Daito Electron Co., Ltd. Announces Consolidated Earnings Results for the Year Ended December 31, 2013; Provides Earnings Guidance for the Second Quarter 2014 and Earnings and Dividend Guidance for the Year 2014
February 05, 2014
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Daito Electron Co., Ltd. announced consolidated earnings results for the year ended December 31, 2013. For the year, the company's net sales were JPY 34,899 million compared to JPY 36,067 million a year ago. Operating income was JPY 138 million compared to JPY 345 million a year ago. Net loss was JPY 77 million or JPY 6.94 per share compared to net income of JPY 182 or JPY 16.49 per share a year ago. Net income before taxes and adjustments was JPY 235,940,000 compared to JPY 464,602,000 a year ago. Net cash provided by operating activities was JPY 288,720,000 compared to net cash used in operating activities of JPY 762,822,000 a year ago. Payment for the purchase of tangible fixed assets was JPY 85,303,000 compared to JPY 4,786,000 a year ago.
The company provided earnings guidance for the second quarter 2014. For the quarter, the company expected net sales of JPY 17,700 million, operating income of JPY 50 million, and net loss of JPY 90 million or JPY 8.10 per share.
The company provided earnings guidance for the year ended December 31, 2014. For the period, the company expected net sales of JPY 36,300 million, operating income of JPY 430 million, and net income of JPY 60 million or JPY 5.40 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 Year Ended December 31, 2013; Provides Earnings Guidance for the Second Quarter 2014 and Earnings and Dividend Guidance for the Year 2014