Koito Manufacturing Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2019; Revises Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2020
October 28, 2019 at 03:00 am EDT
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Koito Manufacturing Co., Ltd. reported consolidated earnings results for the six months ended September 30, 2019. For the period, the company reported net sales of JPY 399,061 million against JPY 392,601 million a year ago. Operating income was JPY 41,725 million against JPY 46,503 million a year ago. Profit was JPY 31,334 million against JPY 36,478 million a year ago. Net income per share was JPY 181.14 against JPY 206.28 a year ago. Net income per share (diluted) was JPY 181.08 against JPY 206.21 a year ago.
The company revised consolidated and non-consolidated earnings guidance for the fiscal year ending March 31, 2020. For the fiscal year ending March 31, 2020, on consolidated basis, the company expects revised net sales of JPY 808,000 million against JPY 825,000 million as previously forecasted. The company expects operating income of JPY 84,000 million against JPY 92,000 million as previously forecasted. The company expects profit attributable to owners of parent of JPY 59,000 million against JPY 63,000 million as previously forecasted. The company expects net income per share of JPY 367.07 against JPY 391.96 million as previously forecasted.
For the fiscal year ending March 31, 2020, on non-consolidated basis, the company expects revised net sales of JPY 360,000 million against JPY 362,000 million as previously forecasted. The company expects operating income of JPY 28,000 million against JPY 31,000 million as previously forecasted. The company expects profit attributable to owners of parent of JPY 38,000 million against JPY 39,000 million as previously forecasted. The company expects net income per share of JPY 236.42 against JPY 242.64 million as previously forecasted.
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 Six Months Ended September 30, 2019; Revises Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2020
KOITO MANUFACTURING CO., LTD. 
