Mitsubishi Research Institute, Inc. Reports Consolidated Earnings Results for the First Quarter Ended December 31, 2019; Revises Earnings Guidance for the Fiscal Year Ending September 30, 2020; Provides Dividend Guidance for the Second Quarter of 2020 and Year Ending September 30, 2020
February 04, 2020
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Mitsubishi Research Institute, Inc. reported consolidated earnings results for the first quarter ended December 31, 2019. For the quarter, the company reported net sales of ¥14,862 million against ¥15,232 million a year ago. Operating loss was ¥492 million against ¥1,365 million a year ago. Profit attributable to owners of the company was ¥2,319 million against loss attributable to owners of the company of ¥1,016 million a year ago. Basic earnings per share was ¥142.79 per share against basic loss per share of ¥62.55 per share.
For the fiscal year ending September 30, 2020, the company expects consolidated net sales of ¥94,000 million, operating income of ¥4,900 million compared to previous guidance of ¥5,200 million, profit attributable to owners of the company of ¥6,300 million compared to previous guidance of ¥5,200 million or ¥387.65 per basic share compared to previous guidance of ¥320.08.
For the second quarter of 2020, the company expects to pay dividend of ¥50.00 per share.
For the year ending September 30, 2020, the company expects to pay dividend of ¥50.00 per share.
Mitsubishi Research Institute Inc is a Japan-based company mainly engaged in the provision of think tank consulting service and information technology (IT) service. The Company operates through two segments. The Think Tank Consulting Service segment is engaged in the provision of research and consulting, management consulting, IT consulting and solution service related to policy and general business. The IT Service segment is engaged in the development, operation and maintenance of software, the provision of information processing service and outsourcing service, as well as the sales of system equipment.
Mitsubishi Research Institute, Inc. Reports Consolidated Earnings Results for the First Quarter Ended December 31, 2019; Revises Earnings Guidance for the Fiscal Year Ending September 30, 2020; Provides Dividend Guidance for the Second Quarter of 2020 and Year Ending September 30, 2020