Foster Electric Company, Limited Provides Dividend Guidance for the Year Ending March 2015; Reports Earnings Results for the Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015
January 29, 2015 at 10:00 am EST
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Foster Electric Company, Limited provided dividend guidance for the year ending March 2015. For the period, the company expects to pay a dividend of JPY 28 per share.
The company reported earnings results for the nine months ended December 31, 2014. For the nine months period, the company reported net sales of JPY 139,105 million compared to JPY 124,392 million a year ago. Operating income was JPY 8,178 million compared to JPY 5,852 million a year ago. Ordinary income was JPY 8,928 million compared to JPY 6,352 million a year ago. Net income was JPY 4,584 million compared to JPY 4,054 million a year ago. Diluted net income per share was JPY 171.39 compared to JPY 151.64 a year ago.
The company provided earnings guidance for the year ending March 31, 2015. For the year, the company expects net sales of JPY 185,000 million, operating income of JPY 9,300 million, ordinary income of JPY 9,800 million and net income of JPY 4,800 million of JPY 205.75 per share.
Foster Electric Company, Limited is a Japan-based company principally engaged in the manufacture and sale of speakers, audio equipment and electronic equipment. The Company operates in three business segments. Speaker segment is involved in the manufacture and sale of audios, televisions as well as in-vehicle speakers and speaker systems. Mobile Audio segment is involved in the manufacture and sale of headphones, headsets, small speakers and professional microphones. Others segment is involved in the manufacture and sale of buzzer and sounder products for alarm sounds, FOSTEX brand products, as well as the provision of logistics services.
Foster Electric Company, Limited Provides Dividend Guidance for the Year Ending March 2015; Reports Earnings Results for the Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015
FOSTER ELECTRIC COMPANY, LIMITED 
