Howa Machinery,Ltd. Reports Consolidated Earnings Results for the Third Quarter Ended December 31, 2020
February 04, 2021 at 01:00 am EST
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Howa Machinery,Ltd. reported consolidated earnings results for the third quarter ended December 31, 2020. For the quarter, the company's net sales were JPY 13,156 million against JPY 14,112 million a year ago. Operating profit was JPY 399 million against 518 million a year ago. Profit attributable to owners of parent was JPY 571 million against 386 million a year ago. Basic earnings per share was JPY 46.12 against JPY 31.18 a year ago.
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. 
