Alps Electric Co. Ltd., 2013 Earnings Call, Apr 30, 2013

Alps Electric Co. Ltd. announced that they will report fiscal year 2013 results on Apr 30, 2013

Alps Electric Co. Ltd. announced consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales of JPY 136,700 million against JPY 132,000 million a year ago. Operating income was JPY 2,500 million against JPY 4,300 million a year ago. Ordinary income was JPY 3,400 million against JPY 4,300 million a year ago. Net loss was JPY 1,200 million against net income of JPY 300 million a year ago. Capital expenditures were JPY 6,900 million against JPY 7,200 million a year ago. For the nine months, the company reported net sales of JPY 401,100 million against JPY 388,900 million a year ago. Operating income was JPY 5,400 million against JPY 11,700 million a year ago. Ordinary income was JPY 5,100 million against JPY 10,000 million a year ago. Net loss was JPY 3,900 million against net income of JPY 800 million a year ago. The company provided earnings guidance for the fourth quarter of fiscal year 2013. For the quarter, the company expects net sales of JPY 1,398 million, operating income of JPY 2,500 million, ordinary income of JPY 1,300 million, net loss of JPY 4,500 million and capital expenditure of JPY 3,200 million. The company provided earnings guidance for the fiscal year 2013. For the year, the company expects net sales of JPY 5,410 million, operating income of JPY 8,000 million, ordinary income of JPY 6,500 million, net loss of JPY 8,500 million and capital expenditure of JPY 29,400 million.