Howa Machinery,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2021
November 05, 2020 at 12:00 am EST
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Howa Machinery,Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2021. For the year, the company expects to report net sales of JPY 18,300 million, operating profit of JPY 10 million, ordinary profit of JPY 70 million, profit attributable to owners of parent of JPY 60 million, and basic earnings per share of JPY 4.84.
Howa Machinery,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of machine tools, pneumatic hydraulic equipment and electronic machines, firearms, building materials and specially equipped vehicles. The Company operates through six business segments. The Machine Tool-related segment is engaged in the production of machining centers, various special-purpose machines, and pneumatic hydraulic equipment. The Firearms segment is engaged in the production of rifles, mortars and hunting rifles. The Domestic Sales Subsidiary segment is engaged in the sale of steel and other products. The Building Materials segment is engaged in the production of aluminum sash doors, steel sash doors, and waterproof boards. The Specially Equipped Vehicle segment is engaged in the production of road cleaning vehicles, industrial cleaning machines, automatic floor cleaning machines. The Real Estate Rental segment is engaged in the leasing of land and buildings.
HOWA MACHINERY, LTD. 
