Foster Electric Company, Limited Reports Consolidated Earnings Results for the Six Months Ended September 2020
October 29, 2020 at 02:00 am EDT
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Foster Electric Company, Limited reported consolidated earnings results for the six months ended September 2020. For the period, the company reported net sales of ¥39,528 million against ¥55,277 million a year ago. Operating loss was ¥688 million against profit of ¥1,594 million a year ago. Loss attributable to owners of parent was ¥829 million or ¥36.55 per basic share against profit attributable to owners of parent of ¥2,090 million or ¥92.48 per basic 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.