MISUMI Group Inc. Revises Consolidated Earnings Guidance for the Half Year Ending September 30, 2023 and Fiscal Year Ending March 31, 2024
July 28, 2023 at 03:00 am EDT
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MISUMI Group Inc. revised consolidated earnings guidance for the half year ending September 30, 2023 and fiscal year ending March 31, 2024. For the half year, the company expects revised net sales of JPY 181,000 million, operating income of JPY 20,000 million, net income attributable to owners of parent of JPY 14,000 million and net income per share of JPY 49.73 compared to previously expected net sales of JPY 188,000 million, operating income of JPY 25,200 million, net income attributable to owners of parent of JPY 18,700 million and net income per share of JPY 65.72.
For the full year, the company expects revised net sales of JPY 377,000 million, operating income of JPY 42,800 million, net income attributable to owners of parent of JPY 30,500 million and net income per share of JPY 108.35 compared to previously expected net sales of JPY 396,000 million, operating income of JPY 51,000 million, net income attributable to owners of parent of JPY 37,800 million and net income per share of JPY 132.84.
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. 
