EREX Co.,Ltd. Announces Consolidated Financial Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020
May 13, 2019 at 10:44 am EDT
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eREX Co. Ltd. announced consolidated financial results for the year ended March 31, 2019. For the period, the company reported net sales of JPY 65,827 million compared to JPY 46,948 million a year ago. Operating profit was JPY 4,702 million compared to JPY 4,813 million a year ago. Ordinary profit was JPY 4,298 million compared to JPY 4,540 million a year ago. Profit attributable to owners of parent was JPY 2,764 million compared to JPY 3,038 million a year ago. Diluted earnings per share were JPY 54.26 compared to JPY 59.69 a year ago. Net income per share was JPY 54.64 compared to JPY 60.32 a year ago.
For the year ending March 31, 2020, the company expects net sales of JPY 95,042 million, operating profit of JPY 7,720 million, ordinary profit of JPY 7,189 million and profit attributable to owners of parent of JPY 3,863 million or JPY 76.34 per share.
eREX Co.,Ltd. is a Japan-based power producer and supplier (PPS), engaged in the electric power distribution via power grid owned by general electric utilities. The Companyâs electric power businesses include electric power retail, electric market trading and power supplies development. In its electric power retail business, it involves in the retail of electric power in an inexpensive price than electric utilities. In its power supplies development business, it involves in the planning, design and construction of power-generating equipment.
EREX Co.,Ltd. Announces Consolidated Financial Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020