Mitachi Co., Ltd. Announces Earnings Results for the First Quarter Ended August 31, 2018; Provides Earnings Guidance for the Second Quarter Ending November 2018 and Fourth Quarter Ending May 2019
September 28, 2018 at 02:00 am EDT
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Mitachi Co., Ltd. announced earnings results for the first quarter ended August 31, 2018. For the quarter, the company reported net sales of JPY 9,934 million against JPY 10,821 million a year ago. Operating profit was JPY 334 million against JPY 461 million a year ago. Ordinary profit was JPY 380 million against JPY 479 million a year ago. Profit attributable to owners of parent was JPY 277 million or JPY 35.12 per basic share against JPY 365 million or JPY 49.78 per basic share a year ago. Net assets per share were JPY 1,083.73 against JPY 1,058.16 as at May 2018. Diluted earnings per share was JPY 34.88.
The company provided earnings guidance for the six months ending November 2018 and year ending May 2019. For the six months ending November 2018, the company expects net sales of JPY 19,000 million, operating profit of JPY 500 million, ordinary profit of JPY 530,000 million and profit attributable to owners of parent of JPY 380 million or JPY 48.10 per basic share.
For the fourth quarter ending May 2019, the company expects net sales of JPY 40,000 million, operating profit of JPY 1,050 million, ordinary profit of JPY 1,110 million and profit attributable to owners of parent of JPY 800 million or JPY 101.26 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 Earnings Results for the First Quarter Ended August 31, 2018; Provides Earnings Guidance for the Second Quarter Ending November 2018 and Fourth Quarter Ending May 2019
MITACHI CO., LTD. 
