Nihon Seimitsu Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Consolidated Earnings Guidance for the Six Months and Full Year Ending March 31, 2017
August 02, 2016
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Nihon Seimitsu Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2016. For the year, on consolidated basis, the company's the company's net sales were JPY 2,211 million compared to JPY 2,095 million a year ago. Operating loss was JPY 130 million compared to income of JPY 23 million a year ago. Ordinary loss was JPY 267 million compared to income of JPY 19 million a year ago. Net loss attributable to owners of parent was JPY 90 million or JPY 4.9 per share compared to income of JPY 9 million or JPY 0.55 per share a year ago.
The company provided consolidated earnings guidance for the six months and full year of fiscal ended March 31, 2017. For the six months ending September 2016, the company expects net sales of JPY 5,047 million, operating income of JPY 131 million, ordinary income of JPY 94 million and net income attributable to owners of parent of JPY 226 million or JPY 12.28 per share.
For the full year ending March 31, 2017, the company expects net sales of JPY 10,206 million, operating income of JPY 306 million, ordinary income of JPY 231 million and net income attributable to owners of parent of JPY 352 million or JPY 19.12 per share.
Nihon Seimitsu Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of watch-related products and glasses frames. The Company operates in three business segments. The Watch-related segment is engaged in the manufacture and sale of watch external products such as watch bands and bezels made of urethane, titanium and ceramic. The Glasses Frames segment is engaged in the manufactures and sale of titanium products, as well as the purchases and sale of cell frames. The Others segment is engaged in the manufacture and sale of fishing equipment parts, health equipment, static elimination equipment, audio equipment parts, wearable related products, deodorants and others.
Nihon Seimitsu Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Consolidated Earnings Guidance for the Six Months and Full Year Ending March 31, 2017