Shima Seiki MFG.,Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for Ending March 31, 2018; Provides Dividend Guidance for the Full Year Ending March 31, 2018; Announces Interim Dividend for the Second Quarter Ended September 30, 2017
October 29, 2017
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Shima Seiki MFG.,Ltd. announced consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported net sales of JPY 35,569 million compared with JPY 29,615 million for the same period a year ago. Operating income was JPY 8,060 million compared with JPY 5,500 million for the same period a year ago. Ordinary income was JPY 8,884 million compared with JPY 2,310 million for the same period a year ago. Net income attributable to owners of the parent was JPY 6,529 million or JPY 188.19 per basic share compared with JPY 1,683 million or JPY 49.21 per basic share for the same period a year ago.
The company declared an interim dividend of JPY 25.00 per share for the second quarter of 2018.
The company provided dividend guidance for the full year ending March 31, 2018. The company plans to pay a final dividend of JPY 25.00 per share.
The company provided earnings guidance for the full year ending March 31, 2018. For the full year, the company expects to report net sales of JPY 73,000 million, operating income of JPY 15,000 million, ordinary income of JPY 15,000 million and net income attributable to owners of the parent of JPY 10,000 million or JPY 273.88 per share.
SHIMA SEIKI MFG., LTD. is a Japan-based company mainly engaged in the manufacture and sale of flat knitting equipment, design systems, gloves and socks knitting equipment. The Company operates in three business segments. The Flat Knitting Equipment segment is engaged in the manufacture and sale of computer flat knitting equipment and semi jacquard flat knitting equipment. The Design Systems Related segment is engaged in the manufacture and sale of computer design systems, as well as apparel computer-aided design (CAD) and computer-aided manufacturing (CAM) systems. The Gloves and Socks Knitting Equipment segment is engaged in the manufacture and sale of seamless gloves and socks knitting equipment. The Company is also engaged in the manufacture, sale and trading of textile materials, the planning, manufacture and sale of textile products, the operation of hotels, the manufacture and sale of knitting equipment and design system parts, as well as the repair and maintenance business.
Shima Seiki MFG.,Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for Ending March 31, 2018; Provides Dividend Guidance for the Full Year Ending March 31, 2018; Announces Interim Dividend for the Second Quarter Ended September 30, 2017
SHIMA SEIKI MFG.,LTD. 