Musashi Seimitsu Industry Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2020; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2020
February 06, 2020
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Musashi Seimitsu Industry Co., Ltd. announced consolidated earnings results for the nine months ended December 31, 2019. For the period, the company' net sales were JPY 181,870 million against JPY 192,781 million a year ago. Operating profit was JPY 6,502 million against JPY 11,433 million a year ago. Profit for the period was JPY 4,416 million compared to JPY 8,466 million a year ago. Earnings per share was JPY 66.83 compared to JPY 126.16 a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2020. For the period, the company expects net sales of JPY 238,500 million, operating profit of JPY 10,400 million and profit attributable to owners of parent of JPY 7,000 million or JPY 107.47 per share.
The company provided dividend guidance for the fiscal year ending March 31, 2020. For the period, 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 Nine Months Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2020; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2020
MUSASHI SEIMITSU INDUSTRY CO., LTD. 
