Shindengen Electric Manufacturing Co. Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015
Shindengen Electric Manufacturing Co. Ltd. announced consolidated earnings results for the six months ended September 30, 2014. For the period, the company reported net sales of ¥50,438 million against ¥50,574 million for the same period last year. Operating income was ¥4,732 million against ¥5,970 million for the same period last year. Ordinary income was ¥4,546 million against ¥6,330 million for the same period last year. Net income was ¥2,989 million or ¥29.01 per basic share against ¥5,337 million or ¥51.80 per share for the same period last year. Income before income taxes was ¥4,546 million against ¥6,763 million for the same period last year. Income before minority interests was ¥2,989 million against ¥5,337 million for the same period last year.
The company provided earnings guidance for the year ending March 31, 2015. For the year, the company expects net sales of ¥104,000 million, operating income of ¥9,800 million, ordinary income of ¥9,200 million and net income of ¥6,500 million or ¥63.08 per share.