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.