Sankyo Co., Ltd. - Shareholder/Analyst Call

Sankyo Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2013. For the year, on consolidated basis, the company reported net income of ¥5,853 million or ¥62.62 per share, recurring income of ¥9,488 million, and operating income of ¥7,023 million on net sales of ¥104,150 million compared to net income of ¥20,182 million or ¥215.85 per share, recurring income of ¥44,396 million, and operating income of ¥40,315 million on net sales of ¥173,682 million a year ago. Cash flows from operating activities were ¥5,067 million compared to ¥13,174 million a year ago. Income before income taxes was ¥9,491 million ¥36,826 million a year ago. Payment for purchase of property, plant and equipment and intangible fixed assets was ¥4,165 million ¥1,969 million a year ago. For the year, on non-consolidated basis, the company reported net income of ¥10,010 million or ¥106.92 per share, recurring income of ¥12,202 million, and operating income of ¥5,561 million on net sales of ¥88,451 million compared to net income of ¥30,276 million or ¥323.18 per share, recurring income of ¥41,196 million, and operating income of ¥29,698 million on net sales of ¥140,082 million a year ago. The company provided earnings guidance for the six months of fiscal year 2013 and full year ending March 31, 2014. For the six months, the company expects net income of ¥20,000 million or ¥213.96 per share, recurring income of ¥26,000 million, operating income of ¥25,000 million on net sales of ¥120,000 million. For the year, the company expects net income of ¥25,000 million or ¥267.46 per share, recurring income of ¥34,000 million, operating income of ¥32,000 million on net sales of ¥200,000 million. The company declared year end dividend of ¥75.00 per share for the year ended March 31, 2013, payable on June 28, 2013. The company forecast dividend of ¥75.00 per share for the six months of fiscal year 2013 and full year ending March 31, 2014.

Sankyo Co., Ltd., 2013 Earnings Call, May 10, 2013