Elematec Corporation Reports Consolidated Earnings Results for the First Quarter Ended of June 30, 2016; Provides Consolidated Earnings Guidance for the Year Ending of March 31, 2017; Provides Dividend Guidance for the Second Quarter of Fiscal 2017 and Full Year Ending of March 31, 2017
July 28, 2016
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Elematec Corporation reported consolidated earnings results for the first quarter ended of June 30, 2016. For the quarter, the company reported net sales of JPY 44,255 million compared to JPY 63,415 million a year ago. Operating income was JPY 815 million compared to JPY 2,231 million a year ago. Ordinary profit was JPY 849 million compared to JPY 2,307 million a year ago. Profit attributable to owners of parent was JPY 640 million compared to JPY 1,669 million a year ago. Net income per share was JPY 31.28 compared to JPY 81.52 a year ago. Net assets per share were JPY 2,077.01.
The company provided earnings guidance for the year ending of March 31, 2017. For the period, the company expects net sales to be of JPY 220,000 million. Operating income expected to be of JPY 6,150 million. Ordinary profit expected to be of JPY 6,100 million. Profit attributable to owners of parent expected to be of JPY 4,400 million. Net income per share expected to be of JPY 214.91.
The company provided dividend guidance for the second quarter of fiscal 2017 and full year ending of March 31, 2017. For the quarter, the company provided dividend guidance of JPY 30.00 per share compared to JPY 40.00 per share a year ago.
For the full year, the company provided dividend guidance of JPY 35.00 per share compared to JPY 35.00 per share a year ago.
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 Reports Consolidated Earnings Results for the First Quarter Ended of June 30, 2016; Provides Consolidated Earnings Guidance for the Year Ending of March 31, 2017; Provides Dividend Guidance for the Second Quarter of Fiscal 2017 and Full Year Ending of March 31, 2017
ELEMATEC CORPORATION 
