Shima Seiki Manufacturing Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2013; Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2012
January 29, 2013
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Shima Seiki Manufacturing Ltd. provided consolidated earnings guidance for the year ending March 31, 2013. For the year, the company forecasts net income of JPY 700 million or JPY 20.45 net income per share on net sales of JPY 34,000 million. The company forecasts ordinary income of JPY 1,400 million.
The company reported consolidated earning results for the nine months ended December 31, 2012. For the period, the company's net sales were JPY 21,341 million compared to JPY 28,675 million a year ago. Operating loss was JPY 2,193 million compared to operating income of JPY 727 million a year ago. Ordinary loss was JPY 653 million compared to JPY 2,498 million a year ago. Net loss was JPY 532 million or JPY 15.55 per share compared to JPY 2,070 million or JPY 59.89 per share a year ago.
SHIMA SEIKI MFG., LTD. is a Japan-based company mainly engaged in the manufacture and sale of flat knitting equipment, design systems, gloves and socks knitting equipment. The Company operates in three business segments. The Flat Knitting Equipment segment is engaged in the manufacture and sale of computer flat knitting equipment and semi jacquard flat knitting equipment. The Design Systems Related segment is engaged in the manufacture and sale of computer design systems, as well as apparel computer-aided design (CAD) and computer-aided manufacturing (CAM) systems. The Gloves and Socks Knitting Equipment segment is engaged in the manufacture and sale of seamless gloves and socks knitting equipment. The Company is also engaged in the manufacture, sale and trading of textile materials, the planning, manufacture and sale of textile products, the operation of hotels, the manufacture and sale of knitting equipment and design system parts, as well as the repair and maintenance business.
Shima Seiki Manufacturing Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2013; Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2012
SHIMA SEIKI MFG.,LTD. 
