Foster Electric Company, Limited Provides Dividend Guidance for the Fourth Quarter Ended March 31, 2017, Payable December 6, 2016; Reports Consolidated Earnings Results for the Second Quarter Ended September 2016; Provides Consolidated Earnings Guidance for the Full Year Ending March 2017
October 28, 2016 at 11:00 am EDT
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Foster Electric Company, Limited provided dividend guidance for the fourth quarter and year ended March 31, 2017. For the fourth quarter the company expects JPY 25.00 per share compared to JPY 25.00 per share a year ago. Payable date December 6, 2016.
The company reported consolidated earnings results for the second quarter ended September 2016. For the quarter, net sales were JPY 68,342 million compared to JPY 96,641 million a year ago. Operating loss was JPY 182 million compared to operating income of JPY 5,524 million a year ago. Ordinary income was JPY 28 million compared to JPY 5,927 million a year ago. Loss attributable to owners of parent was JPY 227 million compared to profit of JPY 4,406 million a year ago. Net loss per share was JPY 8.51 compared to net income per share of JPY 164.71 a year ago.
On consolidated basis, the company provided earnings guidance for the full year ending March 2017. The company expects net sales of JPY 160,000 million, operating income of JPY 4,000 million, ordinary income of JPY 4,000 million, profit attributable to owners of parent of JPY 2,000 million or JPY 74.76 per share.
Foster Electric Company, Limited is a Japan-based company principally engaged in the manufacture and sale of speakers, audio equipment and electronic equipment. The Company operates in three business segments. Speaker segment is involved in the manufacture and sale of audios, televisions as well as in-vehicle speakers and speaker systems. Mobile Audio segment is involved in the manufacture and sale of headphones, headsets, small speakers and professional microphones. Others segment is involved in the manufacture and sale of buzzer and sounder products for alarm sounds, FOSTEX brand products, as well as the provision of logistics services.
Foster Electric Company, Limited Provides Dividend Guidance for the Fourth Quarter Ended March 31, 2017, Payable December 6, 2016; Reports Consolidated Earnings Results for the Second Quarter Ended September 2016; Provides Consolidated Earnings Guidance for the Full Year Ending March 2017
FOSTER ELECTRIC COMPANY, LIMITED 
