Wacom Co., Ltd. Announces Consolidated Financial Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the Second Quarter and Year Ending March 31, 2017
May 11, 2016 at 11:05 am EDT
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Wacom Co., Ltd. announced consolidated financial results for the year ended March 31, 2016. For the year, the company reported net sales of ¥77,568 million against ¥74,557 million a year ago. Operating income was ¥3,664 million against ¥6,143 million a year ago. Income before income taxes was ¥3,597,489,000 against ¥5,106,695,000 a year ago. Profit attributable to owners of parent was ¥2,310 million against ¥3,473 million a year ago. Diluted earnings per share were ¥13.99 compared to ¥20.82 a year ago. Net cash provided by operating activities was ¥2,009,164,000 compared to ¥6,782,233,000 a year ago. Purchase of property, plant and equipment was ¥1,166,777,000 compared to ¥762,060,000 a year ago. Purchase of intangible assets was ¥108,549,000. The main factors contributing to cash inflow were an increase of ¥3,597 million in income before income taxes and minority, an increase of ¥2,004 million in depreciation, and an increase of ¥422 million in provision for bonuses.
The company provided earnings guidance for the second quarter and year ending March 31, 2017. For the year ending March 31, 2017, on consolidated basis, the company expects net sales of ¥82,000 million, operating income of ¥4,200 million, net profit attributable to stockholders of ¥3,000 million or ¥18.24 per share.
For the second quarter of year ending March 31, 2017, on consolidated basis, the company expects net sales of ¥37,230 million, operating income of ¥100 million, net profit attributable to stockholders of ¥50 million or ¥0.30 per share.
Wacom Co Ltd is a Japan-based company mainly engaged in the development, manufacturing, and sale of brand products and technology solution products, as well as service operations. The Company operates through two business segments. The Technology Solutions segment is engaged in the provision of digital pens, sensors, touch panel components and modules. They are used for mobile devices such as tablet computers, e-books and mobile terminals. The Branded Products segment provides three kinds of services. Creative business provides pen tablets, mobiles and displays. The consumer business provides stylus pens, smart pads, and digital stationery. They are mainly used for illustration and memo making on digital terminals. Business solutions provides pen tablets. They are mainly used in the fields of education, medical care, and digital signatures.
Wacom Co., Ltd. Announces Consolidated Financial Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the Second Quarter and Year Ending March 31, 2017