Nitto Kogyo Corporation Provides Dividend Guidance for the Second Quarter Ending Sep. 2019 and Full Year Ending March 2020; Reports Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Six Months Ending September 2019 and Year Ending March 2020
August 08, 2019 at 02:20 am EDT
Share
Nitto Kogyo Corporation provided dividend guidance for the second quarter ending Sep. 2019 and full year ending March 2020. For the second quarter, the company expects to pay dividend of JPY 25.00 per share.
For the full year, the company expects to pay dividend of JPY 25.00 per share.
The company reported earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 29,992 million against JPY 24,311 million a year ago. Operating profit was JPY 1,884 million against JPY 565 million a year ago. Profit attributable to owners of parent was JPY 901 million or JPY 22.29 per basic share against JPY 141 million or JPY 3.50 per basic share a year ago.
For the six months ending September 2019, the company expects net sales of ¥60,000 million, operating profit of ¥3,400 million, and profit attributable to owners of the parent of ¥2,800 million or ¥69.20 per basic share.
For the year ending March 2020, the company expects operating profit of ¥9,000 million, and profit attributable to owners of the parent of ¥6,500 million or ¥160.65 per basic share on net sales of ¥128,000 million.
NITTO KOGYO CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of switchboard-related products, as well as the purchase and sale of information and communication equipment. The Company operates in three business segments. The Switchboard-related segment manufactures and sells switchboards, cabinets, breakers, switches and parts, among others. The Information and Communication related Distribution segment purchases and sells information communication equipment and other materials. The Works and Services segment is engaged in the construction of electrical equipment and network systems, and the provision of maintenance service.
Nitto Kogyo Corporation Provides Dividend Guidance for the Second Quarter Ending Sep. 2019 and Full Year Ending March 2020; Reports Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Six Months Ending September 2019 and Year Ending March 2020
NITTO KOGYO CORPORATION 
