Hirose Electric Co.,Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending of September 30, 2019 and Year Ending of March 31, 2020
August 02, 2019 at 03:00 am EDT
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Hirose Electric Co.,Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported sales of JPY 28,235 million compared to JPY 28,473 million a year ago. Operating income was JPY 5,338 million compared to JPY 5,011 million a year ago. Profit was JPY 4,068 million compared to JPY 4,133 million a year ago. Basic earnings per share was JPY 111.56 compared to JPY 113.01 a year ago.
The company provided consolidated earnings guidance for the six months ending of September 30, 2019 and year ending of March 31, 2020. For the six months ending of September 30, 2019, the company expects sales to be of JPY 62,000 million. Operating income expected to be of JPY 11,000 million. Profit for the period attributable to owners of the parent expected to be of JPY 8,000 million. Basic earnings per share to be JPY 219.40.
For the year ending of March 31, 2020, the company expects sales to be of JPY 130,000 million. Operating income expected to be of JPY 25,000 million. Profit for the period attributable to owners of the parent expected to be of JPY 18,500 million. Basic earnings per share to be JPY 507.37.
Hirose Electric Co Ltd is a Japan-based company mainly engaged in manufacture and sale of multi-pole connectors, coaxial connectors, and other electronic components. The Company operates through two business segments. The Multi-Pole Connector segment is engaged in the manufacture and sale of round connectors, square connectors, and connectors for printed wiring boards. The Coaxial Connector segment is engaged in the provision of coaxial connectors and optical connectors. It is also engaged in the manufacture and sale of electronic medical devices and micro switches.
Hirose Electric Co.,Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending of September 30, 2019 and Year Ending of March 31, 2020