Sanyo Denki Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016; Provides Dividend Guidance for the Fourth Quarter of Fiscal Year 2016
January 27, 2016
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Sanyo Denki Co., Ltd. announced consolidated earnings results for the nine months ended December 31, 2015. For the period, the company reported net sales of JPY 60,108 million compared to JPY 67,202 million a year ago. Operating income was JPY 4,053 million compared to JPY 5,164 million a year ago. Ordinary income was JPY 4,232 million compared to JPY 6,060 million a year ago. Profit attributable to owners of parent company was JPY 2,741 million or JPY 44.14 per share compared to JPY 4,284 million or JPY 68.98 per share a year ago. Income before income taxes and non-controlling interests was JPY 4,232 million compared to JPY 6,050 million a year ago. Net cash provided by operating activities amounted to JPY 2,454 million against JPY 3,503 million in the same period last year. This is mainly attributable to income before income taxes and non-controlling interests of JPY 4,232 million, decrease in notes and accounts receivable-trade of JPY 3,271 million, and income taxes paid of JPY 3,360 million. Purchase of property, plant and equipment was JPY 1,558 million compared to JPY 2,300 million a year ago.
For the year ending March 31, 2016, the company expects net sales of JPY 86,000 million, operating income of JPY 7,900 million, ordinary income of JPY 8,000 million and profit attributable to owners of parent company was JPY 5,600 million or JPY 90.16 per share.
For the fourth quarter of fiscal year 2016, the company expects to declare a dividend of JPY 9.00 per share against JPY 9.00 declared for the same period last year.
For the fiscal year 2016, the company expects to pay annual dividend of JPY 18.00 per share against JPY 17.00 declared for the same period last year.
SANYO DENKI CO., LTD. is a Japan-based company engaged in the production and sale of cooling fans, power supply devices and servomotors. The Company operates through five geographic segments including Japan, North America, Europe, East Asia, Southeast Asia. The Company is engaged in the cooling system business, power system business and servo system business. The cooling system business is engaged in the development, manufacture and sale of cooling fans and cooling systems. The power systems business is engaged in the development, manufacture and sale of uninterruptible power supplies, engine generators and power conditioners for photovoltaic systems. The servo system business is engaged in the development, manufacture and sale of servo motors, stepping motors, encoders, drive units and control systems.
Sanyo Denki Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016; Provides Dividend Guidance for the Fourth Quarter of Fiscal Year 2016