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HOME - IR Information - Financial Data -Consolidated Operating Results-

Financial Data

 Consolidated Financial Results for the Fiscal Year Ended March 31, 2017

 Business Segment Information

 Forecasts for the Fiscal Year Ending March 31, 2018

 Key financial indicators of UKC Holdings (for the last five years)

 Consolidated Financial Results for the Fiscal Year Ended March 31, 2017

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 (Millions of yen)

'16/3

'17/3

Percent change

 Net sales

276,709

273,752

-1.1%

 Operating income/loss

-2,897

-6,603

-

 Ordinary income/loss

-3,937

-7,385

-

 Net income/loss
 attributable
 to owners of parent

-6,227

-8,688

-


The electronics industry to which UKC group belongs still depends on smartphones for its growth although the market growth rate of smartphone is slowing. On the other hand, growth of new markets is expected with evolutions of car electronics and automation, and IoT (Internet of Things).

Under these circumstances, UKC group, with sales of semiconductors and electronic components manufactured by Sony as its core business, continuously focused on expanding high value-added businesses such as EMS (Electronic Manufacturing Service), extending product lines, and creating new businesses.

Net sales dropped due to negative impacts of the strong yen and the Kumamoto Earthquake. Incomes dropped due to the impact of allowance for doubtful accounts recorded at UKC ELECTRONICS (H. K.) CO., LTD. (hereinafter referred to as gUKCHKh) and UKC SINGAPORE (S) PTE, LTD. (hereinafter referred to as gUKCSPh).

As a result, UKC group recorded consolidated net sales of 273,752 million yen (down 1.1% year on year), consolidated operating loss of 6,603 million yen (loss of 2,897 million yen last year), consolidated ordinary loss of 7,385 million yen (loss of 3,937 million yen last year) and consolidated net loss attributable to owners of parent of 8,688 million yen (loss of 6,227 million yen last year).


 [Total Assets, Liabilities and Net assets]

(Millions of yen)

 Current assets

116,426

 Current liabilities

83,823

 Fixed assets

7,811

 Fixed liabilities

3,260

@

@

 Net assets

37,154

 Total assets

124,237

 Total liabilities and
 net assets

124,237

Total assets at the end of the current consolidated fiscal year amounted to 124,237 million yen, up 8,479 million yen from the end of fiscal 2015 mainly attributable to increases in notes and accounts receivable-trade (up 3,874 million yen), electronically recorded monetary claims-operating (up 233 million yen), inventories (up 1,715 million yen), advance payments (up 4,946 million yen), allowance for doubtful accounts (up 1,312 million yen), investment securities (up 133 million yen), and other current assets (up 512 million yen), and a decrease in cash and deposit (down 2,629 million yen).

Total liabilities at the end of the current consolidated fiscal year amounted to 87,083 million yen, up 18,403 million yen from the end of fiscal 2015 mainly attributable to increases in notes and accounts payable-trade (up 10,617 million yen), short-term borrowings (up 10,404 million yen), income taxes payable (up 43 million yen), and other current liabilities (up 205 million yen), and decreases in current portion of long-term borrowings (down 1,499 million yen) and long-term borrowings (down 1,335 million yen).

Net assets were 37,154 million yen, down 9,924 million yen from the end of fiscal 2015 mainly attributable to net loss attributable to owners of parent of 8,688 million yen, dividends from retained earnings of 863 million yen, and a change in accumulated other comprehensive income of 358 million yen mainly due to an increase in valuation difference on available-for-sale securities of 177 million yen and a decrease in foreign currency translation adjustments of 553 million yen.


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 Business Segment Information

@Semiconductors and electronic parts

 (Millions of yen)

'16/3

'17/3

Percent change

 Net sales

258,412

255,567

-1.1%

Although sales for foreign smartphones went well in the second half, net sales dropped due to a sales opportunity loss caused by the Kumamoto Earthquake in April in addition to a negative impact of the strong yen from the first half through early November. Segment income also dropped due to the impact of allowance for doubtful accounts recorded at UKCHK and UKCSP.

As a result, net sales dropped to 255,567 million yen (down 1.1% year on year) and segment loss was 6,880 million yen (loss of 3,009 million yen last year).


