Hirose Electric Co.,Ltd. Reports Consolidated Earnings Results for the Year End on March 31, 2019; Provides Earnings Guidance for the Six Months Ending of September 30, 2019 and Year Ending of March 31, 2020
May 08, 2019 at 03:00 am EDT
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Hirose Electric Co.,Ltd. reported consolidated earnings results for the year end on March 31, 2019. For the year, the company reported sales of JPY 124,590 million compared to JPY 125,143 million a year ago. Operating income was JPY 23,157 million compared to JPY 28,064 million a year ago. Profit was JPY 17,891 million compared to JPY 19,107 million a year ago. Basic earnings per share was JPY 489.46 compared to JPY 548.80 a year ago. Diluted earnings per share was JPY 489.45 compared to JPY 548.54 a year ago.
The company provided 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 Year End on March 31, 2019; Provides Earnings Guidance for the Six Months Ending of September 30, 2019 and Year Ending of March 31, 2020