Overview of Sales and Profits

Historial Business Results(Consolidated)

Net Sales

Net Sales

Operating Income

Operating Income

Profit attributable to owners of parent

Net Income
   
  2013.3 Period
(Results)
2014.3 Period
(Results)
2015.3 16Period
(Results)
2016.3 Period
(Results)
2017.3 Period
(Plan)
billion yen year on year change (%) billion yen year on year change (%) billion yen year on year change (%) billion yen year on year change (%) billion yen year on year change (%)
Net Sales 222.3 (9.6) 285.8 (28.6) 294.5 (3.0) 273.0 (△7.3) 236.5 (△13.4)
Operating Income 2.3 (△59.2) 9.8 (325.8) 11.5 (1.74) 5.4 (△52.8) 2.3 (△57.7)
Ordinary Income 4.2 (△34.2) 11.7 (174.1) 15.0 (2.75) 6.1 (△58.9) 0.8 (△87.0)
Profit attributable to owners of parent 1.7 (△61.8) 9.2 (428.1) 12.7 (3.77) 10.6 (△15.8) △2.5 (-)
Return on Assets
(ROA)
1.0 5.1 6.35.1△1.3
Dividend per Share
(Interim dividends)
¥20
(¥10)
¥25 
(¥10)
¥30 
(¥10)
¥30 
(¥15)
undecided
(¥15)
Exchange rate $1=¥83
€1=¥107
$1=¥100
€1=¥134
$1=¥110
€1=¥139
$1=¥120
€1=¥133
$1=¥103
€1=¥114

Basic policies on profits distribution and dividends

In the global economy during the first six months ended September 30, 2016, US domestic demand was firm,and in Europe, economic activity continued to recover in spite of its patchy appearance from country to country. However, concerns intensified about a possible economic downturn in emerging countries, such as China, as well as resource producing countries, due to slowing of growth in those countries. In the Japanese economy,there were signs of a moderate recovery; however a mood of uncertainty surrounded the future outlook due to increased uncertainty in overseas economies, such as fluctuations in exchange rates, caused by the issues arising from the U.K.’s leaving from the EU and speculation concerning U.S. monetary policy, as well as risks in European financial and capital markets.
In the car electronics industry, collaboration between the in-car IT field which centers on infotainment systems, and new fields such as the use of electronics in cars, vehicle automation, artificial intelligence (AI), etc. is expanding and it leads competition to be intensified regardless of business area or type.
Under these circumstances, the Alpine Group (the “Group”) regards this fiscal year as a year to implement reforms in order to build the foundation for the growth described in VISION2020, its corporate vision targeting the 2020 fiscal year. To this end, it is working to enhance its corporate standing through means such as organizational reform of the R&D division, improving efficiency of R&D investment, and promoting to lower cost prices.
Furthermore, on the growth front, Alpine Electronics, Inc. (the “Company”) exhibited at motor shows in China, which is the world’s largest automobile market where it presented its solutions tailored to specific vehicle models, revolving around navigation systems and premium sound systems. In addition, the Company will aim at expansion of sales by rolling out high value added new models, in the domestic and overseas aftermarket.
Moreover, the Company has commenced development of next-generation in-car systems in collaboration with IBM Japan, Ltd., in preparation for self-driving cars becoming common place. Furthermore, the Company has worked to strengthen its business platforms, such as by entering a strategic alliance with TOSHIBA CORPORATION, in order to create new businesses that utilize compact unmanned aerial vehicles, drones, and apply the position control technology fostered through the development of car navigation systems. Nevertheless net sales declined due to worsening of external conditions, such as abrupt short-term fluctuations in exchange rates; also, there was deterioration in the product model mix. As a result, there was a year on year decrease in sales and profit.
As a result, during the first six months ended September 30, 2016, consolidated net sales decreased 13.5% compared with the corresponding period of the previous fiscal year, to ¥120.8 billion. Operating income decreased 63.6% to ¥1.2 billion, ordinary loss amounted to ¥0.1 billion and loss attributable to owners of parent amounted to ¥2.1 billion.
For consolidated earnings forecasts, please refer to the news release “Notice of Differences between Earnings Forecasts and Actual Financial Results for First Six Months of Fiscal Year Ending March 31, 2017, and Revisions to Full-Year Earnings Forecasts and Dividend Forecasts” announced today (October 28, 2016).
The exchange rates assumed during and after the third quarter ending December 31, 2016 are US$1 = ¥100 and €1 = ¥110.
<Consolidated full-year earnings forecasts for the fiscal year ending March 31, 2017>
Net sales ¥236.5 billion (down 13.4% year on year),Operating income ¥2.3 billion (down 57.7% year on year),Ordinary income ¥0.8 billion (down 87.0% year on year),Loss attributable to owners of parent ¥2.5 billion (–)

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