Maxell Holdings, Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2021
July 30, 2021 at 02:00 am EDT
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Maxell Holdings, Ltd. reported consolidated earnings results for the first quarter ended June 30, 2021. For the period, the company reported net sales of JPY 34,930 million compared to JPY 29,959 million a year ago. Operating profit was JPY 3,576 million compared to operating loss of JPY 277 million a year ago. Profit attributable to owners of parent was JPY 2,651 million compared to loss of JPY 501 million a year ago. Net profit per share was JPY 53.60 compared to loss of JPY 10.13 a year ago.
Maxell Ltd, formerly Maxell Holdings Ltd, is mainly engaged in the manufacturing and sales of energy, industrial materials and electric appliances and consumer products. The Company mainly operates through three business segments. The Energy segment manufactures and sells secondary batteries, such as coin type lithium secondary batteries, industrial lithium ion batteries and electrodes, and consumer lithium ion batteries, primary batteries such as lithium primary batteries and button batteries, and charger and battery packs. The Industrial Materials segment manufactures and sells optical components, functional materials, electroforming and precision parts, semiconductor-related embedded systems, mold and synthetic resin molded parts, adhesive tapes, radio-frequency identification (RFID) systems and Integrated Circuit (IC) cards, industrial rubber products and others. The Electric Appliance and Consumer segment manufactures and sells projectors, small electric equipments and others.