ARGO GRAPHICS Inc. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
January 25, 2018
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ARGO GRAPHICS Inc. announced consolidated earnings results for the third quarter and nine months Ended December 31, 2017. For the nine months, the company reported net sales of JPY 27,739 million, operating profit of 2,566 million, ordinary profit of JPY 2,759 million and profit attributable to owners of parent of JPY 1,774 million against net sales of JPY 25,421 million, operating profit of 2,218 million, ordinary profit of JPY 2,398 million and profit attributable to owners of parent of JPY 1,499 million a year ago. Basic earnings per share were JPY 166.23 against JPY 140.55 a year ago. Profit before income taxes was JPY 2,760 million against JPY 2,406 million a year ago. Net cash provided by operating activities was JPY 1,056 million against JPY 2,293 million a year ago. Purchase of property, plant and equipment was JPY 86 million against JPY 53 million a year ago. Purchase of intangible assets was JPY 10 million against JPY 36 million a year ago.
For the third quarter, the company reported net sales of JPY 8,752 million, operating profit of 756 million, ordinary profit of JPY 837 million and profit attributable to owners of parent of JPY 545 million against net sales of JPY 7,870 million, operating profit of 607 million, ordinary profit of JPY 707 million and profit attributable to owners of parent of JPY 436 million a year ago. Profit before income taxes was JPY 837 million against JPY 707 million a year ago.
For the year ending March 31, 2018, the company expects net sales of JPY 37,000 million, operating profit of 3,200 million, ordinary profit of JPY 3,450 million profit attributable to owners of parent of JPY 2,150 million and earnings per share of JPY 201.37.
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 Third Quarter and Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018