Iseki & Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended September 30, 2019; Revises Earnings Guidance for the Year Ending December 31, 2019; Provides Dividend Guidance for the Year Ending December 31, 2019
November 12, 2019
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Iseki & Co., Ltd. announced consolidated earnings results for the nine months ended September 30, 2019. For the period, the company's net sales were JPY 120,975 million compared to JPY 119,186 million a year ago. Operating income was JPY 4,525 million compared to JPY 3,591 million a year ago. Net income was JPY 2,171 million compared to JPY 2,256 million a year ago. Basic earnings per share was JPY 94.42 compared to JPY 98.26 a year ago. Diluted earnings per share was JPY 94.28 compared to JPY 98.11 a year ago.
For the year ending December 31, 2019, the company now expects consolidated sales of 155,500 million, operating income of JPY 4,000, net income attributed to owners of the parent of JPY 1,600 million and basic earnings per share of JPY 70.83 against sales of 164,000 million, operating income of JPY 4,000, net income attributed to owners of the parent of JPY 1,600 million and basic earnings per share of JPY 70.83 previously expected.
For the year ending December 31, 2019, the company plans to pay dividend of JPY 30.00 per share against JPY 30.00 per share paid a year ago.
ISEKI & CO., LTD. is a Japan-based company mainly engaged in the agriculture-related business. The Company is mainly engaged in the development, manufacture, and sale of agricultural machinery related to rice cultivation and vegetable cultivation. The Agricultural-related segment is involved in development and manufacturing division, sales division and other division. The development and manufacturing division is engaged in the development and design of agricultural machinery. The sales division is engaged in the sale of products through domestic and overseas sales companies.
Iseki & Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended September 30, 2019; Revises Earnings Guidance for the Year Ending December 31, 2019; Provides Dividend Guidance for the Year Ending December 31, 2019