Allied Telesis Holdings K.K. Reports Consolidated Earnings Results for the Year Ended December 31, 2016
Allied Telesis Holdings K.K. reported consolidated earnings results for the year ended December 31, 2016. For the year, the company reported net sales of ¥29,301,319,000 against ¥28,361,152,000 for the last year. Operating profit was ¥572,810,000 against operating loss of ¥2,527,138,000 for the last year. Income before income taxes was ¥51,022,000 against loss before income taxes was ¥2,415,293,000 for the last year. Profit attributable to owners of parent was ¥111,345 compared to loss attributable to owners of parent of ¥2,689,763 a year ago. Net cash provided by operating activities was ¥406,527 compared to net cash used in operating activities of ¥125,974,000 for the last year. Purchase of tangible fixed assets was ¥312,522,000 against ¥435,419,000 for the last year. Purchase of intangible fixed assets was ¥101,199,000 against ¥247,454,000 for the last year. Return on equity was 3.8% against negative return in equity 64.3% a year ago. Negative return on assets was 2.1% against 12.3% a year ago.