Musashi Seimitsu Industry Co., Ltd. Announces Consolidated Earnings Results for the First Half Year Ended September 30, 2019; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2020; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2020; Announces Dividend Payment for the Second Quarter Ended September 30, 2019, Payable on November 29, 2019
November 05, 2019
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Musashi Seimitsu Industry Co., Ltd. announced consolidated earnings results for the first half year ended September 30, 2019. For the period, net sales were JPY 123,893 million against JPY 129,026 million a year ago. Operating income was JPY 4,038 million against JPY 7,784 million a year ago. Net income attributable to the shareholders of the parent company was JPY 2,697 million or JPY 41.42 per basic share against JPY 5,496 million or JPY 87.89 per basic share or JPY 80.84 per diluted share a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2020. The company expects net sales of JPY 238,500 million, operating income of JPY 10,400 million, ordinary income of JPY 10,200 million and profit attributable to owners of parent of JPY 7,000 million or JPY 107.47 per share.
For the second quarter, the company announced dividend of JPY 21.00 per share against JPY 42.00 per share a year ago, scheduled date to commence dividend payments is November 29, 2019.
For the year ending March 31, 2020, the company expects to pay dividend of JPY 21.00 per share against JPY 21.00 per share paid a year ago.
Musashi Seimitsu Industry Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of automotive powertrain parts, suspension parts, steering parts, and transmission parts. The Company operates its business through five geographical segments: Japan, Americas, Asia, China and Europe. Its products are used in industries such as automobiles, machine tools, and industrial machines. Powertrain (PT) products includes planetary gear assemblies, differential gear assemblies, bevel gears, ring gears, camshafts, and balance shafts. The linkage and suspension (L&S) products include suspension arm assemblies, suspension ball joints, steering ball joints, and various joints for connection. Motorcycle products include motorcycle transmission gear assemblies, motorcycle camshafts, motorcycle kick starter components, other motorcycle drivetrain components, and general-purpose engine components.
Musashi Seimitsu Industry Co., Ltd. Announces Consolidated Earnings Results for the First Half Year Ended September 30, 2019; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2020; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2020; Announces Dividend Payment for the Second Quarter Ended September 30, 2019, Payable on November 29, 2019