Koito Manufacturing Co. Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Revised Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2019
January 25, 2019 at 03:00 am EST
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Koito Manufacturing Co. Ltd. reported consolidated earnings results for the nine months ended December 31, 2018. For the period, the company reported net sales of JPY 607,820 million against JPY 640,701 million a year ago. Operating income was JPY 72,588 million against JPY 74,344 million a year ago. Recurring profit was JPY 75,751 million against JPY 78,879 million a year ago. Profit attributable to owners of parent was JPY 51,006 million against JPY 47,517 million a year ago. Net income per share was JPY 317.34 against JPY 295.65 a year ago. Net income per diluted share was JPY 317.24 against JPY 295.55 a year ago.
For the year ending March 31, 2019, the company expects consolidated net sales of JPY 816,000 million, operating income of JPY 98,000 million, recurring profit of JPY 101,000 million and profit attributable to owners of parent company of JPY 69,000 million or JPY 429.29 per share compared to previous guidance of net sales of JPY 809,000 million, operating income of JPY 98,000 million, recurring profit of JPY 101,000 million and profit attributable to owners of parent company of JPY 69,000 million or JPY 429.29 per share.
For the year ending March 31, 2019, the company expects non-consolidated net sales of JPY 364,000 million, operating income of JPY 38,500 million, recurring profit of JPY 56,000 million and net income of JPY 43,000 million or JPY 267.53 per share compared to previous guidance of net sales of JPY 361,000 million, operating income of JPY 38,000 million, recurring profit of JPY 55,000 million and net income of JPY 42,000 million or JPY 261.31 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 Nine Months Ended December 31, 2018; Revised Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2019