Foster Electric Company, Limited Revises Earnings Guidance for the Fiscal the Year Ending March 31, 2022
November 28, 2021 at 11:45 pm EST
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Foster Electric Company, Limited revised earnings guidance for the fiscal the year ending March 31, 2022. For the period, the company expected Net sales of JPY 90,000 million compared to Initial forecast of JPY 90,000 million, Operating loss of JPY 3,500 million compared to Initial forecast operating income of JPY 1,000 million, Net loss of JPY 3,500 million compared to Initial forecast net income of JPY 300 million, Net loss per share of JPY 157.28 compared to Initial forecast net income per share of JPY 13.48 per 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 
