Elematec Corporation Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017
January 30, 2017
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Elematec Corporation announced consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of JPY 150,161 million, operating income of JPY 3,950 million, ordinary income of JPY 4,028 million, profit attributable to owners of the parent of JPY 515 million or JPY 25.19 per share as compared to net sales of JPY 176,178 million, operating income of JPY 5,759 million, ordinary income of JPY 5,956 million, profit attributable to owners of the parent of JPY 4,341 million or JPY 212.07 per share for the same period prior year. Net assets per share as at December 31, 2016 were JPY 2,146.71.
The company provided consolidated earnings guidance for the year ending March 31, 2017. For the year, the company expects net sales of JPY 203,500 million, operating income of JPY 4,850 million, ordinary income of JPY 5,100 million, profit attributable to owners of parent of JPY 1,300 million or JPY 63.50 per share.
Elematec Corp is a Japan-based company mainly engaged in the sale, processing, design and manufacture of electric materials, electronic components and mechanical parts. The Company operates in four regional segments. The Company is engaged in the provision of electrical materials such as substrates, silicon, anisotropic conductive films (ACFs), heat radiation rubbers, high-function films and resins, insulating tapes, high-function adhesives, lens films, anti-reflective materials and inert liquid; electronic components such as connectors, sensors, thermostats, inductors, backlights, fuses and liquid crystal displays (LCDs); mechanical parts such as fiberglass reinforced plastic (FRP) molded products, filters, exterior products, solar panels, power modules and others; other products such as cable accessories, polishing agents, camera monitors and others. The Company operates within the domestic market and to overseas markets, including China, other Asia, Europe and America.
Elematec Corporation Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017