Stanley Electric Co. Ltd. Announces Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2017
October 03, 2016 at 09:23 am
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Stanley Electric Co. Ltd. announced earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported that net income attributable to owners of the parent for the first quarter ended June 30, 2016 was JPY 4.76 billion, or JPY 28.6 per diluted share, compared to JPY 6.1 billion, or JPY 36.42 per diluted share, for the same quarter ended June 30, 2015. Net sales for the first quarter ended June 30, 2016 were JPY 91 billion, compared to JPY 102.49 billion for the same quarter ended June 30, 2015. Operating income for the first quarter ended June 30, 2016 was JPY 8.32 billion, compared to JPY 9.18 billion for the same quarter ended June 30, 2015.
For the fiscal year ending March 31, 2017, the company expects net income attributable to owners of the parent to be JPY 27.5 billion and earnings per share to be JPY 165.17. For the fiscal year ending March 31, 2017, the company also expects net sales to be JPY 380 billion.
Stanley Electric Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of automotive equipment products, component products and electronic applied products. The Company operates through three segments. The Automotive Equipment segment mainly manufactures automotive lighting products, which are sold to automobile manufacturers. The Components segment mainly manufactures electronic device products that are sold to manufacturers related to electrical machinery and automobiles. The Electronic Applied Products segment mainly manufactures electronic applied products such as units and modules that meet the specifications of customers, such as liquid crystal backlights, and operation panels that are sold mainly to electrical equipment, automobiles, and automobile-related manufacturers. In addition, the Company is also engaged in business activities such as promotion of employment of people with physical disabilities and financial and management services for groups.
Stanley Electric Co. Ltd. Announces Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2017
STANLEY ELECTRIC CO., LTD. 
