Morio Denki Co., Ltd. Announces Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2021
May 13, 2021 at 01:00 am EDT
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Morio Denki Co., Ltd. announced consolidated and non consolidated earnings results for the year ended March 31, 2021. For the year, on consolidated basis, the company reported net sales of JPY 9,591 million compared with JPY 9,866 million for the same period a year ago. Operating profit was JPY 329 million compared with JPY 527 million for the same period a year ago. Profit attributable to owners of parent was JPY 204 million or JPY 148.70 per basic share compared with JPY 281 million or JPY 204.36 per basic share for the same period a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 9,477 million compared with JPY 9,826 million for the same period a year ago. Operating profit was JPY 395 million compared with JPY 612 million for the same period a year ago. Profit attributable to owners of parent was JPY 59 million or JPY 43.54 per basic share compared with JPY 365 million or JPY 265.88 per basic share for the same period a year ago.
MORIO DENKI CO., LTD. is primarily engaged in the manufacture and sale of electrical equipment. The Company operates in two business segments. In the Electrical Equipment Manufacture and Sale segment, the railway-related business manufactures main controllers, power distribution boards, switch boxes, fluorescent lights, destination indicators, passenger information display devices for railway operators and railcar manufactures. The automobile-related business manufactures self-propelled labeling vehicles, various vehicle-mounted indicators and various road information systems for highway companies and Ministry of Land, Infrastructure, Transport and Tourism. The ship-related business manufactures various explosion-proof lights and explosion-proof tools, as well as various lighting fixtures for vessels and security-related equipment. The Real Estate-related segment is engaged in the leasing of real estate.