Sanyo Denki Co., Ltd. Reports Consolidated Financial Results for the First Six Months Ended Sep. 30, 2017; Provides Financial and Dividend Guidance for the Year Ending Mar. 31, 2018; Announces Dividend for the Six Months Ended Sep. 30, 2017, Payable on Dec. 11, 2017
October 30, 2017
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Sanyo Denki Co., Ltd. reported consolidated financial results for the first six months ended Sep. 30, 2017. For the six months, the company reported operating profit of ¥3,873 million, profit before tax of ¥3,994 million and profit attributable to owners of parent of ¥2,900 million or ¥237.19 per basic share on revenue of ¥42,241 million against operating profit of ¥2,403 million, profit before tax of ¥1,936 million and profit attributable to owners of parent of ¥1,372 million or ¥111.95 per basic share on revenue of ¥35,818 million for the same period of last year. Ratio of equity attributable to owners of parent was 60.8% against 61.2% for the same period of last year. Net cash flows from operating activities was ¥3,162 million against ¥3,708 million for the same period of last year. Purchase of property, plant and equipment was ¥1,690 million against ¥606 million for the same period of last year. Purchase of intangible assets was ¥443 million against ¥434 million for the same period of last year.
For the year ending Mar. 31, 2018, the company expects pay an year end dividend of ¥50 per share.
For the year ending Mar. 31, 2018, the company expects operating profit of ¥8,500 million, profit before tax of ¥8,600 million and profit attributable to owners of parent of ¥6,100 million or ¥498.91 per basic share on revenue of ¥87,900 million.
For the six months ended Sep. 30, 2017, the company announced a dividend of ¥10 per share. Scheduled date for commencement of dividend payments is December 11, 2017.
SANYO DENKI CO., LTD. is a Japan-based company engaged in the production and sale of cooling fans, power supply devices and servomotors. The Company operates through five geographic segments including Japan, North America, Europe, East Asia, Southeast Asia. The Company is engaged in the cooling system business, power system business and servo system business. The cooling system business is engaged in the development, manufacture and sale of cooling fans and cooling systems. The power systems business is engaged in the development, manufacture and sale of uninterruptible power supplies, engine generators and power conditioners for photovoltaic systems. The servo system business is engaged in the development, manufacture and sale of servo motors, stepping motors, encoders, drive units and control systems.
Sanyo Denki Co., Ltd. Reports Consolidated Financial Results for the First Six Months Ended Sep. 30, 2017; Provides Financial and Dividend Guidance for the Year Ending Mar. 31, 2018; Announces Dividend for the Six Months Ended Sep. 30, 2017, Payable on Dec. 11, 2017