors. The Company operates through five geographic segments including Japan, North America, Europe, East Asia, Southeast Asia. The Company is engaged in the cooling system business, power system business and servo system business. The cooling system business is engaged in the development, manufacture and sale of cooling fans and cooling systems. The power systems business is engaged in the development, manufacture and sale of uninterruptible power supplies, engine generators and power conditioners for photovoltaic systems. The servo system business is engaged in the development, manufacture and sale of servo motors, stepping motors, encoders, drive units and control systems.
Sanyo Denki Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Interim Period Ending September 2017 and Full Year Ending March 31, 2018