Foster Electric Company, Limited Announces Consolidated Earnings Results for the Third Quarter Ended December 2018; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2019; Provides Dividend Guidance for the Full Year Ending March 31, 2019
January 30, 2019 at 01:30 am EST
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Foster Electric Company, Limited announced consolidated earnings results for the third quarter ended December 2018. For the quarter, the company reported net sales were JPY 108,652 million against JPY 138,946 million a year ago. Operating income was JPY 3,620 million against JPY 8,662 million a year ago. Loss attributable to owners of parent was JPY 2,020 million or JPY 81.04 per basic share against profit attributable to owners of parent of JPY 6,033 million or JPY 234.51 per basic share a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2019. For the full year, the company expects net sales to be JPY 140,000 million, operating profit to be JPY 4,000 million, loss attributable to owners of parent to be JPY 2,200 million and basic loss per share to be JPY 90.33.
The company provided dividend guidance for the full year ending March 31, 2019. For the year, the company expects dividend of JPY 10 per share against JPY 35 per share paid a year ago.
Foster Electric Company, Limited is a Japan-based company principally engaged in the manufacture and sale of speakers, audio equipment and electronic equipment. The Company operates in three business segments. Speaker segment is involved in the manufacture and sale of audios, televisions as well as in-vehicle speakers and speaker systems. Mobile Audio segment is involved in the manufacture and sale of headphones, headsets, small speakers and professional microphones. Others segment is involved in the manufacture and sale of buzzer and sounder products for alarm sounds, FOSTEX brand products, as well as the provision of logistics services.
Foster Electric Company, Limited Announces Consolidated Earnings Results for the Third Quarter Ended December 2018; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2019; Provides Dividend Guidance for the Full Year Ending March 31, 2019
FOSTER ELECTRIC COMPANY, LIMITED 
