Toyo Suisan Kaisha, Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Half Year Ending September 30, 2019 and Year Ending March 31, 2020; Provides Dividend Guidance for the Second Quarter Ending September 30, 2019 and Year Ending March 31, 2020
July 30, 2019 at 11:30 pm EDT
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Toyo Suisan Kaisha, Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the period, the company has posted net sales of ¥97,758 million against ¥96,749 million a year ago. Operating profit was ¥5,824 million against ¥6,485 million a year ago. Profit attributable to owners to parent was ¥4,761 million against ¥5,107 million a year ago. Basic per share was ¥46.63 against ¥50.01 a year ago.
For the half year ending September 30, 2019, the company expects net sales of ¥204,000 million, operating profit of ¥12,000 million, profit attributable to owners to parent of ¥9,500 million or basic per share was ¥93.02.
For the year ending March 31, 2020, the company expects net sales of ¥420,000 million, operating profit of ¥27,000 million, profit attributable to owners to parent of ¥21,000 million or basic per share was ¥205.62.
For the second quarter of fiscal 2020, the company expects dividend of ¥40.00 per share against ¥30.00 per share paid a year ago.
For the year ending March 31, 2020, the company expects dividend of ¥80.00 per share against ¥70.00 per share paid a year ago.
Toyo Suisan Kaisha Ltd is a Japan-based food manufacturing company. The Company operates through six business segments. The Seafood segment is engaged in the purchase, processing and sale of seafoods in domestic and overseas markets. The Overseas Instant Noodles segment provides cup and bag noodles mainly in the United States and Mexico. The Domestic Instant Noodles segment provides cup and bag noodles in Japan. The Low Temperature Food segment manufactures and sells steamed and roasted buckwheat noodles, raw ramen, boiled noodles, frozen noodles and commercial cocking products. The Processed Food segment is engaged in the manufacture and sale of processed foods such as aseptic packaged rice, retort rice, soup, dashi-no-moto, bonito flakes, and paste products in Japan. The Frozen and Cold Storage segment is engaged in the provision of storage and freezing services. The Company also involves in the bag lunch, prepared food businesses.
Toyo Suisan Kaisha, Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Half Year Ending September 30, 2019 and Year Ending March 31, 2020; Provides Dividend Guidance for the Second Quarter Ending September 30, 2019 and Year Ending March 31, 2020
TOYO SUISAN KAISHA, LTD. 
