Foster Electric Company, Limited Provides Dividend Guidance for the Year Ending March 31, 2016; Reports Consolidated Earnings Results for the Nine Months Ended December 2015; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2016
January 28, 2016 at 03:30 pm
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Foster Electric Company, Limited provided dividend guidance for the year ending March 2016. For the period, the company expects to pay year end dividend of JPY 25 per share compared to JPY 28 per share paid in the same period a year ago.
The company reported consolidated earnings results for the nine months ended December 31, 2015. For the period, the company reported net sales of JPY 149,575 million against JPY 139,105 million for the same period a year ago. Operating income was JPY 9,867 million against JPY 8,178 million for the same period a year ago. Ordinary income was JPY 10,303 million against JPY 8,928 million for the same period a year ago. Profit attributable to owners of parent was JPY 7,530 million or JPY 281.47 per share against JPY 4,584 million or JPY 196.51 per share for the same period a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2016. For the year, the company expects net sales of JPY 190,000 million, operating income of JPY 10,000 million, ordinary income of JPY 10,000 million, profit attributable to owners of parent of JPY 5,000 million and net income per share of JPY 186.89.
Foster Electric Company, Limited is a Japan-based company principally engaged in the manufacture and sale of speakers, audio equipment and electronic equipment. The Company operates in three business segments. Speaker segment is involved in the manufacture and sale of audios, televisions as well as in-vehicle speakers and speaker systems. Mobile Audio segment is involved in the manufacture and sale of headphones, headsets, small speakers and professional microphones. Others segment is involved in the manufacture and sale of buzzer and sounder products for alarm sounds, FOSTEX brand products, as well as the provision of logistics services.
Foster Electric Company, Limited Provides Dividend Guidance for the Year Ending March 31, 2016; Reports Consolidated Earnings Results for the Nine Months Ended December 2015; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2016
FOSTER ELECTRIC COMPANY, LIMITED 
