Shima Seiki Manufacturing Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings and Dividend Guidance for the First Half of Fiscal 2018 and for the Year Ending March 31, 2018
July 27, 2017
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Shima Seiki Manufacturing Ltd. announced consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 17,251 million compared to JPY 16,885 million a year ago. Operating income was JPY 3,747 million compared to JPY 3,791 million a year ago. Ordinary income was JPY 4,181 million compared to JPY 990 million a year ago. Net income attributable to owners of the parent was JPY 3,048 million or JPY 88.26 per diluted share compared to JPY 873 million or JPY 25.52 per share a year ago.
For the first half of fiscal 2018, on consolidated basis, the company expects net sales of JPY 38,000 million, operating income of JPY 8,000 million, ordinary income of JPY 8,000 million and net income attributable to owners of the parent of JPY 5,300 million or JPY 153.60 per share.
For the year ending March 31, 2018, on consolidated basis, the company expects 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 289.80 per share.
The company provided dividend guidance for the first half of fiscal 2018 and for the full year ending March 31, 2018. For the first half, the company expects to pay dividend of JPY 25.00 per share against JPY 20.00 per share paid a year ago.
For the full year, the company expects to pay dividend of JPY 25.00 per share against JPY 25.00 per share paid a year ago.
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 Manufacturing Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings and Dividend Guidance for the First Half of Fiscal 2018 and for the Year Ending March 31, 2018