Mitachi Co., Ltd. Announces Earnings Results for the First Quarter Ended August 31, 2019; Provides Earnings Guidance for the Second Quarter Ending November 2019 and Fourth Quarter Ending May 2020
September 27, 2019 at 02:00 am EDT
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Mitachi Co., Ltd. announced earnings results for the first quarter ended August 31, 2019. For the quarter, the company reported net sales of JPY 8,852 million against JPY 9,934 million a year ago. Operating profit was JPY 254 million against JPY 334 million a year ago. Ordinary profit was JPY 264 million against JPY 380 million a year ago. Profit attributable to owners of parent was JPY 183 million or JPY 23.17 per basic share against JPY 277 million or JPY 35.12 per basic share a year ago.
For the six months ending November 2019, the company expects net sales of JPY 17,000 million, operating profit of JPY 400 million, ordinary profit of JPY 430,000 million and profit attributable to owners of parent of JPY 320 million or JPY 40.47 per basic share.
For the fourth quarter ending May 2020, the company expects net sales of JPY 36,000 million, operating profit of JPY 1,000 million, ordinary profit of JPY 1,060 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 Earnings Results for the First Quarter Ended August 31, 2019; Provides Earnings Guidance for the Second Quarter Ending November 2019 and Fourth Quarter Ending May 2020