roland corp (7944) Snapshot

Roland Corp. reported consolidated and non-consolidated earnings results for the year ended March 31, 2013. For the period on consolidated basis, the company reported net sales of JPY 72,310 million against JPY 74,825 million a year ago. Operating loss was JPY 451 million against operating income of JPY 872 million a year ago. Ordinary loss was JPY 754 million against ordinary income of JPY 136 million a year ago. Net loss was JPY 4,066 million or JPY 170.95 loss per share against JPY 1,930 million or JPY 81.16 loss per share a year ago. Loss on equity was 9.5% against 4.2% a year ago. Net cash provided by operating activities was JPY 1,020 million against net cash used in operating activities of JPY 330 million a year ago. For the first half, the company expects net sales of JPY 39,200 million, operating income of JPY 1,400 million, ordinary income of JPY 1,300 million, and net loss of JPY 200 million or JPY 8.41 loss per share. For the year ending March 31, 2014, the company expects net sales of JPY 81,200 million, operating income of JPY 3,500 million, ordinary income of JPY 3,100 million. For the year ended March 31, 2013, the company declared a dividend of JPY 5.00 per share against JPY 10.00 per share a year ago. This dividend is payable on June 24, 2013. For the year ending March 31, 2014, the company expects dividend of JPY 7.50 per share. For the period on non-consolidated basis, the company reported net sales of JPY 27,754 million against JPY 27,831 million a year ago. Operating loss was JPY 1,045 million against JPY 1,315 million a year ago. Ordinary loss was JPY 405 million against JPY 999 million a year ago. Net loss was JPY 2,863 million or JPY 120.38 loss per share against JPY 4,283 million or JPY 180.05 loss per share a year ago.

Roland Corp. announced that they will report fiscal year 2013 results on May 08, 2013

JUN-ICHI MIKI, a veteran engineer, has been named president of Roland Corporation, succeeding Hidekazu Tanaka, who has held the top post for the past eight years. Miki joined Roland Corporation in 1977 working in the production department of the tape echo and the rhythm machine facility in Osaka. In 1994 Miki was appointed to the Roland Corporation Board of Directors, where he led numerous technical and product-development teams, including those responsible for overseas production facilities.