Allied Telesis Holdings K.K. Reports Consolidated Earnings Results for the Year Ended December 31, 2013; Provides Earnings Guidance for the First Half Ending June 30, 2014, Second Half and Year Ending December 31, 2014; Proposes Dividend for the Full Year Ended December 31, 2013; Provides Dividend Guidance for the Year Ending December 31, 2014
Feb 12 14
Allied Telesis Holdings K.K. reported consolidated earnings results for the year ended December 31, 2013. Net sales were ¥29,924,351,000 against ¥28,288,160,000 last year. Operating loss was ¥1,284,986,000 against operating income of ¥196,197,000 last year. Ordinary income was ¥761,609,000 against ¥1,103,361,000 last year. Income before income taxes was ¥755,082,000 against ¥1,027,035,000 last year. Income before minority interests was ¥95,412,000 against ¥729,854,000 last year. Net income was ¥95,412,000 or ¥0.83 per share against ¥729,854,000 or ¥6.28 per share last year. Net cash used in operating activities was ¥101,160,000 against net cash provided by operating activities of ¥1,985,662,000 last year. Purchase of tangible fixed assets was ¥2,209,570,000 against ¥1,939,907,000 last year. Purchase of intangible fixed assets was ¥432,439,000 against ¥434,548,000 last year. Return on equity was 0.9% against 6.1% last year. Return on assets was 2.9% against 4.4% last year. An increase in cost of sales in Japan and a rise in overseas expenses when translated into Japanese yen led to an operating loss. Principle causes for net cash used in operating activities was a decrease in inflows of ¥518 million due to an operating loss and a decrease in valuation of account receivable. Increased income taxes paid paced an increase in outflows of ¥424 million.
The company recognizes the importance of returning profits to shareholders and maintains a basic policy of stable dividend distribution, which is determined by taking into account the creation of a solid business infrastructure, financial soundness, and performance. Based on this philosophy of distribution of profits, the company plans to pay a term-end dividend for December 31, 2013 of ¥3 per share.
For year ending December 31, 2014, the company intends to distribute a dividend of ¥2 per share. This decision is the result of comprehensive consideration of a number of factors, including the basic policy and the importance of continuing investment in research and development.
For the first half ending June 30, 2014, the company expects net sales of ¥14,700 million, operating loss of ¥1,400 million, ordinary loss of ¥1,450 million and net loss of ¥1,450 million.
For the second half ending December 31, 2014, the company expects net sales of ¥19,600 million, operating income of ¥2,100 million, ordinary income of ¥2,000 million and net income of ¥1,550 million.
For the year ending December 31, 2014, the company expects ¥34,300 million in net sales, ¥700 million in operating income, ¥550 million in ordinary income and ¥100 million in net income.
Allied Telesis Holdings K.K. Announces Consolidated Earnings Results for the Nine Months Ended September 30, 2013; Reaffirms Earnings Guidance for the Full Year Ending December 31, 2013
Nov 12 13
Allied Telesis Holdings K.K. announced consolidated earnings results for the nine months ended September 30, 2013. For the quarter, Net sales were JPY 19,410,694,000 against JPY 18,299,036,000 a year ago. This is due to the improvements in sales volumes in Japan as well as in Europe and the U.S. made in the third quarter (July 1, 2013 - September 30, 2013) and also the fact that due to the yen's depreciation, overseas sales during the same period in the yen equivalent increased. Ordinary loss was JPY 2,064,288,000 against JPY 2,505,249,000 a year ago. Loss before income taxes was JPY 2,071,591,000 against JPY 2,546,118,000 a year ago. Net loss was JPY 2,347,983,000 against JPY 2,623,370,000 a year ago. Net loss per share was JPY 20.22 against JPY 22.58 a year ago.
For the full year ending December 31, 2013, the company expects net sales of JPY 33,000 million, operating income of JPY 350 million, ordinary income of JPY 600 million, net income of JPY 250 million and net income per share of JPY 2.15.