Mitachi Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended May 31, 2016; Provides Earnings Guidance for the Half Year Ending November 2016 and Year Ending May 2017
July 01, 2016 at 04:00 pm
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Mitachi Co., Ltd. announced consolidated earnings results for the year ended May 31, 2016. For the year, on consolidated basis, the company reported net sales of JPY 33,838 million compared to JPY 36,010 million a year ago. Operating income was JPY 616 million compared to JPY 919 million a year ago. Ordinary income was JPY 693 million compared to JPY 1,011 million a year ago. Profit attributable to owners of parent was JPY 457 million or JPY 62.23 per basic share compared to JPY 679 million or JPY 92.50 per basic share a year ago. Net assets per share were JPY 931.37 compared to JPY 918.00 a year ago. Cash flows from operating activities were JPY 630 million compared to JPY 455 million a year ago. Rate of return on equity 4.8% compared to 6.8 a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 22,874 million compared to JPY 25,547 million a year ago. Operating income was JPY 356 million compared to JPY 413 million a year ago. Ordinary income was JPY 468 million compared to JPY 555 million a year ago. Profit was JPY 275 million or JPY 37.51 per basic share compared to JPY 351 million or JPY 47.79 per basic share a year ago. Net assets per share were JPY 732.59 compared to JPY 725.16 a year ago.
For the year ending May 2017, the company expects net sales of JPY 31,000 million, operating income of JPY 550 million, ordinary income of JPY 630 million and profit attributable to owners of the parent company of JPY 430 million or JPY 58.50 per share.
For the half year ending November 2016, the company expects net sales of JPY 15,000 million, operating income of JPY 240 million, ordinary income of JPY 280 million and profit attributable to owners of the parent company of JPY 180 million or JPY 24.48 per share.
MITACHI CO., LTD is a company mainly involved in the sale of semiconductors, liquid crystal products and electronic parts. The Domestic division is engaged in the purchase and sale of semiconductors, including universal integrated circuits (ICs), diodes, transistors, optical semiconductors and system large-scale integration (LSI); liquid crystal products, such as liquid crystal modules; electronic components, including resistors, condensers, switches and electronic printed boards; industrial equipment, such as chip mounters and printers, as well as other components, such as hard discs and electric motors. The Overseas division is engaged in the contracted manufacture and sale of electrical devices and electrical components, as well as the purchase and sale of electrical devices and electrical components. In addition, the Company is engaged in the contract processing of electronic products.
Mitachi Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended May 31, 2016; Provides Earnings Guidance for the Half Year Ending November 2016 and Year Ending May 2017