Star Micronics Co., Ltd. Reports Consolidated Earnings Results for the Fiscal First Quarter Ended May 31, 2017; provides consolidated earnings guidance for the fiscal interim and full year ending February 28, 2018
June 29, 2017 at 02:00 am EDT
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Star Micronics Co., Ltd. reported consolidated earnings results for the fiscal first quarter ended May 31, 2017. For the quarter, the company reported net sales were JPY 13,475 million against JPY 11,036 million for the same period prior year. Operating income was JPY 1,102 million against JPY 802 million for the same period prior year. Ordinary income was JPY 1,160 million against JPY 751 million for the same period prior year. Income before income taxes was JPY 1,142,822,000 against JPY 750,040,000 a year ago. Net income attributable to owners of parent was JPY 837 million or JPY 19.57 per diluted share against JPY 653 million or JPY 15.41 per diluted share for the same period prior year.
The company provided consolidated earnings guidance for the fiscal interim and full year ending February 28, 2018. For interim, the company expects net sales of JPY 24,200 million, operating income of JPY 1,680 million, ordinary income of JPY 1,780 million, profit attributable to owners of the parent of JPY 1,300 million, and net income per share of JPY 34.86.
For the full year, the company expects net sales of JPY 51,200 million, operating income of JPY 4,600 million, ordinary income of JPY 4,800 million, profit attributable to owners of the parent of JPY 3,700 million, and net income per share of JPY 99.22.
STAR MICRONICS CO.,LTD. is a Japan-based company centered on manufacturing and assembly of small sized precision components and equipment. The Company operates in three segments. The Special Products segment is engaged in manufacturing and sales of small printers. The Machine Tools segment is engaged in manufacturing and sales of machine tools like computerized numerical control (CNC) automatic lathes. The Precision Products segment is engaged in manufacturing and sales of wristwatch components and various components used in automobiles, air conditioners, hard disk drives (HDD) and medical. The Company operates in Japan, the United States, China, Germany, etc.
Star Micronics Co., Ltd. Reports Consolidated Earnings Results for the Fiscal First Quarter Ended May 31, 2017; provides consolidated earnings guidance for the fiscal interim and full year ending February 28, 2018