Star Micronics Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended November 30, 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2017; Provides Dividend Guidance for the Fiscal Year Ending February 28, 2017
January 10, 2017 at 10:00 am
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Star Micronics Co., Ltd. reported consolidated earnings results for the nine months ended November 30, 2016. For the period, net sales were JPY 35,134 million against JPY 40,152 million a year ago. Operating income was JPY 2,652 million against JPY 4,175 million a year ago. Ordinary income was JPY 2,464 million against JPY 3,785 million a year ago. Net income attributable to owners of parent was JPY 2,163 million against JPY 2,724 million a year ago. Diluted net income per share was JPY 50.65 against JPY 64.20 a year ago.
For the fiscal year ending February 28, 2017, on consolidated basis, the company expects net sales of JPY 44,400 million, operating income of JPY 3,300 million, ordinary income of JPY 3,100 million, net income attributable to owners of parent of JPY 2,800 million or JPY 71.99 per share.
For the fiscal year ending February 28, 2017, the company expects to pay a dividend of JPY 24 per share against JPY 23 per share paid a year ago.
STAR MICRONICS CO.,LTD. is a Japan-based company centered on manufacturing and assembly of small sized precision components and equipment. The Company operates in three segments. The Special Products segment is engaged in manufacturing and sales of small printers. The Machine Tools segment is engaged in manufacturing and sales of machine tools like computerized numerical control (CNC) automatic lathes. The Precision Products segment is engaged in manufacturing and sales of wristwatch components and various components used in automobiles, air conditioners, hard disk drives (HDD) and medical. The Company operates in Japan, the United States, China, Germany, etc.
Star Micronics Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended November 30, 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2017; Provides Dividend Guidance for the Fiscal Year Ending February 28, 2017