Seiko : Consolidated financial summary for the three months ended June 30, 2018
August 10, 2018 at 02:50 am EDT
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August 10, 2018
CONSOLIDATED FINANCIAL SUMMARY
FOR THE THREE MONTHS ENDED JUNE 30, 2018
Financial Highlights
For the three months ended June 30, 2018 (1Q FY 2018)
1Q FY2018
1Q FY2017
Millions of yen
Millions of US dollars
Millions of yen
Net sales
59,367
537.1
63,472
Operating income
2,431
22.0
2,717
Ordinary income
3,463
31.3
3,111
Profit attributable to owners of parent
3,068
27.8
1,199
Earnings per share (yen/USD)
¥ 74.45
US$ 0.67
¥ 29.09
End of March 2018
Millions of yen
Total assets
305,297
Net assets
105,170
Millions of yen
End of June 2018
Millions of US dollars
304,967 108,657
2,758.9
983.0
Note1: Japanese yen amounts have been converted into US dollars, for convenience only, using the rate of 110.54 yen/dollar. Note2: The Company has conducted share consolidation by which five common shares have been consolidated into one share on October 1, 2017. Earnings per share for the consolidated business results represent figures on the presumption that said share consolidation is performed at the beginning of the previous consolidated fiscal year (FY2017).
Sales and Profit (Loss) by Reported Segments
Millions of yen
Net Sales
Operating Income
1Q FY2018
1Q FY2017
Watches Business
33,826
31,694
2,620
1,436
Electronic Devices Business
14,100
21,546
627
2,038
Systems Solutions Business
7,423
6,193
514
272
55,350
59,434
3,762
3,747
Others
6,205
5,887
(169)
(5)
Adjustments
(2,188)
(1,849)
(1,160)
(1,024)
Consolidated total
59,367
63,472
2,431
2,717
1Q FY2018 1Q FY2017
Sub Total
Note: Consolidated total represents figures after consolidation adjustments such as the elimination of inter-segment sales.
[Forecasted business results for the year ending March 31, 2019 (FY2018)]
1. Financial highlights
FY2018
FY2017
Billions of yen
Millions of US dollars
Billions of yen
Net sales
250.0
2,261.6
268.5
Operating income
8.0
72.4
10.8
Ordinary income
9.0
81.4
10.9
Profit attributable to owners of parent
6.5
58.8
11.5
Earnings per share (yen/USD)
¥ 157.71
US$ 1.43
¥ 280.01
Cash dividends per share (yen/USD)
¥ 75.00
US$ 0.68
¥ 75.00
Note1: Japanese yen amounts have been converted into US dollars, for convenience only, using the rate of 110.54 yen/dollar. Note2: The Company has conducted share consolidation by which five common shares have been consolidated into one share on October 1, 2017. Earnings per share for the consolidated business results and Cash dividends per share represent figures on the presumption that said share consolidation is performed at the beginning of the consolidated fiscal year (FY2017).
2. Sales and Profit (Loss) by Reported Segments
Billions of yen
FY2018
FY2017
Watches Business
140.0
140.1
9.0
7.9
Electronic Devices Business
60.0
81.8
2.0
5.7
Systems Solutions Business
29.0
27.4
2.0
1.6
229.0
249.4
13.0
15.3
Others
30.0
27.8
0.5
0.5
Consolidated total
250.0
268.5
8.0
10.8
Operating Income FY2018 FY2017
Net SalesSub Total
Note: Consolidated total represents figures after consolidation adjustments such as the elimination of inter-segment sales.
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Seiko Holdings Corporation published this content on 10 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 August 2018 06:49:05 UTC
Seiko Group Corp is a Japan-based company mainly engaged in the operation of watch business, electronic device business and system solution business. The Company operates through three business segments. The Watch segment is engaged in the manufacture, wholesale and retail of watches and watch movements, as well as watch repair and after-sales service. The Electronic Device segment is engaged in the manufacture and sale of crystal oscillators, batteries and materials, printers, and precision parts. The System Solution segment is engaged in the manufacture and sale of products related to wireless communication equipment, information network systems, and data services. The Company also operates the time creation and wako business, including the sale of equipment clocks and sports timing equipment, the development manufacture, sale, repair and after-sales service of clocks, the retail of luxury jewelry, apparel and miscellaneous goods, and real estate leasing business.
SEIKO GROUP CORPORATION 
