Shizuki Electric Company Inc. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2018 and for the Full Year Ending March 31, 2019; Provides Dividend Guidance for the Second Quarter and Year End of Fiscal 2019
July 30, 2018 at 12:00 am EDT
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Shizuki Electric Company Inc. announced consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company announced net sales of JPY 4,857 million against JPY 4,402 million a year ago. Operating profit was JPY 207 million against JPY 71 million a year ago. Ordinary profit was JPY 313 million against JPY 165 million a year ago. Profit attributable to owners of parent was JPY 200 million or JPY 6.07 per basic share against JPY 87 million or JPY 2.66 per basic share a year ago.
The company provided consolidated earnings guidance for the six months ending September 30, 2018 and for the full year ending March 31, 2019. For the six months, the company expects to report net sales of JPY 10,000 million, operating profit of JPY 515 million, ordinary profit of JPY 550 million and profit attributable to owners of parent of JPY 220 million or JPY 6.67 per basic share.
For the full year, the company expects to report net sales of JPY 21,000 million, operating profit of JPY 1,240 million, ordinary profit of JPY 1,360 million and profit attributable to owners of parent of JPY 650 million or JPY 19.70 per basic share.
The company is expecting to pay dividend of JPY 5.00 per share for the second quarter of fiscal 2019 compared to JPY 5.00 per share a year ago.
The company is expecting to pay dividend of JPY 6.00 per share for the year end ending March 31, 2019 compared to JPY 6.00 per share a year ago.
SHIZUKI ELECTRIC COMPANY INC. is a Japan-based company mainly engaged in the manufacture and sale of film capacitors and related products, as well as the power equipment system business. The Company operates in two business segments. The Capacitor and Module segment is engaged in the manufacture and sale of capacitors for air conditioners, automobiles, washing equipment, ventilation fans, railway vehicles, control equipment and others. The Electric Power Equipment System segment is engaged in the manufacture and sale of electric power equipment such harmonic countermeasure equipment, railway power supply equipment, electric furnace equipment, power receiving and transforming equipment, instantaneous voltage drop compensation devices and others. The Company is also engaged in the information equipment system business. The Company operates within the domestic market and to overseas markets, including the United States, China and Southeast Asian.
Shizuki Electric Company Inc. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2018 and for the Full Year Ending March 31, 2019; Provides Dividend Guidance for the Second Quarter and Year End of Fiscal 2019
SHIZUKI ELECTRIC COMPANY INC. 
