Daitron Co., Ltd. Reports Consolidated Earnings Results for the Three Months Ended March 31, 2018; Revises Earnings Guidance for the Six Months of Fiscal Year 2018; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2018; Provides Dividend Guidance for the Second Quarter and Year Ending December 31, 2018
May 08, 2018
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Daitron Co., Ltd. reported consolidated earnings results for the three months ended March 31, 2018. For the three months, net income belonging to parent shareholders was JPY 729 million or JPY 65.81 per share, compared to JPY 427 million, or JPY 38.62 per share a year ago. Net sales were JPY 15,602 million, compared to JPY 12,013 million a year ago. Operating income was JPY 987 million compared to JPY 561 million a year ago. Ordinary income was JPY 1,049 million compared to JPY 592 million a year ago. Net income before taxes and adjustments was JPY 1,053.187 million compared to JPY 594.293 million a year ago.
For the six months of fiscal year 2018, the company revised net sales to be JPY 28,500 million, operating income to be JPY 1,350 million, ordinary income to be JPY 1,400 million, net income belonging to parent shareholders to be JPY 970 million or JPY 87.54 per share against previously forecasted net sales of JPY 28,000 million, operating income of JPY 1,250 million, ordinary income of JPY 1,250 million, net income belonging to parent shareholders of JPY 850 million or JPY 76.71 per share.
For the year ending December 31, 2018, the company expects consolidated sales to be JPY 56,500 million, operating income to be JPY 2,800 million, ordinary income to be JPY 2,800 million, net income belonging to parent shareholders to be JPY 1,900 million or JPY 171.48 per share.
For the second quarter of 2018, the company expects to pay a dividend of JPY 20.00 per share compared to JPY 15.00 per share paid dividend for the same period a year ago.
For the fiscal year end 2018, the company expects to pay a dividend of JPY 30.00 per share compared to JPY 30.00 per share paid dividend for the same period a year ago.
Daitron Co., Ltd., formerly Daito Electron Co., Ltd. is mainly engaged in the manufacturing, sales, export and import of electronic products. The Company is engaged in the provision of electronic devices and components, such as electronic part and assembly product, semiconductor product, embedded systems, power equipment, image related device and part, information system and others. Its manufacturing equipment includes lighting devices, large-scale integration (LSI) manufacturing equipment, flat-panel display manufacturing devices and electronic material manufacturing devices.
Daitron Co., Ltd. Reports Consolidated Earnings Results for the Three Months Ended March 31, 2018; Revises Earnings Guidance for the Six Months of Fiscal Year 2018; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2018; Provides Dividend Guidance for the Second Quarter and Year Ending December 31, 2018