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

Financial Data

 Consolidated Financial Results for the Fiscal Year Ended March 31, 2018

 Business Segment Information

 Forecasts for the Fiscal Year Ending March 31, 2019

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

 Consolidated Financial Results for the Fiscal Year Ended March 31, 2018

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 (Millions of yen)

'17/3

'18/3

Percent change

 Net sales

273,752

301,449

+10.1%

 Operating income/loss

-6,603

4,384

-

 Ordinary income/loss

-7,385

3,908

-

 Net income/loss
 attributable
 to owners of parent

-8,688

2,129

-


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, automobile- and industry-related market is expected to grow with evolutions of car electronics and automation, IoT (Internet of Things) and AI (Artificial Intelligence).

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.

As a result, UKC group recorded consolidated net sales of 301,449 million yen (up 10.1% year on year), consolidated operating profit of 4,384 million yen (loss of 6,603 million yen last year), consolidated ordinary profit of 3,908 million yen (loss of 7,385 million yen last year) and consolidated net profit attributable to owners of parent of 2,129 million yen (loss of 8,688 million yen last year). Consolidated operating loss, consolidated ordinary loss, and consolidated net loss attributable to owners of parent were recorded last year on account of the provision of allowance for doubtful accounts recorded at the subsidiaries in Hong Kong and Singapore.


 [Total Assets, Liabilities and Net assets]

(Millions of yen)

 Current assets

107,791

 Current liabilities

75,413

 Fixed assets

8,596

 Fixed liabilities

1,206

 

 

 Net assets

39,768

 Total assets

116,388

 Total liabilities and
 net assets

116,388

Total assets at the end of the current consolidated fiscal year amounted to 116,388 million yen, down 7,849 million yen from the end of fiscal 2016 mainly attributable to decreases in notes and accounts receivable-trade (down 15,355 million yen), advance payments (down 6,188 million yen) and cash and deposit (down 1,913 million yen), and increases in electronically recorded monetary claims-operating (up 1,188 million yen), inventories (up 1,801 million yen), other current assets (up 610 million yen), investment securities (up 802 million yen) and fixed operating receivable (up 10,440 million yen).

Total liabilities at the end of the current consolidated fiscal year amounted to 76,619 million yen, down 10,463 million yen from the end of fiscal 2016 mainly attributable to decreases in notes and accounts payable-trade (down 13,008 million yen), long-term borrowings (down 2,300 million yen) and income taxes payable (down 613 million yen), and increases in short-term borrowings (up 2,592 million yen), current portion of long-term borrowings (up 974 million yen) and other current liabilities (up 1,637 million yen).

Net assets were 39,768 million yen, up 2,614 million yen from the end of fiscal 2016 mainly attributable to net income attributable to owners of parent of 2,129 million yen, dividends from capital surplus and retained earnings of 941 million yen, and a change in accumulated other comprehensive income of 1,408 million yen mainly due to increases in foreign currency translation adjustments of 780 million yen and valuation difference on available-for-sale securities of 600 million yen.


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 Business Segment Information

 Semiconductors and electronic parts

 (Millions of yen)

'17/3

'18/3

Percent change

 Net sales

255,567

282,420

+10.5%

Net sales grew due to good sales to foreign smartphones. Segment income turned into the black due to a strip of the impact of the provision of allowance for doubtful accounts recorded at the subsidiaries in Hong Kong and Singapore last year in addition to an increase in net sales.

As a result, net sales grew to 282,420 million yen (up 10.5% year on year) and segment profit was
3,954 million yen (loss of 6,880 million yen last year).


 Electronic equipment

 (Millions of yen)

'17/3

'18/3

Percent change

 Net sales

16,988

18,091

+6.5%

Net sales grew due to an increase in demands of 4K and surveillance cameras. Segment income grew significantly due to an increase in net sales and profitability.

As a result, net sales grew to 18,091 million yen (up 6.5% year on year) and segment income grew to 401 million yen (up 60.2% year on year).


 System equipment

 (Millions of yen)

'17/3

'18/3

Percent change

 Net sales

2,891

2,809

-2.8%

Net sales of contactless IC card business slightly dropped with a recent slowdown in demand although e-money applications continues to expand in the contactless IC card business. Net sales of the contracted reliability test and environmental material analysis service business slightly dropped on account of the heavy rain in Kyushu although automobile-related inquiries are active.

