Kyosan Electric Manufacturing Co., Ltd. Reports Consolidated and Non- Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Consolidated and Non- Consolidated Earnings Guidance for the Half Year Ending September 2019 and Full Year Ending March 2020
May 10, 2019 at 01:00 am EDT
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Kyosan Electric Manufacturing Co., Ltd. reported consolidated and non- consolidated earnings results for the year ended March 31, 2019. For the period, on consolidated basis, the company has posted net sales of ¥69,305 million against ¥73,905 million a year ago. Operating profit was ¥3,229 million against ¥5,071 million a year ago. Ordinary profit was ¥3,468 million against ¥5,334 million a year ago. Profit attributable to owners of parent was ¥2,305 million against ¥3,692 million a year ago. Basic earnings per share were ¥36.75 against ¥58.87 a year ago.
On non- consolidated basis, the company has posted net sales of ¥61,469 million against ¥67,290 million a year ago. Operating profit was ¥1,847 million against ¥3,999 million a year ago. Ordinary profit was ¥2,456 million against ¥4,553 million a year ago. Profit was ¥1,924 million against ¥3,293 million a year ago. Basic earnings per share were ¥30.67 against ¥52.48 a year ago.
For the half year ending September 2019, on consolidated basis the company expects net sales of ¥21,000 million, Operating loss is expected to be ¥3,400 million, Ordinary loss expected to be ¥3,100 million, and loss attributable to owners of parent of ¥2,200 million or ¥5.08 basic per share.
For the year ending March 2020, on consolidated basis the company expects net sales of ¥75,000 million, Operating profit is expected to be ¥4,000 million, Ordinary profit is expected to be ¥4,300 million and profit attributable to owners of parent of ¥2,400 million or ¥38.27 basic per share.
For the half year ending September 2019, on non- consolidated basis the company expects net sales of ¥19,000 million; Operating loss is expected to be ¥2,400 million and loss of ¥1,700 million or ¥27.09 basic per share.
For the year ending March 2020, on non-consolidated basis the company expects net sales of ¥66,000 million; Operating profit is expected to be ¥3,800 million and profit of ¥2,200 million or ¥35.06 basic per share.
Kyosan Electric Manufacturing Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of signal systems and electrical equipment. The Company operates in two business segments. The Signal System segment is engaged in the manufacture and sale of railroad signal systems and road traffic control systems. The Electrical Equipment segment is engaged in the manufacture and sale of semiconductor application equipment.
Kyosan Electric Manufacturing Co., Ltd. Reports Consolidated and Non- Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Consolidated and Non- Consolidated Earnings Guidance for the Half Year Ending September 2019 and Full Year Ending March 2020