Star Micronics Co., Ltd. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 30, 2015; Provides Consolidated Earnings Guidance for the Year Ending February 29, 2016
January 07, 2016 at 10:00 am EST
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Star Micronics Co., Ltd. reported consolidated earnings results for the third quarter and nine months ended November 30, 2015. For the period, the company reported net sales of JPY 40,152 million compared to JPY 36,143 million a year ago. Operating income was JPY 4,175 million compared to JPY 3,862 million a year ago. Ordinary income was JPY 3,785 million compared to JPY 4,371 million a year ago. Net income was JPY 2,724 million compared to JPY 3,509 million a year ago. Net income per share was JPY 64.43 compared to JPY 83.27 a year ago. Diluted net income per share was JPY 64.20 compared to JPY 83.05 a year ago.
For the quarter, the company reported sales of JPY 12,979 million compared to JPY 13,300 million a year ago. Operating income was JPY 1,322 million compared to JPY 1,555 million a year ago. Ordinary income was JPY 1,313 million compared to JPY 1,867 million a year ago. Net income was JPY 867 million compared to JPY 1,394 million a year ago.
The company provided consolidated earnings guidance for the year ending February 29, 2016. For the period, the company expects net sales of JPY 55,500 million, operating income of JPY 6,500 million, ordinary income of JPY 6,200 million, net income of JPY 4,700 million and net income per share of JPY 111.15.
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 Third Quarter and Nine Months Ended November 30, 2015; Provides Consolidated Earnings Guidance for the Year Ending February 29, 2016