Nihon Dempa Kogyo Co., Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017 and Full Year Ending March 31, 2018
August 04, 2017 at 02:00 am EDT
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Nihon Dempa Kogyo Co., Ltd. reported unaudited consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company's net sales were ¥10,541 million against ¥10,670 million a year ago. Operating loss was ¥186 million against operating income of ¥34 million a year ago. Loss before tax of ¥195 million. Net loss attributable to owners of the parent was ¥277 million against ¥18 million a year ago. Basic LPS was ¥14.14 against ¥0.94 a year ago. Net cash provided by operating activities was ¥725 million against ¥1,824 million a year ago. Purchase of property, plant and equipment was ¥1,283 million against ¥499 million a year ago. Purchase of intangible assets was ¥21 million against ¥12 million a year ago. Loss before income tax was ¥195 million.
For the six months ending September 30, 2017, the company expects net sales of ¥24,200 million, operating income of ¥300 million, income before income tax of ¥250 million and net income attributable to owners of the parent of ¥200 million or ¥10.19 per basic share.
For the year ending March 31, 2018, the company expects net sales of ¥50,000 million, operating income of ¥1,500 million, income before tax of ¥1,400 million and net income attributable to owners of the parent of ¥1,100 million or ¥56.05 per basic share.
NIHON DEMPA KOGYO CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of crystal devices, such as crystal oscillators (XOs) and crystal equipment, as well as crystal-related products, such as application equipment, artificial crystals and crystal blanks. The Company offers crystal oscillators and crystal equipment in North America, Southeast Asia, Europe, China and other markets. The Company is also enagegd in the manufacture and sale of other application equipment, crystals and crystal blanks in domestic and overseas markets.
Nihon Dempa Kogyo Co., Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017 and Full Year Ending March 31, 2018