Sanyo Denki Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
October 27, 2016
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Sanyo Denki Co., Ltd. announced consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported net sales of JPY 35,818 million compared to JPY 40,410 million a year ago. Operating income was JPY 2,329 million compared to JPY 3,041 million a year ago. Ordinary income was JPY 1,960 million compared to JPY 3,141 million a year ago. Profit attributable to owners of parent company was JPY 1,395 million or JPY 22.76 per share compared to JPY 1,959 million or JPY 31.55 per share a year ago. Income before income taxes was JPY 1,868 million compared to JPY 3,141 million a year ago. Net cash provided by operating activities was JPY 3,256 million compared to JPY 1,858 million a year ago. Purchase of property, plant and equipment was JPY 606 million compared to JPY 935 million a year ago.
For the year ending March 31, 2017, the company expects net sales of JPY 82,300 million, operating income of JPY 6,700 million, ordinary income of JPY 6,700 million and profit attributable to owners of parent company was JPY 4,600 million or JPY 75.23 per share.
SANYO DENKI CO., LTD. is a Japan-based company engaged in the production and sale of cooling fans, power supply devices and servomotors. The Company operates through five geographic segments including Japan, North America, Europe, East Asia, Southeast Asia. The Company is engaged in the cooling system business, power system business and servo system business. The cooling system business is engaged in the development, manufacture and sale of cooling fans and cooling systems. The power systems business is engaged in the development, manufacture and sale of uninterruptible power supplies, engine generators and power conditioners for photovoltaic systems. The servo system business is engaged in the development, manufacture and sale of servo motors, stepping motors, encoders, drive units and control systems.
Sanyo Denki Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017