TOWA : Difference between the latest earning forecast for the Fiscal Year Ended March 31, 2018 and the results 39KB
May 10, 2018 at 02:53 am EDT
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May 10, 2018
Difference between the latest earning forecast for the Fiscal Year
Ended March 31, 2018 and the results
Company name:
TOWA CORPORATION
Stock exchange listings:
First Section of Tokyo Stock Exchange
Code number:
6315
URL:
http://www.towajapan.co.jp
Representative:
Hirokazu Okada, President and CEO
Contact person:
Nobutaka Shibahara, Division Manager of Corporate Planning Div．
Telephone number:
+81 75-692-0251
TOWA CORPORATION ("the Company") hereby announces the difference between the consolidated and non-consolidated earnings forecast for the fiscal year ended March 31, 2018 announced on November 6, 2017 ("the Latest Forecast") and the results announced today.
1. Difference between the Latest Forecast and the results
(From April 1, 2017 to March 31, 2018)
(1) Consolidated
Net sales
Operating income
Ordinary income
Net income attributable to owners of parent
Net income per share
The Latest Forecast (A)
Million Yen
30,605
Million Yen
4,491
Million Yen
4,521
Million Yen
3,057
Yen
122.23
Results (B)
31,010
3,682
3,540
3,026
121.02
Change (B－A)
405
-808
-980
-30
Rate of change (%)
1.3
-18.0
-21.7
-1.0
(Ref.) Results for the year ended March 31, 2017
27,632
3,831
4,131
3,867
154.64
(2) Non-Consolidated
Net sales
Ordinary income
Net income
Net income per share
The Latest Forecast (A)
Million Yen
28,131
Million Yen
2,713
Million Yen
2,011
Yen
80.41
Results (B)
28,475
1,741
2,082
83.25
Change (B－A)
344
-971
71
Rate of change (%)
1.2
-35.8
3.5
(Ref.) Results for the year ended March 31, 2017
25,591
2,383
2,862
114.44
2. Reasons of the difference
As to the sales amount of the fiscal year ended March 31, 2018, it excessed the amount announced in the Latest Forecast mainly due to (i) strong demands for DRAM and NAND flash memories led by increase in capacities of smartphones for memory chips and increase in the number of data centers, and (ii) increase in demands for high function semiconductors that can process huge amount of data rapidly along with the expansion of cryptocurrency market.
On the other hand, as to the income, though the Company improved productivity by auto-designing, direct shipping form overseas manufacturing subsidiaries and so on, it did not reach the amount announced in the Latest Forecast due to (i) product mix factor such as decrease in the percentage of compression equipment sales because the evaluation of WLP (Wafer Level Package) and PLP (Panel Level Package) prototype by customers takes more time the Company expected, and (ii) increase of expenditure for outside contractors to deal with the orders and sales amount increase and short time delivery.
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Towa Corporation published this content on 10 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 May 2018 06:52:03 UTC
TOWA CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of precision molds for semiconductor manufacturing, semiconductor manufacturing equipment and fine plastic-molded parts. The Company operates in two business segments. The Semiconductor Manufacturing Equipment segment manufactures and sells semiconductor manufacturing precision molds, molding equipment and singulation equipment, among others. The Fine Plastic Moldings segment manufactures and sells medical equipment.
TOWA CORPORATION 
