Daito Electron Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended June 30, 2014; Provides Earnings and Dividend Guidance for the Year Ended December 31, 2014
August 31, 2014
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Daito Electron Co., Ltd. announced consolidated earnings results for the six months ended June 30, 2014. For the period, the company's Net Sales were JPY 18,835 million compared to JPY 17,191 million a year ago. Operating income was JPY 229 million compared to operating loss of JPY 25 million a year ago. Net income was JPY 171 million or JPY 15.45 compared to JPY 0 or JPY 0.06 a year ago. Net income before taxes and adjustments was JPY 246,859,000 compared to JPY 33,564,000 a year ago. Net cash provided by operating activities was JPY 137,866,000 compared to JPY 393,307,000 a year ago. Payment for the purchase of tangible fixed assets was JPY 60,123,000 compared to JPY 74,088,000 a year ago. Proceeds from sale of tangible fixed assets was JPY 34,514,000 compared to JPY 731,000 a year ago.
The company provided earnings guidance for the year ended December 31, 2014. For the period, the company expected net sales of JPY 37,700 million, operating income of JPY 500 million, and net income of JPY 280 million or JPY 25.21 per share.
The company provided dividend guidance for the year 2014, For the year the company expected to pay dividend of JPY 5.00 per share.
Daitron Co., Ltd., formerly Daito Electron Co., Ltd. is mainly engaged in the manufacturing, sales, export and import of electronic products. The Company is engaged in the provision of electronic devices and components, such as electronic part and assembly product, semiconductor product, embedded systems, power equipment, image related device and part, information system and others. Its manufacturing equipment includes lighting devices, large-scale integration (LSI) manufacturing equipment, flat-panel display manufacturing devices and electronic material manufacturing devices.
Daito Electron Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended June 30, 2014; Provides Earnings and Dividend Guidance for the Year Ended December 31, 2014