SMK Corporation Reports Consolidated Earnings Results for the Six Months Ended December 31, 2016; Provides Dividend and Earnings Guidance for the Year Ending March 31, 2017
January 26, 2017
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SMK Corporation reported consolidated earnings results for the six months ended December 31, 2016. For the period, the company reported net sales of ¥47,588 million against ¥59,276 million a year ago. Operating income was ¥865 million against ¥3,812 million a year ago. Ordinary income was ¥2,245 million against ¥4,288 million a year ago. Net profit attributable to owners of parent was ¥1,819 million or ¥27.00 per diluted share against ¥3,291 million or ¥46.40 per diluted share a year ago.
For the year ending March 31, 2017, the company expects to pay dividend of ¥5.00 per share compared to ¥8.00 paid last year.
For the year ending March 31, 2017, the company expects net sales of ¥64,000 million, operating income of ¥1,300 million, Ordinary income of ¥2,300 million and net income attributable to owners of parent of ¥2,000 million or ¥30.25 per share.
SMK Corporation is a manufacturer of components for telecommunications and electronic equipment. The Company operates its business through four segments. The Connection System (CS) segment is primarily engaged in the manufacture and sale of coaxial connectors, flexible printed circuit (FPC) connectors, and jacks. The Functional Components (FC) segment mainly manufactures and sells switches, remote controllers and camera modules. The Touch Panel (TP) segment mainly provides pressure-sensitive resistance touch panels, capacitance type touch panels and optical touch panels. The Development Center segment includes certain expenses allocated to the CS segment, FC segment and TP segment. The Company is also engaged in the provision of components of other products, as well as real estate leasing and worker dispatching business.
SMK Corporation Reports Consolidated Earnings Results for the Six Months Ended December 31, 2016; Provides Dividend and Earnings Guidance for the Year Ending March 31, 2017
SMK CORPORATION 
