Disco Corporation Announces Unaudited Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2019
January 29, 2019
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Disco Corporation announced unaudited consolidated earnings results for the nine months ended December 31, 2018. For the period, the company reported net sales of JPY 114,313 million compared to JPY 126,980 million a year ago. Operating income was JPY 30,920 million compared to JPY 40,179 million a year ago. Ordinary income was JPY 30,965 million compared to JPY 39,719 million a year ago. Profit was JPY 22,620 million compared to JPY 27,433 million a year ago. Net income per share was JPY 628.78 compared to JPY 763.40 a year ago.
For the fiscal year ending March 31, 2019, the company expects net sales of JPY 146,600 million, operating income of JPY 37,400 million, ordinary income of JPY 37,800 million, net income of JPY 27,700 million and net income per share of JPY 771.03.
Disco Corporation specializes in the manufacture and marketing of precision cutting, grinding and polishing machines, mainly for the semiconductor and electronic component industries, as well as for applications linked to generative artificial intelligence. Net sales break down by family of products as follows:
- precision machinery and equipment (64%): chain saws, laser engraving and cutting machines, grinders, polishers, wafer setters, die separators, planers and waterjet saws, etc.;
- precision processing tools and components (22%): cutting blades, dry polishing wheels and disks, diamond abrasive tools, etc.;
- other (14%): related equipment and accessories.
Net sales are distributed geographically as follows: Japan (12.2%), China (35.9%), Taiwan (11.9%), Korea (8.8%), Asia (8.4%), Americas (13.1%) and Europe (9.7%).
Disco Corporation Announces Unaudited Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2019