Musashi Seimitsu Industry Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019
February 05, 2019
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Musashi Seimitsu Industry Co., Ltd. announced consolidated earnings results for the nine months ended December 31, 2018. For the period, the company' net sales were JPY 192,781 million against JPY 174,310 million a year ago. Operating profit was JPY 11,433 million against JPY 10,097 million a year ago. Profit was JPY 8,466 million or JPY 126.16 per share against JPY 6,734 million or JPY 102.99 per share a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2019. For the period, the company expects net sales of JPY 249,000 million, operating profit of JPY 17,000 million and profit attributable to owners of parent of JPY 10,600 million or JPY 168.59 per share.
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, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019