Sanshin Electronics Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2018
August 03, 2017
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Sanshin Electronics Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 35,192 million compared to JPY 39,061 million a year ago. Operating profit was JPY 97 million compared to loss of JPY 470 million a year ago. Ordinary profit was JPY 125 million compared to loss of JPY 1,494 million a year ago. Net loss before tax and other adjustments was JPY 104 million compared to JPY 1,478 million a year ago. Net loss attributable to shareholders of parent company was JPY 150 million or JPY 5.34 per share compared to JPY 1,066 million or JPY 37.86 per share a year ago.
For the first half of fiscal year ending March 31, 2018, the company expects consolidated net sales of JPY 79,000 million, operating profit of JPY 480 million, ordinary profit of JPY 450 million and net profit attributable to shareholders of parent company of JPY 100 million or JPY 3.55 per share.
For the fiscal year ending March 31, 2018, the company expects consolidated net sales of JPY 185,000 million, operating profit of JPY 1,550 million, ordinary profit of JPY 1,380 million and net profit attributable to shareholders of parent company of JPY 700 million or JPY 24.84 per share.
SANSHIN ELECTRONICS CO., LTD. is a Japan-based company mainly engaged in the sales of electronic devices and the providing of information technology (IT) solutions. The Company mainly operates in two segments. The Device segment is engaged in the sales of semiconductors and electronic components to electronics manufacturers, besides, it also provides technical support such as software development and module development. The Solution segment is engaged in information and telecommunications network business which provides infrastructure design, construction, operation and maintenance services to private enterprises, government agencies and municipalities.
Sanshin Electronics Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2018