Howa Machinery, Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2021
May 11, 2021 at 01:00 am EDT
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Howa Machinery, Ltd. reports consolidated and non-consolidated earnings results for the full year ended March 31, 2021. For the year, on consolidated basis, Net sales were JPY 18,765 million against JPY 20,321 million reported a year ago. Operating profit were JPY 554 million against JPY 776 million reported a year ago. Profit attributable to owners of parent were JPY 968 million against JPY 591 million reported a year ago. Basic earnings per share was JPY 78.18 against JPY 47.75 reported a year ago.
For the year, on non-consolidated basis, Net sales were JPY 16,126 million against JPY 17,229 million reported a year ago. Operating profit were JPY 459 million against JPY 708 million reported a year ago. Profit were JPY 878 million against JPY 551 million reported a year ago. Basic earnings per share was JPY 70.88 against JPY 44.57 reported 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. 
