Lasertec Corporation Reports Consolidated Earnings Results for the First Half Ended Dec. 31, 2016; Revises Earnings Guidance for the Year Ending June 30, 2017
January 31, 2017 at 04:00 pm
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Lasertec Corporation reported consolidated earnings results for the first half ended Dec. 31, 2016. For the period, it reported net sales of JPY 8,810 million, operating income of JPY 2,699 million, ordinary income of JPY 2,762 million and net income attributable to owners of parent of JPY 1,938 million or JPY 85.92 per share as compared to net sales of JPY 6,693 million, operating income of JPY 1,304 million, ordinary income of JPY 1,305 million and net income attributable to owners of parent of JPY 934 million or JPY 41.41 per share for the same period a year ago. Net cash used in operating activities was JPY 627,983 million compared to net cash provided by operating activities of JPY 1,275.796 million a year ago. Income before income taxes was JPY 2,762,449,000 compared to JPY 1,305,146,000 a year ago. Purchase of property, plant and equipment was JPY 72,517,000 compared to JPY 41,617,000 a year ago. Purchase of intangible assets was JPY 136,822,000 compared to JPY 136,822,000 a year ago.
For the year ending June 30, 2017, the company now expects net sales of JPY 16,600 million, operating income of JPY 4,250 million, ordinary income of JPY 4,250 million and profit attributable to owners of parent of JPY 3,000 million or JPY 133.07 per share against net sales of JPY 17,100 million, operating income of JPY 3,700 million, ordinary income of JPY 3,700 million and profit attributable to owners of parent of JPY 2,650 million or JPY 117.54 per share provided earlier. New forecast of because it expects to restrain the growth of R&D expense and other fixed cost and also because it expects to have foreign exchange gains. It expects that the effect of the cost restraint and foreign exchange gains will exceed the loss of profit by sales decrease.
Lasertec Corporation specializes in the design, manufacture and marketing of high-precision inspection and measurement equipment and systems, using optical technology. Net sales break down by family of products and services as follows:
- inspection and measurement equipment used in semiconductor manufacturing processes (85.5%): inspection systems for extreme ultraviolet (EUV) blank masks, photomask arrays and silicon carbide wafers;
- services (13%);
- other (2.1%): laser scanning microscopes and inspection and measurement systems used in the liquid crystal, biochemical, medical, metals research, precision components and high-density recording industries, etc.
Net sales are distributed geographically as follows: Japan (10.5%), South Korea (14.2%), Taiwan (31.9%), Asia (10%), the United States (27.8%) and Europe (5.6%).
Lasertec Corporation Reports Consolidated Earnings Results for the First Half Ended Dec. 31, 2016; Revises Earnings Guidance for the Year Ending June 30, 2017