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.