As a result, net sales dropped to 2,809 million yen (down 2.8% year on year) and segment income dropped to 201 million yen (down 1.9% year on year).


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 Forecasts for the Fiscal Year Ending March 31, 2019

 (Millions of yen)

'18/3
full-year

'19/3
fullyear
('18/5/11 forecast)

Percent change

 Net sales

301,449

220,000

-27.0%

 Operating income

4,384

4,500

+2.6%

 Ordinary income

3,908

4,000

+2.3%

 Net income attributable
  to owners of parent

2,129

2,800

+31.5%

Although Japan's economy is expected to continuously be on a gradual recovery path, uncertainties lie ahead with concerns of foreign economies and a rise in protectionism. Under these circumstances, UKC group, with sales of semiconductors and electronic components manufactured by Sony as its core business, strives to promote a selection and concentration strategy and a shift to solution-oriented business.

In consideration of the above, UKC forecasts consolidated net sales of 220,000 million yen, consolidated operating income of 4,500 million yen, consolidated ordinary income of 4,000 million yen and consolidated net income attributable to owners of parent of 2,800 million yen.

 Forecasts for the Six Months Ending Sep. 30, 2018 ('18/9/14 forecast)

 (Millions of yen)

'17/9
2Q

'18/9
2Q
('18/5/11 forecast)

'18/9
2Q
('18/9/14 forecast)

Percent change

 Net sales

162,532

110,000

105,500

-4.1%

 Operating income

2,659

1,900

2,100

+10.5%

 Ordinary income

2,520

1,650

2,300

+39.4%

 Net income attributable
  to owners of parent

1,431

1,200

1,800

+50.0%

[Reasons for the revision]
Consolidated net sales for the six months ending September 30, 2018 has been almost in line with the previous forecast, although some overseas business weakens. On the income side, operating income is expected to increase due to a steadier-than-expected progress of collection (reversal) of allowance for doubtful receivables.
Ordinary profit and net income attributable to the parent company are expected to substantially exceed the previous forecasts due to a stable weaker yen than expected and a lower tax burden rate attributable to a decrease in tax burden at some overseas subsidiaries.
As for the consolidated financial forecast for the full fiscal year, as there are many uncertain factors, the forecast figures of the previous announcement are left unchanged. The Company will announce promptly in case there is a need for revision according to the trend of future business performance.

 Dividend Forecast for Fiscal Year Ending March 31, 2019

75 yen per share (end of second quarter 37.50 yen, year-end 37.50 yen)

 Dividend Forecast for the Six Months Ending Sep. 30, 2018 ('18/9/14 forecast)
Since a progress of collection (reversal) of allowance for doubtful receivables has been steadier than previously expected as is stated in 1. Revision of the forecast of consolidated financial results, the internal reserve is expected to exceed the original assumption. Thus the Company has decided to revise the dividend forecast at the end of the second quarter to 62.50 yen by adding a special dividend of 25.00 yen to the ordinary dividend of 37.50 yen per share as previously forecasted, taking into consideration the Company’s dividend policy.


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

'14/3

'15/3

'16/3

'17/3

'18/3

 Net sales
 
(Millions of yen)

301,428

253,811

276,709

273,752

301,449

 Operating income/loss
 
(Millions of yen)

6,925

3,817

-2,897

-6,603

4,384

 Ordinary income/loss
 
(Millions of yen)

7,237

4,472

-3,937

-7,385

3,908

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

4,398

2,276

-6,227

-8,688

2,129

 Operating income margin
(%)

2.3%

1.5%

-1.0%

-2.4%

1.5%

 Ordinary income margin
(%)

2.4%

1.8%

-1.4%

-2.7%

1.3%

 Earnings per share -
 EPS(Yen)
(円)

280.21

145.04

-396.71

-553.49

135.64

 Book value per share -
 BPS
(Yen)

3,186.08

3,442.39

2,973.11

2,340.69

2,506.08

 Return on equity -
 ROE
(%)

9.3%

4.4%

-12.4%

-20.8%

5.6%

 Return on total assets -
 ROA
(%)

6.2%

3.6%

-3.2%

-6.2%

3.2%

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