Alps Alpine Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Six Months Ending September 30, 2019 and Year Ending March 31, 2020
July 30, 2019 at 06:07 am EDT
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Alps Alpine Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the three months, the company reported net sales of ¥205,718 million against ¥202,219 million a year ago. Operating income was ¥5,877 million against ¥9,621 million a year ago. Net loss was ¥648 million against net income of ¥5,455 million a year ago. Basic loss per share was ¥5.39 against basic earnings per share of ¥19.65 a year ago.
For the six months ending September 30, 2019, the company expects consolidated net sales of ¥438,000 million, operating income of ¥23,500 million, net income attributable to owners of parent of ¥15,000 million or ¥73.36 per basic share.
For the year ending March 31, 2020, the company expects consolidated net sales of ¥868,500 million, operating income of ¥50,000 million, net income attributable to owners of parent of ¥31,500 million or ¥154.63 per basic share.
Alps Alpine Co., Ltd. specializes in the production and marketing of electromechanical components. Net sales break down by family of products and services as follows:
- electronic components (52.4%): mobile phones, household items and industrial equipment components (switches, connectors, encoders, captors, etc.);
- audio and communication equipment for automotive (37.8%);
- logistics services (8.2%);
- other (1.6%).
Net sales are distributed geographically as follows: Japan (19%), China (19.2%), Americas (16.5%), Germany (10.7%), and other (34.6%).
Alps Alpine Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Six Months Ending September 30, 2019 and Year Ending March 31, 2020
ALPS ALPINE CO., LTD 
