Foster Electric Company, Limited Announces Consolidated and Nonconsolidated Earnings Results for the Year Ended March 31, 2020
May 18, 2020 at 02:00 am EDT
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Foster Electric Company, Limited announced earnings results for the year ended March 31, 2020. For the period, the company reported consolidated net sales of JPY 107,298 million compared to JPY 140,303 million a year ago. The consolidated operating profit was JPY 2,064 million compared to JPY 3,937 million a year ago. The consolidated profit attributable to owners of parent was JPY 1,565 million compared to loss of JPY 2,026 million a year ago. Consolidated basic earnings per share was JPY 69.15 compared to basic loss of JPY 83.21 per share a year ago.
For the period, the company reported nonconsolidated net sales of JPY 59,284 million compared to JPY 90,345 million a year ago. The nonconsolidated operating loss was JPY 2,921 million compared to JPY 3,850 million a year ago. The nonconsolidated profit was JPY 338 million compared to JPY 772 million a year ago. Nonconsolidated basic earnings per share was JPY 14.95 compared to JPY 31.72 per share 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 
