Shizuki Electric Company Inc. Declares Dividend for the Year Ended March 2018, Payable on June 8, 2018; Provides Dividend Guidance for the Second Quarter and Full Year Ending March 2019; Announces Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2018
May 14, 2018 at 12:00 am
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Shizuki Electric Company Inc. declared dividend of JPY 6.00 per share for the year ended March 2018 against JPY 6.00 per share paid a year ago. Dividend payable date is June 8, 2018.
The company expects to pay a second quarter dividend of JPY 5.00 per share against JPY 5.00 per share paid a year ago.
The company expects to pay a year-end dividend of JPY 6.00 per share for the year ending March 2019 against JPY 6.00 per share paid a year ago.
The company announced consolidated and non-consolidated earnings results for the full year ended March 31, 2018. For the year, on consolidated basis, the company announced net sales of JPY 20,168 million against JPY 20,933 million a year ago. Operating income was JPY 1,219 million against JPY 1,456 million a year ago. Ordinary profit was JPY 1,504 million against JPY 1,766 million a year ago. Profit attributable to owners of parent company was JPY 87 million or JPY 2.64 per basic share against JPY 925 million or JPY 29.84 per basic share a year ago. Rate of return on equity was 0.4% compared to 4.4% for the same period a year ago. Ordinary income to total assets ratio was 5.2% compared to 6.6% for the same period a year ago. Operating income to net sales ratio was 6.0% compared to 7.0% for the same period a year ago. Net assets per share were JPY 669.58 against JPY 677.61 a year ago. Cash flows from operating activities were JPY 1,402 million against JPY 33 million a year ago.
The company provided consolidated earnings guidance for the first six months ending September 2018 and for the full year ending March 2019. For the first six months, the company expects to report net sales of JPY 10,000 million, operating income of JPY 515 million, ordinary income of JPY 550 million and profit attributable to owners of parent of JPY 220 million or JPY 6.67 per basic share.
For the full year, the company expects to report net sales of JPY 21,000 million, operating income of JPY 1,240 million, ordinary income of JPY 1,360 million and profit attributable to owners of parent of JPY 650 million or JPY 19.70 per basic share.
For the year, on non-consolidated basis, the company announced net sales of JPY 18,453 million against JPY 18,816 million a year ago. Operating income was JPY 1,438 million against JPY 1,400 million a year ago. Ordinary profit was JPY 1,467 million against JPY 1,455 million a year ago. Profit was JPY 740 million or JPY 22.43 per basic share against JPY 828 million or JPY 26.70 per basic share a year ago.
SHIZUKI ELECTRIC COMPANY INC. is a Japan-based company mainly engaged in the manufacture and sale of film capacitors and related products, as well as the power equipment system business. The Company operates in two business segments. The Capacitor and Module segment is engaged in the manufacture and sale of capacitors for air conditioners, automobiles, washing equipment, ventilation fans, railway vehicles, control equipment and others. The Electric Power Equipment System segment is engaged in the manufacture and sale of electric power equipment such harmonic countermeasure equipment, railway power supply equipment, electric furnace equipment, power receiving and transforming equipment, instantaneous voltage drop compensation devices and others. The Company is also engaged in the information equipment system business. The Company operates within the domestic market and to overseas markets, including the United States, China and Southeast Asian.
Shizuki Electric Company Inc. Declares Dividend for the Year Ended March 2018, Payable on June 8, 2018; Provides Dividend Guidance for the Second Quarter and Full Year Ending March 2019; Announces Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2018
SHIZUKI ELECTRIC COMPANY INC. 
