Foster Electric Company, Limited Announces Dividend for the Second Quarter Ended September 2018, Payable on December 6, 2018; Provides Dividend Guidance for the Year Ending March 31, 2019; Reports Consolidated Earnings Results for Six Months Ended September 2018; Provides Earnings Outlook for the Year Ending March 31, 2019
October 30, 2018 at 02:00 am EDT
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Foster Electric Company, Limited announced a dividend of JPY 10 per share for the second quarter ended September 2018 compared to JPY 20 per share a year ago. Dividend payable date (as planned) is December 6, 2018.
The company provided dividend guidance for the year ending March 31, 2019. The company expects year-end dividend of JPY 10 per share compared to JPY 35 per share a year ago.
The company reported consolidated earnings results for six months ended September 2018. For the period, the company's net sales were JPY 68,758 million compared to JPY 80,286 million a year ago. Operating profit was JPY 1,938 million compared to JPY 4,015 million a year ago. Loss attributable to owners of parent was JPY 1,776 million compared to profit of JPY 2,559 million a year ago. Basic loss per share was JPY 69.21 compared to profit of JPY 99.46 a year ago.
For the year ending March 31, 2019, the company expects net sales to be JPY 140,000 million, operating profit to be JPY 3,000 million and loss attributable to owners of parent to be JPY 2,500 million or JPY 97.16 per basic share.
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 Dividend for the Second Quarter Ended September 2018, Payable on December 6, 2018; Provides Dividend Guidance for the Year Ending March 31, 2019; Reports Consolidated Earnings Results for Six Months Ended September 2018; Provides Earnings Outlook for the Year Ending March 31, 2019
FOSTER ELECTRIC COMPANY, LIMITED 
