Imasen Electric Industrial Co., Ltd. Announces Consolidated Earnings Results for the Second Quarter Ended September 30, 2018; Provides Earnings Guidance for 2018
November 07, 2018
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Imasen Electric Industrial Co., Ltd. announced consolidated earnings results for the second quarter ended September 30, 2018. For the quarter, the company reported net sales of JPY 59,744 million compared to JPY 56,401 million a year ago. Operating profit was JPY 1,701 million compared to JPY 1,121 million a year ago. Profit before income taxes were JPY 1,694 million compared to JPY 1,115 million a year ago. Profit was JPY 1,163 million compared to JPY 808 million a year ago. Profit attributable to owners of parent was JPY 1,122 million compared to JPY 765 million a year ago. Net cash provided by operating activities was JPY 4,066 million compared to JPY 4,020 million a year ago. Purchase of property, plant and equipment was JPY 1,414 million compared to JPY 856 million a year ago.
For the year, the company expects net sales at JPY 118,000 million. Operating profit at JPY 4,200 million. Ordinary profit at JPY 3,900 million. Profit attributable to owners of parent at JPY 2,700 million. Earnings per share at JPY 129.85.
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 Second Quarter Ended September 30, 2018; Provides Earnings Guidance for 2018