OPTEX Company, Limited, Q1 2013 Earnings Call, May 09, 2013

OPTEX Company, Limited announced that they will report Q1, 2013 results on May 09, 2013

OPTEX Company, Limited reported consolidated and non consolidated earnings results for the year ended December 31, 2012. For the year, on consolidated basis, the company reported net sales of JPY 20,699 million against JPY 18,502 million a year ago. Operating income was JPY 1,398 million against JPY 1,677 million a year ago. Ordinary income was JPY 1,680 million against JPY 1,830 million a year ago. Net income was JPY 825 million against JPY 1,033 million a year ago. Diluted net income per share was JPY 49.87 against JPY 62.42 a year ago. Return on equity was 4.7% against 6.1% a year ago. Net cash provided by operating activities was JPY 1,640 million against JPY 1,375 million a year ago. Income before income taxes and minority interests was JPY 1,638 million against JPY 1,811 million a year ago. Purchase of property, plant and equipment was JPY 396 million against JPY 448 million a year ago. Purchase of intangible assets was JPY 109 million against JPY 96 million a year ago. For the year, on non consolidated basis, the company reported net sales of JPY 9,424 million against JPY 9,105 million a year ago. Operating income was JPY 688 million against JPY 641 million a year ago. Ordinary income was JPY 1,078 million against JPY 1,089 million a year ago. Net income was JPY 467 million against JPY 809 million a year ago. Net income per share was JPY 28.20 against JPY 48.89 a year ago. Income before income taxes was JPY 828 million against JPY 1,068 million a year ago. For the half year ending June 30, 2013, on consolidated basis, the company expects net sales of JPY 12,200 million, operating income of JPY 740 million, ordinary income of JPY 770 million and net income of JPY 460 million or JPY 27.79 per share. For the year ending December 31, 2013, on consolidated basis, the company expects net sales of JPY 25,000 million, operating income of JPY 2,000 million, ordinary income of JPY 2,100 million and net income of JPY 1,250 million or JPY 45.52 per share. The company declared year end dividend of JPY 15.00 per share for the year ended December 31, 2012 compared to JPY 15.00 per share last year same period. The dividend is payable on March 25, 2013. The company expects to pay dividend of JPY 15.00 per share for the end of second quarter of 2013 compared to JPY 15.00 per share last year same period. The company expects to pay year end dividend of JPY 15.00 per share for the year ending December 31, 2013 compared to JPY 15.00 per share last year same period.