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India

Sanshin Electronics Co Ltd (8150.T)

8150.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SANSHIN ELECTRONICS lowers consolidated full-year outlook and reaffirms year-end dividend outlook for FY 2016
Thursday, 4 Feb 2016 

SANSHIN ELECTRONICS CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 200,000 million yen from 220,000 million yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 2,100 million yen from 3,400 million yen.Sees a decrease of ordinary profit forecast to 2,000 million yen from 3,300 million yen.Sees a decrease of net profit forecast to 1,300 million yen from 2,300 million yen.Sees a decrease of earnings per share to 46.13 yen from 81.62 yen.Comments that decreased sales of device business is the main reason for the forecast.Reaffirms year-end dividend outlook of 30 yen per share, for the same fiscal year.  Full Article