Hosiden Corporation Announces Consolidated Earnings Results for Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
February 01, 2018
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Hosiden Corporation announced consolidated earnings results for nine months ended December 31, 2017. For the period, the company reported net sales of JPY 234,299 million against JPY 93,866 million a year ago. Operating income was JPY 10,643 million against JPY 538 million a year ago. Ordinary income was JPY 11,395 million against JPY 1,665 million a year ago. Profit attributable to owners of parent was JPY 9,961 million or JPY 167.53 per share JPY 1,748 million or JPY 28.45 per share a year ago. Income before income taxes was JPY 11,397 million against JPY 2,156 million a year ago. Net cash used in operating activities was JPY 7,309 million against net cash provided by operating activities of JPY 1,029 million a year ago. Capital expenditures were JPY 4,692 million against JPY 3,357 million a year ago.
For the year ending March 31, 2017, the company expects net sales of JPY 290,000 million, operating income of JPY 11,500 million, ordinary income of JPY 10,300 million, net income attributable to owners of parent of JPY 9,000 million or JPY 151.36 per share.
Hosiden Corporation is principally engaged in the manufacture and sale of electronic components. The Company has four business segments. The Mechanical Component segment provides connectors, jacks and switches. The Acoustic segment offers microphones, headphones, headsets, speakers and receivers. The Liquid Crystal Display Device segment provides passive liquid crystal display devices. The Composite Part and Others segment offers remote controllers and solenoids.
Hosiden Corporation Announces Consolidated Earnings Results for Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018