Seiko Holdings Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
August 01, 2017
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Seiko Holdings Corporation reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of ¥63,472 million against ¥59,433 million a year ago. Operating income was ¥2,717 million against ¥886 million a year ago. Ordinary income was ¥3,111 million against ¥139 million a year ago. Profit attributable to owners of parent was ¥1,199 million against loss attributable to owners of parent of ¥1,268 million a year ago. Earnings per share was ¥5.82 against loss per share of ¥6.14 year ago.
For the year ending March 31, 2018, the company expects net sales of ¥260.0 billion, ordinary income of ¥7.0 billion, operating income of ¥6.5 billion, profit attributable to owners of parent of ¥5.0 billion and earnings per share of ¥121.31.
Seiko Group Corp is a Japan-based company mainly engaged in the operation of watch business, electronic device business and system solution business. The Company operates through three business segments. The Watch segment is engaged in the manufacture, wholesale and retail of watches and watch movements, as well as watch repair and after-sales service. The Electronic Device segment is engaged in the manufacture and sale of crystal oscillators, batteries and materials, printers, and precision parts. The System Solution segment is engaged in the manufacture and sale of products related to wireless communication equipment, information network systems, and data services. The Company also operates the time creation and wako business, including the sale of equipment clocks and sports timing equipment, the development manufacture, sale, repair and after-sales service of clocks, the retail of luxury jewelry, apparel and miscellaneous goods, and real estate leasing business.
Seiko Holdings Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
SEIKO GROUP CORPORATION 
