Argo Graphics Inc. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 2017; Declares Dividend for the Second Quarter Ended September 2016, Payable December 2, 2016 and Provides Dividend Guidance for the Year Ending March 2017
October 27, 2016
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Argo Graphics Inc. reported consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported net sales of JPY 17,551 million compared to JPY 17,176 million a year ago. Operating income was JPY 1,610 million compared to JPY 1,222 million a year ago. Ordinary income was JPY 1,690 million compared with JPY 1,344 million a year ago. Profit attributable to owners of parent was JPY 1,062 million compared to JPY 843 million a year ago. Earnings per share were JPY 99.67 compared to JPY 79.79 a year ago.
For the year ending March 2017, the company expects net sales of JPY 36,000 million, operating income of JPY 2,800 million, ordinary income of JPY 3,100 million, profit attributable to owners of parent of JPY 1,900 million or JPY 178.80 per share.
The company declared dividend for the second quarter ended September 2016 of JPY 30.00 per share compared to JPY 30.000 per share paid a year ago. The dividend payable date is December 2, 2016.
For the year ending of March 2017, the company provided dividend guidance of JPY 30.00 per share compared to JPY 30.000 per share paid a year ago.
ARGO GRAPHICS Inc. is a Japan-based company engaged in the product lifecycle management (PLM) business and electronic design automation (EDA) business. The PLM segment consists of PLM solution business, system building support business and hardware maintenance and other business. The PLM solution business is engaged in the provision of PLM solutions, which target at the productivity improvement in manufacturing processes. The system building support business provides system building support services for the servers and personal computer (PC) clusters of manufacturers. The hardware maintenance (HM) and other business maintains the machines provided by the PLM solution and the system building support businesses. The EDA segment sells computer aided design (CAD) systems for electronic components and micro fabrication, including large scale integrated circuits, liquid crystal displays and other flat panel displays (FPD), magnetic head and micro machine.
Argo Graphics Inc. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 2017; Declares Dividend for the Second Quarter Ended September 2016, Payable December 2, 2016 and Provides Dividend Guidance for the Year Ending March 2017
ARGO GRAPHICS INC. 
