Elematec Corporation Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018
October 26, 2017
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Elematec Corporation reported consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported net sales of JPY 104,134 million compared to JPY 94,966 million a year ago. Operating income was JPY 3,345 million compared to JPY 2,190 million a year ago. Ordinary profit was JPY 3,103 million compared to JPY 2,160 million a year ago. Profit attributable to owners of parent was JPY 2,175 million or JPY 106.27 per share compared to loss attributable to owners of parent of JPY 879 million or JPY 42.94 per share a year ago.
For the year ending March 31, 2018, the company expects consolidated net sales of JPY 205,000 million, operating income of JPY 5,800 million, ordinary profit of JPY 5,600 million, profit attributable to owners of parent of JPY 3,900 million and net income per share of JPY 190.49.
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 Six Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018