@Electronic equipment

 (Millions of yen)

'16/3

'17/3

Percent change

 Net sales

17,211

16,988

-1.3%

Although the business performance in the fourth quarter improved year on year, full year sales slightly dropped Segment income grew with the improved margin.

As a result, net sales dropped to 16,988 million yen (down 1.3% year on year) and segment income grew to 250 million yen (up 39.2% year on year).


@System equipment

 (Millions of yen)

'16/3

'17/3

Percent change

 Net sales

2,882

2,891

+0.3%

Net sales of contactless IC card business slightly dropped although e-money and access control related business has been still active. On the other hand, net sales of contracted reliability test and environmental material analysis service grew thanks to an increase in orders related to automobiles. Segment income grew with the improved margin.

As a result, net sales grew to 2,891 million yen (up 0.3% year on year) and segment income grew to 204 million yen (up 48.6% year on year).


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 Forecasts for the Fiscal Year Ending March 31, 2018

 (Millions of yen)

'17/3
full-year

'18/3
fullyear
('17/7/31 forecast)

Percent change

 Net sales

273,752

300,000

+9.6

 Operating
 income/loss

-6,603

5,500

-

 Ordinary
  income/loss

-7,385

5,100

-

 Net income/loss
 attributable
  to owners of
  parent

-8,688

3,400

-

Although Japan's economy is expected to continuously be on a gradual recovery path thanks to improvements in corporate earnings, employment and personal income, Uncertainties lie ahead with concerns of policies in the U.S., economic slowdowns in Asian emerging nations including China, a rise in protectionism and geographical risks.

Although the electronics industry allows no optimism with the slowing smartphone market, new market opportunities are being established with evolutions of car electronics and automation, and IoT.

Under these circumstances, UKC group, with sales of semiconductors and electronic components manufactured by Sony as its core business, strives to proactively develop and market new products, and promote a shift to solution-oriented business. In consideration of the above, UKC forecasts consolidated net sales of 300,000 million yen, consolidated operating income of 5,500 million yen, consolidated ordinary income of 5,100 million yen and consolidated net income attributable to owners of parent of 3,400 million yen.

 Forecasts for the Six Months Ending Sep. 30, 2017

 (Millions of yen)

'16/9
2Q

'17/9
2Q
('17/7/31 forecast)

Percent change

 Net sales

131,912

156,000

+18.3%

 Operating
 income/loss

-329

2,500

-

 Ordinary
  income/loss

-907

2,400

-

 Net income/loss
 attributable
  to owners of
  parent

-1,117

1,600

-

 Dividend Forecast for Fiscal Year Ending March 31, 2018

60 yen per share (end of second quarter 30 yen, year-end 30 yen)


Notes:
Forecasts regarding future performance in this report are based on judgments made in accordance with information available at the time this report was prepared. Forecasts therefore embody risks and uncertainties. Actual results may differ significantly from these forecasts for a number of factors.


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@Key financial indicators of UKC Holdings (for the last five years)

@UKC Holdings Corporation

graphTable.

Net Sales

Operating income/loss

Net Sales Operating income

Ordinary income/loss

Net income/loss attributable to owners of parent

Ordinary income Net income
 

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@UKC Holdings Corporation

GraphTable

'13/3

'14/3

'15/3

'16/3

'17/3

 Net sales
 
(Millions of yen)

278,160

301,428

253,811

276,709

273,752

 Operating income/loss
 
(Millions of yen)

7,360

6,925

3,817

-2,897

-6,603

 Ordinary income/loss
 
(Millions of yen)

8,162

7,237

4,472

-3,937

-7,385

 Net income/loss
 attributable to
 owners of parent
 
(Millions of yen)

5,025

4,398

2,276

-6,227

-8,688

 Operating income margin
(%)

2.6%

2.3%

1.5%

-1.0%

-2.4%

 Ordinary income margin
(%)

2.9

2.4

1.8%

-1.4%

-2.7%

 Earnings per share -
 EPS
(Yen)

320.14

280.21

145.04

-396.71

-553.49

 Book value per share -
 BPS
(Yen)

2869.23

3186.08

3,442.39

2973.11

2340.69

 Return on equity -
 ROE
(%)

11.9

9.3

4.4%

-12.4%

-20.8%

 Return on total assets -
 ROA
(%)

7.5

6.2

3.6%

-3.2%

-6.2%

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