Koito Manufacturing Co. Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2019
May 27, 2019 at 10:09 pm EDT
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Koito Manufacturing Co. Ltd. reported consolidated and non-consolidated earnings results for the full year ended March 31, 2019. For the year, on consolidated basis, reported net sales were JPY 826,257 million against JPY 848,868 million a year ago. Operating income was JPY 101,534 million against JPY 103,785 million a year ago. Recurring profit was JPY 105,494 million against JPY 107,945 million a year ago. Net income was JPY 80,893 million against JPY 92,232 million a year ago.
For the year, on non-consolidated basis, net sales were JPY 364,104 million against JPY 339,976 million a year ago. Operating income was JPY 38,346 million against JPY 37,599 million a year ago. Recurring profit was JPY 56,652 million against JPY 55,791 million a year ago. Net income was JPY 44,132 million against JPY 62,228 million a year ago.
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.