Yaskawa Electric Corp. Announces Consolidated Financial Results for the Nine Months Ended December 20, 2013; Provides Earnings Guidance for the Year Ending March 20, 2013; Provides Dividend Guidance for the Year Ending March 20, 2013
January 31, 2013 at 02:41 pm
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Yaskawa Electric Corp. announced consolidated financial results for the nine months ended December 20, 2013. For the period, the company reported net sales of ¥219,118 million against ¥226,212 million a year ago. Operating income was ¥6,798 million against ¥11,221 million a year ago. Ordinary income was ¥7,506 million against ¥11,482 million a year ago. Net income was ¥3,862 million or ¥14.57 per diluted share against ¥6,974 million or ¥27.71 per basic share a year ago. Income before income taxes and minority interests was ¥6,607 million against ¥12,040 million a year ago. Income before minority interests ¥4,152 million against ¥7,008 million a year ago. Net cash provided by operating activities was ¥21,195 million against ¥10,256 million a year ago. Purchase of property, plant and equipment and intangible assets was ¥6,686 million against ¥8,035 million a year ago.
The company expects to pay a dividend of ¥5 per share for the year ending March 20, 2013.
The company provided earnings guidance for the year ending March 20, 2013. For the year ending March 20, 2013, the company projected net sales of ¥300,000 million, operating income of ¥13,000 million, ordinary income of ¥13,000 million, net income of ¥7,000 million and earnings per share of ¥27.82.
Yaskawa Electric Corporation specializes in developing, manufacturing and marketing mechatrocin systems. The group also provides installation and maintenance services. Net sales break down by family of products as follows:
- industrial machines motion control systems (45.2%);
- industrial robots (35.8%);
- power control and monitoring systems (13%): primarily for the iron and steel, power generation and drinkable water supply sectors;
- other (6%): computing systems (software and computer peripherals).
Net sales break down geographically as follows: Japan (34.9%), China (25.1%), Asia (10.7%), Americas (15.1%), Europe (14.1%) and other (0.1%).
Yaskawa Electric Corp. Announces Consolidated Financial Results for the Nine Months Ended December 20, 2013; Provides Earnings Guidance for the Year Ending March 20, 2013; Provides Dividend Guidance for the Year Ending March 20, 2013