DMG Mori Co., Ltd. Revises Consolidated Earnings Guidance for the Year Ending December 31, 2020
November 06, 2020 at 12:40 am EST
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DMG Mori Co., Ltd. revised consolidated earnings guidance for the year ending December 31, 2020. For the year, the company now expects sales revenues of JPY 330,000 million compared to previous guidance of JPY 330,000 million to JPY 340,000 million, operating income of JPY 10,000 million to JPY 11,000 million compared to previous guidance of JPY 7,000 million to JPY 10,000 million, income attributable to owners of the parent of JPY 1,500 million to JPY 3,000 million compared to previous guidance of JPY 1,000 million to JPY 3,000 million and basic earnings per share of JPY 1.64 to JPY 13.82 compared to previous guidance of loss JPY 1.63 million to profit JPY 14.64.
DMG MORI CO., LTD. is a Japan-based company mainly engaged in the provision of total solutions that include machine tools, software, measuring instruments, service support, applications and engineering. The Company operates in two segments. The Machine Tool segment is engaged in the manufacture and sale of machine tools such as machining centers, turning centers, compound processing equipment and 5-axis processing equipment. The Industrial Services segment is engaged in the provision of related services for machine tools, the manufacture and sale of measurement equipment, as well as the development and sale of software such as user interfaces, technology cycles and embedded software, and hardware such as image processing products.
DMG MORI CO., LTD. 
