Shizuki Electric Company Inc. Provides Dividend Guidance for the Second Quarter Ending September 2016 and Full Year Ending March 31, 2017; Announces Consolidated Earnings Results for the First Quarter June 30, 2016; Provides Earnings Guidance for the Second Quarter Ending September 2016 and for the Year Ending March 31, 2017
July 29, 2016 at 09:00 am EDT
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Shizuki Electric Company Inc. provided dividend guidance for the second quarter and full year ending March 31, 2017. For the second quarter, the company expects to pay dividend of JPY 5 per share against JPY 5 per share a year ago.
For the full year, expects to pay dividend of JPY 6 per share against JPY 6 per share a year ago.
The company announced consolidated earnings results for the first quarter June 30, 2016. For the quarter, the company reported net sales of JPY 4,904 million against JPY 5,089 million a year ago. Operating income was JPY 216 million against JPY 369 million a year ago. Ordinary income was JPY 249 million against JPY 418 million a year ago. Profit attributable to owners of parent was JPY 149 million against JPY 296 million a year ago. Basic net income per share was JPY 5.14 against JPY 10.17 a year ago. Net assets per share were JPY 656.05 on June 30, 2016 compared to JPY 665.33 on March 2016.
For the second quarter ending September 2016, the company expects net sales of JPY 10,480 million, operating income of JPY 935 million, ordinary income of JPY 995 million, profit attributable to owners of parent of JPY 645 million and JPY 22.16 basic net income per share.
For the year ending March 31, 2017, the company expects net sales of JPY 22,000 million, operating income of JPY 2,150 million, ordinary income of JPY 2,270 million, profit attributable to owners of parent of JPY 1,385 million and JPY 47.58 basic net income per share.
SHIZUKI ELECTRIC COMPANY INC. is a Japan-based company mainly engaged in the manufacture and sale of film capacitors and related products, as well as the power equipment system business. The Company operates in two business segments. The Capacitor and Module segment is engaged in the manufacture and sale of capacitors for air conditioners, automobiles, washing equipment, ventilation fans, railway vehicles, control equipment and others. The Electric Power Equipment System segment is engaged in the manufacture and sale of electric power equipment such harmonic countermeasure equipment, railway power supply equipment, electric furnace equipment, power receiving and transforming equipment, instantaneous voltage drop compensation devices and others. The Company is also engaged in the information equipment system business. The Company operates within the domestic market and to overseas markets, including the United States, China and Southeast Asian.
Shizuki Electric Company Inc. Provides Dividend Guidance for the Second Quarter Ending September 2016 and Full Year Ending March 31, 2017; Announces Consolidated Earnings Results for the First Quarter June 30, 2016; Provides Earnings Guidance for the Second Quarter Ending September 2016 and for the Year Ending March 31, 2017
SHIZUKI ELECTRIC COMPANY INC. 
