Sanken Electric : Notice of Difference between the Forecasted Consolidated Business Results and the Actual Business Results for the Six Months Ended September 30, 2018
November 05, 2018 at 06:13 am
Share
To Whom It May Concern
Date: November 5, 2018
Company Name:
Sanken Electric Co., Ltd.
Representative:
Takashi Wada
Representative Director, President
Code No.:
6707 (the TSE, 1st Section)
Inquiries:
Akihiro Goto
General Manager, Finance and
Investor Relations Division
TEL:
(048) 487-6121
Notice of Difference between the Forecasted Consolidated Business Results and the Actual
Business Results for the Six Months Ended September 30, 2018
The Company announces differences between the consolidated financial forecast for the six months ended September 30, 2018 disclosed on May 8, 2018 and the actual results disclosed today, as shown below.
1. Difference between the Forecasted Consolidated Business Results and the Actual Business Results for the Six Months Ended September 30, 2018 (from April 1, 2018 to September 30, 2018)
Net Sales
Operating income
Ordinary income
Profit attributable to owners of parent
Net income per share
Previous forecast (A) (Announced on May 8, 2018)
(millions of yen)
87,200
(millions of yen)
5,200
(millions of yen)
4,400
(millions of yen)
1,500
(yen)
61.89
Actual results (B)
88,230
6,319
5,317
2,247
92.72
Change (B-A)
1,030
1,119
917
747
-
Ratio of change (%)
1.2%
21.5%
20.9%
49.8%
-
Results in the same period of previous year
(Six months ended September 30, 2017)
86,000
5,457
5,665
-13,113
-541.00
As of October 1, 2018, the Company carried out a share consolidation of five common shares at the rate of one share. Accordingly, net income per share is calculated on the assumption that the consolidation of shares was carried out at the beginning of the previous consolidated fiscal year.
2. Reasons for the Difference
A continued increase in sales of products for white goods, robust sales of automotive products, and the weaker yen than expected led to consolidated net sales exceeding the forecast. Profits also exceeded the original forecast, resulting from increased factory operating profit driven by improved sales and the effects of the restructuring initiatives in the previous year. Consequently, the Company recorded differences between the consolidated financial forecast for the six months ended September 30, 2018 and the actual results.
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Sanken Electric Co. Ltd. published this content on 05 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 November 2018 06:12:07 UTC
Sanken Electric Co Ltd is a Japan-based semiconductor manufacturing company. The Company operates in two business segments. The Semiconductor Device segment is engaged in the manufacture and sale of semiconductor devices, such as power modules, power integrated circuits (IC), control ICs, hall sensors, transistors, diodes, light-emitting diodes (LED), LED lighting products. The Power System segment is involved in the manufacture and sale of uninterruptible power supply (UPS) products, general purpose inverters, direct current power supply units, high intensity air fault lamps, power storage systems, power conditioners, switching power supply products and transformers.
Sanken Electric : Notice of Difference between the Forecasted Consolidated Business Results and the Actual Business Results for the Six Months Ended September 30, 2018