Iriso Electronics Co. Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Half Year and Full Year of Fiscal 2018; Declares Dividend for the for Fiscal 2017 Payable on June 28, 2017; Provides Dividend Guidance for Fiscal 2018
May 08, 2017
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Iriso Electronics Co. Ltd. reported consolidated earnings results for the year ended March 31, 2017. Net sales were ¥37,547 million, compared to ¥38,209 million for the last year. Operating income was ¥6,661 million, compared to ¥6,568 million for the last year. Ordinary income was ¥6,750 million compared to ¥6,602 million for the last year. Profit attributable to owners of parent was ¥4,875 million, compared to ¥4,045 million for the last year. Earnings per share were ¥414.32 compared to ¥353.46 for the last year. Cash flows from operating activities were ¥6,604 million compared to ¥8,598 million for the last year. Purchase of property, plant and equipment was ¥5,182 million against ¥5,444 million a year ago. Purchase of intangible assets was ¥249 million against ¥2 million a year ago. Profit before income taxes was ¥6,705 million against ¥6,541 million a year ago.
For the year ended March 31, 2017, the company declared a full year dividend of ¥60.00 per share against ¥60.00 per share paid a year ago, payable on June 28, 2017.
For the year ending March 31, 2018, the company expects a full year dividend of ¥90.00 per share.
For the half year of fiscal 2018, the company expects net sales of ¥19,400 million, operating income of ¥3,200 million and Ordinary income of ¥3,200 million, Profit attributable to owners of parent of ¥2,200 million or ¥185.86 per share.
For the fiscal year ending March 31, 2018, the company expects net sales of ¥40,000 million, operating income of ¥7,200 million and Ordinary income of ¥7,200 million, Profit attributable to owners of parent of ¥5,200 million or ¥439.30 per share.
IRISO ELECTRONICS CO., LTD. is a Japan-based company that mainly manufactures and sells multiple-pole connectors. The Company is engaged in the development, manufacture and sale of board-to-board connectors for printed circuit board connection, flexible printed circuit (FPC) boards and flexible flat cable (FFC) cable connection for automotive equipment, digital equipment and industrial equipment, as well as other multi-pole connectors such as FPC and FFC connectors and interface connectors for signal connection between devices.
Iriso Electronics Co. Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Half Year and Full Year of Fiscal 2018; Declares Dividend for the for Fiscal 2017 Payable on June 28, 2017; Provides Dividend Guidance for Fiscal 2018