Fuji Corporation Announces Non-Consolidated Earnings Results for the Six Months Ended April 30, 2019; Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending October 31, 2019
June 04, 2019
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Fuji Corporation announced non-consolidated earnings results for the six months ended April 30, 2019. For the period, the company reported net sales of JPY 21,048 million compared to JPY 19,998 million a year ago. Operating income was JPY 2,695 million compared to JPY 2,186 million a year ago. Profit was JPY 1,881 million compared to JPY 1,500 million a year ago. Basic earnings per share was JPY 184.30 compared to JPY 147.02 a year ago. Diluted earnings per share was JPY 183.99 compared to JPY 146.87 a year ago.
The company provided non-consolidated earnings guidance for the fiscal year ending October 31, 2019. For the year, the company expects net sales of JPY 33,500 million, operating income of JPY 2,835 million, and profit of JPY 2,000 million or JPY 195.91 per basic share.
Fuji Corp is a Japan-based company mainly engaged is mainly engaged in the sale of tires and wheels for car accessories. The Company focuses on the sale of automotive tires and wheels through storefront sales, mail-order sales, and sales through vendors. Sales are divided into three categories: storefront sales, mail-order sales, and sales through vendors. Storefront sales are suburban stores, often located along major roads. Mail-order sales are conducted through the Company's own website on the internet or through online shopping malls and are targeted at both domestic and international customers in Japan. Vendor sales are made directly to fellow retailers of car accessories, car dealers, home centers, gas stations, as well as through wholesalers.
Fuji Corporation Announces Non-Consolidated Earnings Results for the Six Months Ended April 30, 2019; Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending October 31, 2019