Tokai Electronics, Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2012; Provides Consolidated Earnings Guidance for the Full Year Ending March 2013
April 29, 2012 at 07:33 am
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Tokai Electronics, Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2012. For the year, on consolidated basis, the company reported net sales of $37,239 million compared to $36,487 million a year ago. Ordinary income was $764 million compared to $894 million a year ago. Net income was $430 million or $40.15 per share compared to $463 million or $43.32 per share a year ago. Cash flow from operating activities of $139 million compared to $875 million a year ago.
For the year, on non-consolidated basis, the company reported net sales of $28,447 million compared to $28,027 million a year ago. Ordinary income was $518 million compared to $701 million a year ago. Net income was $249 million or $23.32 per share compared to $298 million or $27.94 per share a year ago.
The company provided consolidated earnings guidance for the full year ending March 2013. For the year, the company expects net sales of $40,000 million, ordinary income of $1,020 million and net income of $600 million or $55.99 per share. Cash flow from operating activities were $370 million a year ago.
TOKAI ELECTRONICS CO.,LTD. is a Japan-based company mainly engaged in the sale of various electronic components and related products. The Company operates through five business segments. The Kanto & Koshinetsu Company segment, the Chubu & Kansai First Company segment, and the Chubu & Kansai Second Company segment are engaged in the sale of various electronic components and related products, the maintenance and management of real estate and various equipment, as well as the provision of comprehensive solution proposals such as system and system proposals. The Overseas Solution Company segment is engaged in the sale of products mainly in China, the United States and Southeast Asia. The System Solution Company segment is engaged in the systems business, as well as the development and sale of software and provision of other services.
Tokai Electronics, Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2012; Provides Consolidated Earnings Guidance for the Full Year Ending March 2013