Nitto Kogyo Corporation Reports Consolidated Financial Results for the Six Months Ended Sep. 2019; Provides Financial and Dividend Guidance for the Year Ending Mar. 2020; Announces Dividend for the Six Months Ended Sep. 2019, Payable on Dec. 10, 2019
November 11, 2019 at 01:00 am EST
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Nitto Kogyo Corporation reported consolidated financial results for the six months ended Sep. 2019. For the six months, the company reported operating profit of ¥5,072 million and profit attributable to owners of parent of ¥3,124 million or ¥77.23 per basic share on net sales of ¥64,887 million against operating profit of ¥2,030 million and profit attributable to owners of parent of ¥1,181 million or ¥29.20 per basic share on net sales of ¥51,742 million for the same period of last year.
For the year ending Mar. 2020, the company expects, operating profit of ¥11,300 million and profit attributable to owners of parent of ¥7,100 million or ¥175.48 per basic share on net sales of ¥135,000 million.
For the six months, the company announced a dividend of ¥25 per share. Dividend payable date (as planned) is Dec. 10, 2019.
For the year ending Mar. 2020, the company expects to pay an year end dividend of ¥28 per share.
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 Reports Consolidated Financial Results for the Six Months Ended Sep. 2019; Provides Financial and Dividend Guidance for the Year Ending Mar. 2020; Announces Dividend for the Six Months Ended Sep. 2019, Payable on Dec. 10, 2019