Foster Electric Company, Limited Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2019
August 03, 2018 at 02:30 am EDT
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Foster Electric Company, Limited reported consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported net sales of JPY 36,512 million, operating income of JPY 947 million, ordinary income of JPY 1,101 million and loss attributable to owners of parent of JPY 2,464 million or JPY 95.78 per basic share as compared net sales of JPY 37,800 million, operating income of JPY 1,468 million, ordinary income of JPY 1,656 million and profit attributable to owners of parent of JPY 770 million or JPY 29.95 per basic share for the same period a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2019. For the year, the company expects net sales of JPY 140,000 million, operating income of JPY 3,000 million, ordinary income of JPY 2,500 million and loss attributable to owners of parent of 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 Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2019
FOSTER ELECTRIC COMPANY, LIMITED 
