Koito Manufacturing Co., Ltd. Revises Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2021
October 28, 2020 at 03:30 am EDT
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Koito Manufacturing Co., Ltd. revised consolidated and non-consolidated earnings guidance for the fiscal year ending March 31, 2021. For the year, on consolidated basis, the company now expects net sales to be JPY 655,000 million, operating income to be JPY 37,000 million, profit attributable to owners of parent to be JPY 25,000 million and net income per share to be JPY 155.53 against net sales of JPY 637,000 million, operating income of JPY 24,000 million, profit attributable to owners of parent of JPY 16,000 million and net income per share of JPY 99.54 as previously forecasted.
For the year, on non-consolidated basis, the company now expects net sales to be JPY 291,000 million, operating income to be JPY 12,000 million, net income to be JPY 32,000 million and net income per share to be JPY 199.08 against net sales of JPY 277,000 million, operating income of JPY 6,000 million, net income of JPY 27,000 million and net income per share of JPY 167.98 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. 
