Ubiteq, Inc. Revises Consolidated and Non-Consolidated Earnings Guidance for the Year Ending June 30, 2012
May 10, 2012
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Ubiteq, Inc. revised consolidated and non-consolidated earnings guidance for the year ending June 30, 2012. For the year ending June 30, 2012, on consolidated basis, the company now expects net sales of JPY 3,500 million, operating income of JPY 190 million, ordinary income of JPY 200 million and net income of JPY 95 million or JPY 665.26 per share compared to net sales of JPY 4,100 million, operating income of JPY 450 million, ordinary income of JPY 450 million and net income of JPY 220 million or JPY 1,542.99 per share as previously reported.
For the year ending June 30, 2012, on non-consolidated basis, the company now expects net sales of JPY 3,400 million, ordinary income of JPY 420 million and net income of JPY 200 million or JPY 1,402.72 per share compared to net sales of JPY 2,800 million, ordinary income of JPY 140 million and net income of JPY 65 million or JPY 455.18 per share as previously reported. Regarding net sales for the fiscal year ended June 30, 2012, in the Electronic Equipment Business, Ubiteq has recorded steady sales of sensing modules for ATMs and other products, although orders for certain projects in the car solution business will carry over to the next fiscal year.
Ubiteq, INC. is a Japan-based company principally engaged in the development and provision of Internet of Things (IoT) solutions, as well as the design, manufacture and quality assurance of electronic equipment. The Company operates in three business segments. IoT segment is involved in the provision of solutions that combine hardware, software and networks such as hardware products of sensor-equipped communication terminal equipment (telematics, car-sharing in-vehicle devices, etc.), server applications, Website application development, as well as IoT platform products, IoT infrastructure construction and operation services. Contract Manufacture segment is involved in the development and production of module systems built into the automatic teller machines (ATM) and communication amusement equipment. Contract Development segment is involved in temporary staffing for contract development of embedded software and system development.
UBITEQ, INC. 