Daikoku Denki Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2015; Announces Dividend for the Year Ended March 31, 2015; Provides Second Quarter-End and Year-End Dividend Guidance Provides for the Year Ending March 31, 2016; Consolidated Earnings Guidance for the First Half Ending September, 2015 and for the Year Ending March 31, 2016
May 21, 2015
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Daikoku Denki Co., Ltd. reported consolidated earnings results for the year ended March 31, 2015. For the year, the company reported net sales of JPY 54,043 million against JPY 56,954 million a year ago. Operating income was JPY 1,425 million against JPY 5,338 million a year ago. Ordinary income was JPY 1,566 mag JPY 5,474 million a year ago. Net income was JPY 874 million or JPY 59.19 per share against JPY 3,278 million or JPY 221.80 per share a year ago. Net income to shareholders equity ratio was 2.7% against 10.5% a year ago. Cash flows from operating activities were JPY 817 million against JPY 340 million a year ago. The primarily components of the proceeds were net income before income taxes of JPY 1,552 million, depreciation of JPY 1,569 million, and a decrease in accounts receivable other of JPY 736 million. The primarily expenditures were an increase of JPY 1,791 million in inventory assets and notes and accounts receivable trade, and income taxes paid was JPY 1,211 million.
For the year ended March 31, 2015, the company announced year-end dividend of JPY 60 per share.
For the year ending March 31, 2016, the company expects second quarter-end dividend of JPY 10 per share.
For the year ending March 31, 2016, the company expects year-end dividend of JPY 40 per share.
For the first half ending September, 2015, the company expects consolidated net sales of JPY 27,000 million, operating income of JPY 1,500 million, ordinary income of JPY 1,500 million and net income attributable to owners of parent of JPY 1,000 million or JPY 67.64 per share.
For the year ending March 31, 2016, the company expects consolidated net sales of JPY 60,000 million, operating income of JPY 2,000 million, ordinary income of JPY 2,000 million and net income attributable to owners of parent of JPY 1,400 million or JPY 94.70 per share.
DAIKOKU DENKI CO., LTD. is a Japan-based company primarily engaged in the development, manufacturing and sales of computer systems targeting at pachinko (Japanese pinball) halls and components. The Company operates in two business segments. The Information Systems segment is engaged in the development, manufacturing and sales of computer systems for pachinko parlor, prize customer management system, and information disclosure system. The Control Systems segment is engaged in the development, manufacturing, and sales of display units and control units for pachinko machine machines; planning, development, manufacturing and sales of pachi-slot machines, as well as sales of parts used for game machines.
Daikoku Denki Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2015; Announces Dividend for the Year Ended March 31, 2015; Provides Second Quarter-End and Year-End Dividend Guidance Provides for the Year Ending March 31, 2016; Consolidated Earnings Guidance for the First Half Ending September, 2015 and for the Year Ending March 31, 2016