Mitachi Co., Ltd. Announces Consolidated Earnings Results for the Year Ended May 31, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending November 2019 and Fiscal Year Ending May 2020
July 05, 2019 at 02:00 am EDT
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Mitachi Co., Ltd. announced consolidated earnings results for the year ended May 31, 2019. For the year, the company reported net sales of JPY 38,512 million compared to JPY 42,246 million a year ago. Operating profit was JPY 1,313 million compared to JPY 1,407 million a year ago. Profit attributable to owners of parent was JPY 972 million compared to JPY 934 million a year ago. Basic earnings per share were JPY 123.03 compared to JPY 126.65 a year ago. Diluted earnings per share were JPY 123.02 compared to JPY 118.95 a year ago.
The company provided consolidated earnings guidance for the six months ending November 2019 and fiscal year ending May 2020. For the six months ending November 2019, the company expects net sales of JPY 17,000 million, operating profit of JPY 400 million and profit attributable to owners of parent of JPY 320 million or JPY 40.47 per basic share.
For the fiscal year ending May 2020, the company expects 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 basic 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 Year Ended May 31, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending November 2019 and Fiscal Year Ending May 2020
MITACHI CO., LTD. 
