Toyo Denki Seizo K.K. Reports Consolidated Earnings Results for the First Quarter Ended August 31, 2017; Provides Dividend Guidance for the Full Year Ending May 31, 2018; Provides Earnings guidance for the First Half of Fiscal 2018 and Full Year Ending May 31, 2018
October 12, 2017
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Toyo Denki Seizo k.k. reported consolidated earnings results for the first quarter ended August 31, 2017. For the quarter, the company's net sales were JPY 6,958 million compared to JPY 7,767 million a year ago. Operating loss was JPY 826 million compared to JPY 533 million a year ago. Ordinary loss was JPY 701 million compared to JPY 659 million a year ago. Net loss attributable to owners of the parent was JPY 400 million or JPY 42.44 per share compared to JPY 452 million or JPY 47.25 per share a year ago. Loss before income taxes was JPY 530 million compared to JPY 683 million a year ago.
The company provided dividend guidance for the year ending May 31, 2018. For the year, the company expects to pay year-end dividend of JPY 30 per share compared to JPY 30 per paid in a year ago.
The company provided earnings forecast for the first half of fiscal 2018 and full year ending May 31, 2018. For the first half of fiscal 2018, the company expects net sales of JPY 19,500 million, operating income of JPY 200 million, ordinary income of JPY 300 million and net income attributable to owners of the parent of JPY 300 million or JPY 31.65 per share.
For the full year ending May 31, 2018, the company expects net sales of JPY 43,000 million, operating income of JPY 1,700 million, ordinary income of JPY 1,900 million and net income attributable to owners of the parent of JPY 1,500 million or JPY 158.24 per share.
Toyo Denki Seizo KK is a Japan-based company mainly engaged in the manufacture and sale of electrical machinery and equipment for the transportation, industrial and information and communication technology (ICT) business, and related work. The transportation segment is engaged in manufacture and sale of electrical equipment for railway vehicles, new transportation system vehicles, special vehicles, and power storage devices for railways, and related work. The industrial segment is engaged in manufacture and sale of industrial production and processing equipment systems, automotive test systems, power generation and power supply systems, water and sewage equipment systems, on-board electrical equipment, and other ancillary works. The ICT Solutions segment is engaged in the manufacture and sale of station equipment systems, Internet of Things (IoT) solutions (cloud-based remote monitoring and control systems), and other related work. It is also engaged in worker dispatch business.
Toyo Denki Seizo K.K. Reports Consolidated Earnings Results for the First Quarter Ended August 31, 2017; Provides Dividend Guidance for the Full Year Ending May 31, 2018; Provides Earnings guidance for the First Half of Fiscal 2018 and Full Year Ending May 31, 2018
TOYO DENKI SEIZO K.K. 
