SMK Corp Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Second Quarter and Full Year Ending March 31, 2018; Provides Dividend Guidance for the Year Ending March 31, 2018; Announces Dividend for the Year Ended March 31, 2017, Payable on June 23, 2017
April 25, 2017
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SMK Corporation announced audited consolidated earnings results for the year ended March 31, 2017. For the year the company reported consolidated net sales of ¥62,971 million compared to ¥77,206 million a year ago. Operating income was ¥630 million compared to ¥4,171 million a year ago. Ordinary income taxes were ¥1,398 million compared to ¥3,541 million a year ago. Profit attributable to owners of parent was ¥1,017 million compared to ¥2,678 million a year ago. Net income per share diluted was ¥15.16 compared to ¥37.86 a year ago. Cash provided by operating activities was ¥4,604 million compared to ¥6,211 million a year ago. Return on equity was 3.2% against 8.0% a year ago.
For the year the company reported non-consolidated net sales of ¥52,096 million compared to ¥62,818 million a year ago. Operating loss was ¥340 million compared to ¥390 million a year ago. Ordinary income taxes were ¥2,805 million compared to ¥1,163 million a year ago. Net income was ¥2,220 million compared to ¥1,481 million a year ago. Net income per share diluted was ¥33.03 compared to ¥20.90 a year ago. Net assets per share were ¥409.74 against ¥387.52 a year ago.
For the year ending March 31, 2017, the company announced to pay dividend of ¥5.00 per share compared to ¥8.00 per share paid last year, payable on June 23, 2017.
For the second quarter and full year of fiscal 2018, the company expects to pay dividend of ¥4.00 per share compared to ¥5.00 per share paid last year.
For the Second quarter of fiscal year ending March 31, 2018, the company expects net sales of ¥30,300 million, operating income of ¥400 million, Ordinary income of ¥700 million and net income of ¥500 million or ¥7.56 per share.
For the year ending March 31, 2018, the company expects net sales of ¥65,500 million, operating income of ¥2,200 million, Ordinary income of ¥2,800 million and net income of ¥1,900 million or ¥28.74 per share.
SMK Corporation is a manufacturer of components for telecommunications and electronic equipment. The Company operates its business through four segments. The Connection System (CS) segment is primarily engaged in the manufacture and sale of coaxial connectors, flexible printed circuit (FPC) connectors, and jacks. The Functional Components (FC) segment mainly manufactures and sells switches, remote controllers and camera modules. The Touch Panel (TP) segment mainly provides pressure-sensitive resistance touch panels, capacitance type touch panels and optical touch panels. The Development Center segment includes certain expenses allocated to the CS segment, FC segment and TP segment. The Company is also engaged in the provision of components of other products, as well as real estate leasing and worker dispatching business.
SMK Corp Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Second Quarter and Full Year Ending March 31, 2018; Provides Dividend Guidance for the Year Ending March 31, 2018; Announces Dividend for the Year Ended March 31, 2017, Payable on June 23, 2017