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Alpine Posts Profits, Optimistic On FY

2/13/2012 12:00:00 AM Eastern

IWAKI, JAPAN – A funny thing happened on the
way to the end of its fiscal third quarter: Alpine Electronics
reported a profit.

Not only is Alpine like JVC Kenwood and Yamaha
(see story at left), reporting profits for the ninemonth
period ended Dec. 31, 2011, it optimistically
reforecast its results for the entire fiscal year.

Alpine operating income fell 53.4 percent to 4.56
billion yen ($59.6 million), and net income fell 54.8
percent to 2.97 billion yen ($38.8 million). Net sales
were off 1.3 percent to 145.4 billion yen ($1.9 billion),
year on year.

But Alpine is optimistic about the full-year results
based on gains in navigation system sales in Japan
and to European automakers.

For the full fiscal year ending March 31, Alpine is
now forecasting net sales of 200 billion yen ($2.61
billion), up from a previously forecast 190 billion
yen. Net income is forecast at 3 billion yen ($39.2
million), up from a previously forecast 2.5 billion yen
but down 50.2 percent from fiscal 2011’s 6 billion
yen ($78.4 million).
If the forecast bears out, Alpine will have posted
its second consecutive fiscal year in the black.