Imasen Electric Industrial Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Six Months Ending September 30, 2019 and Full Year Ending March 31, 2020
August 07, 2019
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Imasen Electric Industrial Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 27,657 million compared to JPY 30,652 million a year ago. Operating profit was JPY 641 million compared to JPY 1,073 million a year ago. Profit was JPY 293 million compared to JPY 661 million a year ago. Earnings per share of JPY 13.30 compared to JPY 30.71 a year ago.
For the six months ending September 30, 2019, the company expects net sales at JPY 54,000 million, operating profit at JPY 1,600 million and profit attributable to owners of parent at JPY 1,000 million and earnings per share at JPY 48.09.
For the year ending March 31, 2020, the company expects net sales at JPY 112,000 million, operating profit at JPY 4,600 million and profit attributable to owners of parent at JPY 3,200 million and earnings per share at JPY 153.89.
Imasen Electric Industrial Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of mechanical products and electric products for automobiles, wire harnesses and assistive products. The Company operates through three business segments. The Auto Part Related segment is mainly engaged in the manufacture and sale of seat adjusters, window regulators and other automobile mechanical products, as well as lamps, electronic units, horns and other automobile electric products. The Wire Harness segment is mainly engaged in the manufacture and sale of wire harnesses for aircrafts and equipment. The Assistive Product segment is mainly engaged in the manufacture and sale of electric wheelchairs, artificial hands, artificial legs and non-powered walking support equipment. The Company is also engaged in the provision of welfare services for employees.
Imasen Electric Industrial Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Six Months Ending September 30, 2019 and Full Year Ending March 31, 2020