MISUMI Group Inc. Announces Consolidated Earnings Results for the First Half Ended September 30, 2019; Revises Earnings Guidance for the Year Ending March 31, 2020
October 27, 2019
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MISUMI Group Inc. announced consolidated earnings results for the first half ended September 30, 2019. For the period, the company reported net sales of JPY 157,133 million against JPY 166,668 million a year ago. Operating income was JPY 11,737 million against JPY 15,896 million a year ago. Net income was JPY 8,510 million against JPY 11,573 million a year ago. Earnings per share were JPY 30.00 against JPY 40.84 a year ago.
For the year ending March 31, 2020, the company expects net sales of JPY 326,500 million against previous guidance of JPY 355,000 million, operating income of JPY 27,700 million against previous guidance of JPY 35,400 million, ordinary income of JPY 27,300 million against previous guidance of JPY 35,200 million, net income of JPY 20,100 million against previous guidance of JPY 25,900 million and basic earnings per share of JPY 70.86 against previous guidance of JPY 91.32.
MISUMI Group Inc. is a Japan-based company mainly engaged in the factory automation (FA) business, the mold parts business, and the parts and consumables (MRO) business. The Company has three business segments. The FA segment is engaged in the manufacture and sale of shafts, bushes, linear guides, locating parts, pulleys stages and other standard parts for automatic equipment, as well as the development and provision of automatic positioning modules and various research equipment. The Metal Molding Parts segment is engaged in the development and provision of spring guides, ejector pins, core pins, guides, retainers and other standard mold parts for automotive, electronic and electrical equipment fields, as well as the provision of precision mold parts. The Variation & One-stop by New Alliance (VONA) segment is engaged in the general distribution business, as well as the provision of air pressure parts, piping parts, screws, bolts and other manufacturing materials and MRO products.
MISUMI Group Inc. Announces Consolidated Earnings Results for the First Half Ended September 30, 2019; Revises Earnings Guidance for the Year Ending March 31, 2020
MISUMI GROUP INC. 
