SMK Corporation Reports Consolidated Earnings Results for the First Half Ended September 30, 2017; Provides Consolidated Earnings and Dividend Guidance for the Year Ending March 31, 2018; Announces Second Quarter Dividend, Payable on November 20, 2017
October 24, 2017
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SMK Corporation reported consolidated earnings results for the first half ended September 30, 2017. For the period, the company reported net sales of JPY 29,393 million against JPY 31,708 million a year ago. Operating income was JPY 598 million against JPY 747 million a year ago. Ordinary income was JPY 1,095 million against loss of JPY 853 million a year ago. Net income attributable to owners of parent was JPY 900 million against loss of JPY 1,079 million a year ago. Earnings per share were JPY 13.62 against loss of JPY 15.87 a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2018. For the year, the company expects net sales of JPY 62,500 million, operating income of JPY 2,400 million, ordinary income of JPY 2,700 million, net income attributable to owners of parent of JPY 2,900 million and earnings per share of JPY 43.87.
For the six months, the company reported second quarter end dividend of JPY 4.00 per share against JPY 5.00 per share paid for the same period a year ago. The dividend will be payable on November 20, 2017.
For the year, the company reported fiscal yearend dividend of JPY 4.00 per share against JPY 5.00 per share paid for the same period a year ago.
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 Corporation Reports Consolidated Earnings Results for the First Half Ended September 30, 2017; Provides Consolidated Earnings and Dividend Guidance for the Year Ending March 31, 2018; Announces Second Quarter Dividend, Payable on November 20, 2017