Foster Electric Company, Limited Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending March 2017
July 28, 2016 at 11:30 am EDT
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Foster Electric Company, Limited reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 34,555 million, operating income of JPY 885 million, ordinary income of JPY 1,048 million and profit attributable to owners of parent of JPY 997 million or JPY 37.28 per basic share as compared net sales of JPY 47,092 million, operating income of JPY 2,424 million, ordinary income of JPY 2,728 million and profit attributable to owners of parent of JPY 1,784 million or JPY 66.70 per basic share for the same period a year ago.
The company provided earnings guidance for the year ending March 31, 2017. For the year ending March 31, 2017, the company expects net sales of JPY 180,000 million, operating income of JPY 8,000 million, ordinary income of JPY 8,000 million and profit attributable to owners of parent of JPY 4,600 million or JPY 171.94 per basic share.
The company provided dividend guidance for the year ending March 2017. For the fiscal year 2017, the company expects to pay total dividend of JPY 40.00 per share compared to JPY 50.00 per share a year ago.
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 Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending March 2017
FOSTER ELECTRIC COMPANY, LIMITED 
