Shima Seiki Mfg. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the First Half and Full Year Ending March 31, 2020; Provides First Half and Full Year Dividend Guidance for the Fiscal Year Ending March 31, 2020
July 30, 2019
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Shima Seiki Mfg. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the period, the company reported net sales of JPY 8,393 million compared to JPY 16,923 million a year ago. Operating loss was JPY 872 million compared to profit of JPY 3,307 million a year ago. Ordinary loss was JPY 944 million compared to income of JPY 3,670 million a year ago. Net loss attributable to owners of the parent was JPY 689 million compared to income of JPY 2,571 million a year ago. Net loss per share was JPY 19.41 compared to income of JPY 70.44 a year ago.
For the first half on consolidated basis, the company expects net sales of JPY 23,000 million, operating income of JPY 400 million, ordinary income of JPY 700 million, net income attributable to owners of the parent of JPY 600 million and net income per share of JPY 16.90.
For the full year ending March 31, 2020 on a consolidated basis, the company expects net sales of JPY 52,300 million, operating income of JPY 4,000 million, ordinary income of JPY 4,400 million, net income attributable to owners of the parent of JPY 3,300 million and net income per share of JPY 92.93.
For the first half of fiscal year ending March 31, 2020, the company expects to pay a dividend of JPY 20.00 per share against JPY 30.00 a year ago.
For the full year ending March 31, 2020, the company expects to pay a dividend of JPY 25 per share against JPY 25.00 per share 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 Mfg. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the First Half and Full Year Ending March 31, 2020; Provides First Half and Full Year Dividend Guidance for the Fiscal Year Ending March 31, 2020
SHIMA SEIKI MFG.,LTD. 
