Nihon Seimitsu Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
November 11, 2019 at 11:02 am EST
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Nihon Seimitsu Co., Ltd. announced consolidated earnings results for the six months ended September 30, 2019. For the six months, the company reported net sales of JPY 3,588 million against JPY 3,692 million a year ago. Operating income was JPY 5 million against operating loss of JPY 81 million a year ago. Net loss attributable to owners of parent was JPY 170 million against JPY 38 million a year ago. Net loss per share was JPY 8.74 against JPY 2.05 a year ago.
For the fiscal year ending March 31, 2020, the consolidated company expects net sales to be JPY 8,202 million, operating income to be JPY 139 million, net income attributable to owners of parent to be JPY 53 million, net income per share to be JPY 2.75.
Nihon Seimitsu Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of watch-related products and glasses frames. The Company operates in three business segments. The Watch-related segment is engaged in the manufacture and sale of watch external products such as watch bands and bezels made of urethane, titanium and ceramic. The Glasses Frames segment is engaged in the manufactures and sale of titanium products, as well as the purchases and sale of cell frames. The Others segment is engaged in the manufacture and sale of fishing equipment parts, health equipment, static elimination equipment, audio equipment parts, wearable related products, deodorants and others.
Nihon Seimitsu Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
NIHON SEIMITSU CO., LTD. 
