Shima Seiki Mfg., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Dividend Guidance for the Year Ending March 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2018
January 30, 2018
Share
Shima Seiki Mfg., Ltd. reported consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported net sales of ¥51,845 million compared to ¥40,545 million, operating income of ¥11,254 million compared to ¥6,399 million, ordinary income of ¥12,400 million compared to ¥4,940 million and net income attributable to owners of parent of ¥8,951 million or ¥253.55 per share compared to ¥3,486 million or ¥101.86 per share for the last year.
The expected to pay dividend of ¥25.00 per share for the year ending March 31, 2018 compared to ¥25.00 per share paid in last year.
The company provided earnings guidance for the year ending March 31, 2018. For the year, the company expected net sales of ¥73,000 million, operating income of ¥15,000 million, ordinary income of ¥15,000 million and net income attributable to owners of parent of ¥10,000 million or ¥273.88 per share for the last year.
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 Nine Months Ended December 31, 2017; Provides Dividend Guidance for the Year Ending March 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2018
SHIMA SEIKI MFG.,LTD. 