Shima Seiki Mfg., Ltd Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated and Non-Consolidated Earnings Guidance for the First Half of Fiscal 2019 and Full Year Ending March 31, 2019; Announces Dividend for the Year Ended March 31, 2018; Provides Interim and Year End Dividend Guidance for the Year Ending March 31, 2019
May 07, 2018
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Shima Seiki Mfg. Ltd. reported consolidated and non-consolidated earnings results for the year ended of March 31, 2018. For the period on consolidated basis, the company reported net sales of JPY 71,858 million compared to JPY 62,432 million a year ago. Operating income was JPY 14,905 million compared to JPY 11,262 million a year ago. Ordinary income was JPY 15,525 million compared to JPY 10,043 million a year ago. Net income attributable to owners of the parent was JPY 11,279 million compared to JPY 7,198 million a year ago. Net income per diluted share was JPY 316.82 compared to basic of JPY 209.68 a year ago. Return on equity was 9.9% compared to 7.1% a year ago. Net assets per share were JPY 3,381.85. Cash flow from operating activities were JPY 9,397 million compared to JPY 6,988 million.
For the full year, on a non-consolidated basis, the company reported net sales of JPY 61,038 million compared to JPY 52,160 million a year ago. Operating income was JPY 10,856 million compared to JPY 7,988 million a year ago. Ordinary income was JPY 10,435 million compared to JPY 5,706 million a year ago. Net income was JPY 7,495 million compared to JPY 4,001 million a year ago. Net income per share diluted was JPY 210.53 compared to basic was JPY 116.56 a year ago. Net assets per share were JPY 2,957.62.
The company provided consolidated and non-consolidated earnings guidance for the first half and full year ending March 31, 2019. For the first half, on a consolidated basis, the company expects net sales to be of JPY 34,000 million. Operating income expected to be of JPY 6,300 million. Ordinary income expected to be of JPY 6,600 million. Net income attributable to owners of the parent expected to be of JPY 4,800 million. Net income per share expected to be of JPY 131.46.
For the first half, on a non-consolidated basis, the company expects net sales to be of JPY 28,000 million. Ordinary income expected to be of JPY 4,700 million. Net income expected to be of JPY 3,500 million. Net income per share expected to be of JPY 95.86.
For the full year ending March 31, 2019, on a consolidated basis, the company expects net sales to be of JPY 76,000 million. Operating income expected to be of JPY 16,000 million. Ordinary income expected to be of JPY 16,000 million. Net income attributable to owners of the parent expected to be of JPY 11,500 million. Net income per share expected to be of JPY 314.96.
For the full year ended of March 31, 2019, on a non- consolidated basis, the company expects net sales to be of JPY 64,000 million. Ordinary income expected to be of JPY 11,500 million. Net income expected to be of JPY 8,000 million. Net income per share expected to be of JPY 219.11.
The company announced a year end dividend of JPY 35 per share for the year ended March 31, 2018 compared with JPY 25.0 per share for the year ended March 31, 2017.
For the year ending Mar. 31, 2019, the company expects to pay a dividend of JPY 35 per share at the end of the second quarter and a dividend of JPY 45 per share at the end of the 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 and Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated and Non-Consolidated Earnings Guidance for the First Half of Fiscal 2019 and Full Year Ending March 31, 2019; Announces Dividend for the Year Ended March 31, 2018; Provides Interim and Year End Dividend Guidance for the Year Ending March 31, 2019
SHIMA SEIKI MFG.,LTD. 