Mitachi Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended November 30, 2019; Declares Dividend for the Second Quarter Ended as on November 30, 2019, Payable on February 10, 2020; Provides Year-End Dividend Guidance for the Fiscal Year Ending May 2020; Provides Consolidated Earnings Guidance for the Full Year Ending May 2020
December 26, 2019 at 01:00 am EST
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Mitachi Co., Ltd. announced consolidated earnings results for the six months ended November 30, 2019. For the six months, the company announced net sales of JPY 17,818 million against JPY 19,368 million a year ago. Operating profit was JPY 485 million against JPY 691 million a year ago. Profit attributable to owners of parent was JPY 360 million or JPY 45.65 per basic share against JPY 530 million or JPY 67.19 per basic share a year ago.
The company declared dividend for the second quarter ended as on November 30, 2019, at the rate of JPY 15.00 per share compared to JPY 15.00 per share paid a year ago. Dividend payable date (as planned) is February 10, 2020.
The company provided year-end dividend guidance for the fiscal year ending May 2020. The company expects to pay year-end dividend of JPY 15.00 per share compared to JPY 15.00 per share paid a year ago.
The company provided consolidated earnings guidance for the full year ending May 2020. For the full year, the company expects to report net sales of JPY 36,000 million, operating profit of JPY 1,000 million, and profit attributable to owners of parent of JPY 800 million or JPY 101.18 per share.
MITACHI CO., LTD is a company mainly involved in the sale of semiconductors, liquid crystal products and electronic parts. The Domestic division is engaged in the purchase and sale of semiconductors, including universal integrated circuits (ICs), diodes, transistors, optical semiconductors and system large-scale integration (LSI); liquid crystal products, such as liquid crystal modules; electronic components, including resistors, condensers, switches and electronic printed boards; industrial equipment, such as chip mounters and printers, as well as other components, such as hard discs and electric motors. The Overseas division is engaged in the contracted manufacture and sale of electrical devices and electrical components, as well as the purchase and sale of electrical devices and electrical components. In addition, the Company is engaged in the contract processing of electronic products.
Mitachi Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended November 30, 2019; Declares Dividend for the Second Quarter Ended as on November 30, 2019, Payable on February 10, 2020; Provides Year-End Dividend Guidance for the Fiscal Year Ending May 2020; Provides Consolidated Earnings Guidance for the Full Year Ending May 2020
MITACHI CO., LTD. 
