Koito Manufacturing Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated and Non-Consolidated Earnings Guidance for the First Half Year Ending September 30, 2019 and Full Year Ending March 31, 2020
July 25, 2019 at 03:00 am EDT
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Koito Manufacturing Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 197,048 million against JPY 191,860 million a year ago. Operating income of JPY 19,546 million against JPY 21,704 million a year ago. Profit of JPY 14,965 million against JPY 17,213 million a year ago. Net income per share of JPY 86.85 against JPY 97.87 a year ago. Diluted Net income per share of JPY 86.82 against JPY 97.83 a year ago.
The company provided consolidated and non-consolidated earnings guidance for the first half year ending September 30, 2019 and full year ending March 31, 2020. For the first half ending September 30, 2019, on consolidated basis, the company now expects net sales of ¥397,000 million, operating income of ¥42,000 million, profit attributable to owners of parent of ¥29,000 million and net income per share ¥180.43 per share.
For the year ending March 31, 2020, on consolidated basis, the company now expects net sales of ¥825,000 million, operating income of ¥92,000 million, profit attributable to owners of parent of ¥63,000 million and net income per share ¥391.96 per share.
For the first half ending September 30, 2019, on non-consolidated basis, the company now expects net sales of ¥178,000 million, operating income of ¥15,000 million, net income of ¥21,500 million and net income per share ¥133.76 per share.
For the year ending March 31, 2020, on non-consolidated basis, the company now expects net sales of ¥362,000 million, operating income of ¥31,000 million, net income of ¥39,000 million and net income per share ¥242.64 per share.
KOITO MANUFACTURING CO., LTD. is mainly engaged in the manufacture and sale of automotive lighting equipment, aircraft parts, railway vehicles parts, electrical equipment and measuring equipment. The Company mainly operates in six segments, including Japan, China, Asia, North America, Europe and Others. The Companyâs major products include light-emitting diode (LED) head lamps, discharge head lamps, headlights, sign lamps, high mount stop lamps, halogen bulbs, miniature bulbs and other lamp fittings, control equipment for rail vehicles, roads traffic signals, traffic control systems, roads and tunnels illumination lamps, facilities illumination lamps, accommodation equipment, aircraft parts, electronic parts, head lamps cleaners, sheets for aircraft and rail vehicles, as well as environment control equipment. The Company is also engaged in the development and manufacture of forward monitoring operation support systems for advanced driver-assistance systems (ADAS) through subsidiary.
Koito Manufacturing Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated and Non-Consolidated Earnings Guidance for the First Half Year Ending September 30, 2019 and Full Year Ending March 31, 2020
KOITO MANUFACTURING CO., LTD. 
