YKT Corporation Reports Consolidated Earnings Results for the Year Ended December 31, 2013; Declares Year-End Dividend for 2013 Payment Commencing from March 27, 2014; Provides Year-End Dividend Guidance for 2014; Provides Consolidated Earnings Guidance for the Six Months and Full Year of 2014
February 13, 2014
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YKT Corporation reported consolidated earnings results for the year ended December 31, 2013. For the period, the company reported net sales of JPY 7,099 million against JPY 8,036 million for the same period in the last year. Operating loss was JPY 221 million against operating income of JPY 148 million for the same period in the last year. Ordinary loss was JPY 213 million against ordinary income of JPY 163 million for the same period in the last year. Net loss was JPY 169 million against net income of JPY 224 million for the same period in the last year. Net loss per share was JPY 14.24 against net income per share of JPY 18.87 for the same period in the last year. Cash flows from operating activities were JPY 631 million against JPY 142 million for the same period in the last year. Loss before income taxes and minority interests was JPY 211,991,000 against income before income taxes and minority interests of JPY 162,703,000 for the same period in the last year. Purchase of property, plant and equipment was JPY 18,020,000 against JPY 11,316,000 for the same period in the last year. Purchase of intangible assets was JPY 341,000 against JPY 12,950,000 for the same period in the last year.
For 2013, the company declared a year-end dividend of JPY 5.00 per share, unchanged from previous year. The scheduled date to commence dividend payments is March 27, 2014.
The company expects to pay a year-end dividend of JPY 5.00 per share for 2014.
The company provided consolidated earnings guidance for the six months and full year of 2014. For the six months ending June 30, 2014, the company expects net sales of JPY 4,300 million, operating income of JPY 40 million, ordinary income of JPY 50 million, net income of JPY 50 million and net income per share of JPY 4.21.
For the year ending December 31, 2013, the company expects net sales of JPY 8,800 million, operating income of JPY 80 million, ordinary income of JPY 100 million, net income of JPY 100 million and net income per share of JPY 8.42.
YKT CORPORATION is a Japan-based company mainly engaged in the sale of electronic equipment and equipment machineries such as machine tools and measuring equipment, as well as the maintenance and service of related to those transactions. The Company operates through two business segments. The Electronic Equipment and Machine Tool segment is involved in the sale of electronic equipment such as electronic component mounting machines from domestic manufacturers and production equipment such as machine tools, measuring equipment and industrial machines from overseas manufacturers. The Optoelectronics segment is involved in the sale of optical amplifiers and other components related to optical communications, research laser equipment and laser processing equipment. The Companyâs main products include chip mounters, liquid crystal display (LCD) bonders, tool grinders and special grinders, among others.
YKT Corporation Reports Consolidated Earnings Results for the Year Ended December 31, 2013; Declares Year-End Dividend for 2013 Payment Commencing from March 27, 2014; Provides Year-End Dividend Guidance for 2014; Provides Consolidated Earnings Guidance for the Six Months and Full Year of 2014