Foster Electric Company, Limited Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017; Provides Year End Dividend Guidance for the Year Ending Mar 2017
January 30, 2017 at 10:30 am EST
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Foster Electric Company, Limited reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported loss attributable to owners of the parent of JPY 199 million, or JPY 7.47 per share, compared to profit attributable to owners of the parent of JPY 7,530 million, or JPY 281.47 per share, for the same period ended December 31, 2015. Net sales were JPY 117,987 million, compared to JPY 149,575 million for the same period ended December 31, 2015. Operating income was JPY 966 million compared to JPY 9,867 million for the same period ended December 31, 2015. Ordinary income was JPY 936 million compared to JPY 10,303 million for the same period ended December 31, 2015.
For the fiscal year ending March 31, 2017, the company expects profit attributable to owners of the parent to be JPY 1,000 million and net income per share to be JPY 37.52, net sales to be JPY 165,000 million, operating income to be JPY 2,500 million, Ordinary income to be JPY 2,500 million.
The company provided year end dividend guidance for the year ending Mar 2017. For the period, the company expected dividend of JPY 25 per share compared to JPY 25 per share paid 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 Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017; Provides Year End Dividend Guidance for the Year Ending Mar 2017
FOSTER ELECTRIC COMPANY, LIMITED 
