Shima Seiki Mfg., Ltd Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended of March 31, 2016; Provides Consolidated and Non-Consolidated Earnings Guidance for the First Half of 2016 and Full Year Ended of March 31, 2017
May 01, 2016
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Shima Seiki Mfg. Ltd. reported consolidated and non-consolidated earnings results for the year ended of March 31, 2016. For the period, the company reported net sales of JPY 49,582 million compared to JPY 48,354 million a year ago. Operating income was JPY 5,781 million compared to JPY 5,745 million a year ago. Ordinary income was JPY 4,532 million compared to JPY 8,470 million a year ago. Net income was JPY 3,271 million compared to JPY 3,645 million a year ago. Net income per share was JPY 95.61 compared to JPY 106.54 a year ago. Return on equity was 3.3% compared to 3.8% a year ago. Net assets per share were JPY 2,867.0. Cash flow from operating activities were JPY 1,257 million compared to cash flows used in operating activities of JPY 1,956 million.
For the full year, on a non-consolidated basis, the company reported net sales of JPY 42,940 million compared to JPY 40,455 million a year ago. Operating income was JPY 6,618 million compared to JPY 5,376 million a year ago. Ordinary income was JPY 5,514 million compared to JPY 8,200 million a year ago. Net income was JPY 3,918 million compared to JPY 4,879 million a year ago. Net income per share was JPY 114.52 compared to JPY 142.61 a year ago. Net assets per share were JPY 2,579.60.
The company provided consolidated and non-consolidated earnings guidance for the first half of 2016 and full year ended of March 31, 2017. For the first half, on a consolidated basis, the company expects net sales to be of JPY 30,000 million. Operating income expected to be of JPY 5,500 million. Ordinary income expected to be of JPY 5,300 million. Net income attributable to owners of the parent expected to be of JPY 3,400 million. Net income per share expected to be of JPY 99.36.
For the first half, on a non-consolidated basis, the company expects net sales to be of JPY 25,500 million. Ordinary income expected to be of JPY 4,500 million. Net income expected to be of JPY 3,000 million. Net income per share expected to be of JPY 87.67.
For the full year ended of March 31, 2017, on a consolidated basis, the company expects net sales to be of JPY 63,000 million. Operating income expected to be of JPY 11,500 million. Ordinary income expected to be of JPY 11,000 million. Net income attributable to owners of the parent expected to be of JPY 7,000 million. Net income per share expected to be of JPY 204.57.
For the full year ended of March 31, 2017, on a non- consolidated basis, the company expects net sales to be of JPY 55,000 million. Ordinary income expected to be of JPY 9,200 million. Net income expected to be of JPY 6,200 million. Net income per share expected to be of JPY 181.19.
SHIMA SEIKI MFG., LTD. is a Japan-based company mainly engaged in the manufacture and sale of flat knitting equipment, design systems, gloves and socks knitting equipment. The Company operates in three business segments. The Flat Knitting Equipment segment is engaged in the manufacture and sale of computer flat knitting equipment and semi jacquard flat knitting equipment. The Design Systems Related segment is engaged in the manufacture and sale of computer design systems, as well as apparel computer-aided design (CAD) and computer-aided manufacturing (CAM) systems. The Gloves and Socks Knitting Equipment segment is engaged in the manufacture and sale of seamless gloves and socks knitting equipment. The Company is also engaged in the manufacture, sale and trading of textile materials, the planning, manufacture and sale of textile products, the operation of hotels, the manufacture and sale of knitting equipment and design system parts, as well as the repair and maintenance business.
Shima Seiki Mfg., Ltd Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended of March 31, 2016; Provides Consolidated and Non-Consolidated Earnings Guidance for the First Half of 2016 and Full Year Ended of March 31, 2017