Espec Corp. Revises Consolidated Earnings Guidance for the Six Months Ended September 30, 2022 and for the Fiscal Year Ending March 31, 2023
November 08, 2022 at 09:00 pm EST
Share
Espec Corp. revises consolidated earnings guidance for the six months ended September 30, 2022 and for the fiscal year ending March 31, 2023. For the six months, the company now expects net sales to be JPY 22,900 million, Operating profit to be JPY 1,400 million, Profit attributable to owners of parent to be JPY 980 million or JPY 43.78 per basic share, against previous forecast of net sales of JPY 23,500 million, Operating profit of JPY 1,950 million, Profit attributable to owners of parent of JPY 1,300 million or JPY 58.11 per basic share.
For the full year, the company now expects net sales to be JPY 52,000 million, Operating profit to be JPY 4,000 million, Profit attributable to owners of parent to be JPY 2,900 million or JPY 129.50 per basic share, against previous forecast of net sales of JPY 50,000 million, Operating profit of JPY 5,000 million, Profit attributable to owners of parent of JPY 3,600 million or JPY 160.92 per basic share.
ESPEC CORP. is a Japan-based company mainly engaged in the equipment business, service business and others. The Company operates in three business segments. The Equipment segment is engaged in the provision of environmental testing equipment, providing environmental test equipment for testing the effects of temperature, humidity, and other environmental factors on automobiles, communications, and other electronic components, energy device equipment, providing charge and discharge evaluation systems, and electrode drying device used in battery manufacturing process, as well as semiconductor-related devices. The Service segment is involved in the provision of after services, engineering services and contract testing services; the rental of environmental testing equipment. The Others segment is involved in the environmental protection business and plant growing equipment business.
ESPEC CORP. 
