Tomita Electric Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended April 30, 2016; Provides Earnings Guidance for the Fiscal Six Months Ending July 31, 2017 and Full Year Ending January 31, 2017
June 10, 2016 at 05:00 pm
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Tomita Electric Co., Ltd. reported consolidated earnings results for the first quarter ended April 30, 2016. For the quarter, the company reported net sales of ¥351 million against ¥389 million a year ago. Operating loss was ¥58 million against ¥22 million a year ago. Ordinary loss was ¥144 million against ¥14 million a year ago. Loss attributable to owners of parent was ¥145 million or ¥22.05 per basic share against ¥15 million or ¥2.42 per basic share a year ago. Net assets per share were ¥533.29 as on April 30, 2016.
For the year ending January 31, 2017, the company expects net sales of ¥1,743 million, operating income of ¥17 million, ordinary income of ¥20 million, profit attributable to owners of parent of ¥15 million or ¥2.34 per basic share.
For the six months ending July 31, 2016, the company expects net sales of ¥829 million, operating loss of ¥9 million, ordinary loss of ¥7 million, loss attributable to owners of parent of ¥10 million or ¥1.55 per basic share.
TOMITA ELECTRIC CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of electronic materials and components, mainly magnetic materials, and real estate leasing business. The Company operates through two business segments. The Electronic Components Materials segment is engaged in the manufacture and sale of magnetic materials ferrite cores and coils and transformers. Soft ferrite products are mainly applied to transformers for switching power supplies, various high frequency coils and transformers, various communication equipment coils and transformers, and low frequency noise filters. Coil and transformer products are applied to televisions, videos, personal computers, inverter lighting equipment, gas kerosene igniters, industrial control equipment. The Real Estate Leasing segment is engaged in the domestic store real estate leasing business.
Tomita Electric Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended April 30, 2016; Provides Earnings Guidance for the Fiscal Six Months Ending July 31, 2017 and Full Year Ending January 31, 2017