Koito Manufacturing Co., Ltd. Revises Consolidated and Non-Consolidated Earnings Guidance for the First Half and Full-Year of Fiscal 2021, the Year Ending March 31, 2021
September 29, 2020 at 03:00 am EDT
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Koito Manufacturing Co., Ltd. Revises consolidated and non-consolidated earnings guidance for the first half and full-year of fiscal 2021, the year ending March 31, 2021. For the first half ending Sept. 30, 2020, the company now expects consolidated net sales of JPY 284,000 million, operating income of JPY 4,000 million and profit attributable to owners of parent of JPY 3,500 million or JPY 21.78 per share against net sales of JPY 267,000 million, operating income of JPY 2,000 million and profit attributable to owners of parent of JPY 2,500 million or JPY 15.55 per share provided earlier.
For the first half ending Sept. 30, 2020, the company now expects non-consolidated net sales of JPY 131,000 million, operating income of JPY 3,000 million and net income of JPY 22,500 million or JPY 139.98 per share against net sales of JPY 121,000 million, operating income of JPY 1,000 million and net income of JPY 17,500 million or JPY 108.88 per share provided earlier.
For the year ending March 31, 2021, the company now expects consolidated net sales of JPY 637,000 million, operating income of JPY 24,000 million and profit attributable to owners of parent of JPY 16,000 million or JPY 99.54 per share against net sales of JPY 620,000 million, operating income of JPY 18,000 million and profit attributable to owners of parent of JPY 10,000 million or JPY 62.21 per share provided earlier.
For the year ending March 31, 2021, the company now expects non-consolidated net sales of JPY 277,000 million, operating income of JPY 6,000 million and net income of JPY 27,000 million or JPY 167.98 per share against net sales of JPY 267,000 million, operating income of JPY 2,000 million and profit attributable to owners of parent of JPY 22,000 million or JPY 136.87 per share provided earlier.
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. Revises Consolidated and Non-Consolidated Earnings Guidance for the First Half and Full-Year of Fiscal 2021, the Year Ending March 31, 2021