ARGO GRAPHICS Inc. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Full Year Ending March 31, 2018; Provides Dividend Guidance for the First Half and Full Year Ending March 30, 2018
July 27, 2017
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ARGO GRAPHICS Inc. announced consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales were ¥9,660 million against ¥8,912 million a year ago. Operating profit was ¥899 million against ¥775 million a year ago. Ordinary profit was ¥956 million against ¥814 million a year ago. Profit before income taxes were of ¥956.807 million compared to ¥822.806 million a year ago. Profit attributable to owners of parent was ¥614 million against ¥514 million a year ago. Earnings per share were ¥57.52 against ¥48.3 a year ago. Net cash provided by operating activities were of ¥191.452 million compared to ¥1,321.473 million a year ago. Purchase of property, plant and equipment were of ¥15.389 million compared to ¥41.626 million a year ago.
The company provided earnings guidance for the full year ending March 31, 2018. For the year ending March 31, 2018, the company expects sales of ¥37,000 million, operating profit of ¥3,200 million, ordinary profit of ¥3,450 million, profit attributable to owners of parent of ¥2,150 million and earnings per share of ¥201.37 diluted per share.
The company provided dividend guidance for the first half and full year ending March 30, 2018. For the first half, the company expects to pay dividend of ¥33.00 per share compared to ¥30.00 per share for the same period a year ago.
For the year ending, the company expects to pay dividend of ¥33.00 per share compared to ¥36.00 per share for the same period a year ago.
ARGO GRAPHICS Inc. is a Japan-based company engaged in the product lifecycle management (PLM) business and electronic design automation (EDA) business. The PLM segment consists of PLM solution business, system building support business and hardware maintenance and other business. The PLM solution business is engaged in the provision of PLM solutions, which target at the productivity improvement in manufacturing processes. The system building support business provides system building support services for the servers and personal computer (PC) clusters of manufacturers. The hardware maintenance (HM) and other business maintains the machines provided by the PLM solution and the system building support businesses. The EDA segment sells computer aided design (CAD) systems for electronic components and micro fabrication, including large scale integrated circuits, liquid crystal displays and other flat panel displays (FPD), magnetic head and micro machine.
ARGO GRAPHICS Inc. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Full Year Ending March 31, 2018; Provides Dividend Guidance for the First Half and Full Year Ending March 30, 2018