Morio Denki Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and Full Year Ending March 31, 2024
August 03, 2023 at 01:00 am EDT
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Morio Denki Co., Ltd. provided consolidated earnings guidance for the six months ending September 30, 2023 and full year ending March 31, 2024. For the six months, the company expects net sales of JPY 3,850 million, operating profit of JPY 90 million and profit attributable to owners of parent of JPY 50 million or JPY 36.36 per basic share.
For the full year ending March 31, 2024, the company expects net sales of JPY 7,850 million, operating profit of JPY 220 million and profit attributable to owners of parent of JPY 130 million or JPY 94.52 per basic share.
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.
MORIO DENKI CO., LTD. 
