Nitto Kogyo Corporation Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2019; Announces Dividend for the Year Ended March 31, 2019, Payable on June 28, 2019; Provides Dividend Guidance for the Six Months Ending September 30, 2019 and Year Ending March 31, 2020; Provides Consolidated and Non-Consolidated Earnings for the Six Months Ending September 30, 2019 and Year Ending March 31, 2020
May 15, 2019 at 02:20 am EDT
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Nitto Kogyo Corporation reported consolidated and non-consolidated earnings results for the year ended March 31, 2019. For the year, on consolidated basis, the company reported net sales of JPY 116,984 million against JPY 108,080 million a year ago. Operating profit was JPY 6,472 million against JPY 5,751 million a year ago. Profit attributable to owners of parent was JPY 4,046 million or JPY 100.02 per basic share against JPY 2,883 million or JPY 71.26 per basic share a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 71,395 million against JPY 68,551 million a year ago. Operating profit was JPY 5,563 million against JPY 4,441 million a year ago. Profit was JPY 3,580 million or JPY 88.50 per basic share against JPY 855 million or JPY 21.14 per basic share a year ago.
The company announced dividend of JPY 20.00 per share against JPY 20.00 per share paid a year ago. The dividend will be payable on June 28, 2019.
For the six months ending September 30, 2019, the company expects dividend of JPY 25.00 per share against JPY 20.00 per share paid a year ago.
For the year ending March 31, 2020, the company expects dividend of JPY 25.00 per share against JPY 20.00 per share paid a year ago.
The company provided consolidated and non-consolidated earnings guidance for the six months ending September 30, 2019 and for the year ending March 31, 2020. For the six months ending September 30, 2019, on consolidated basis, the company expects net sales of JPY 60,000 million, operating profit of JPY 3,400 million, profit attributable to owners of parent of JPY 2,800 million or JPY 69.20 per basic share.
For the year ending March 31, 2020, on consolidated basis, the company expects net sales of JPY 128,000 million, operating profit of JPY 9,000 million, profit attributable to owners of parent of JPY 6,500 million or JPY 160.65 per basic share.
For the six months ending September 30, 2019, on non-consolidated basis, the company expects net sales of JPY 34,400 million, operating profit of JPY 2,900 million, profit of JPY 2,200 million or JPY 54.37 per basic share.
For the year ending March 31, 2020, on non-consolidated basis, the company expects net sales of JPY 73,000 million, operating profit of JPY 7,300 million, profit of JPY 5,000 million or JPY 123.58 per basic 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 and Non-Consolidated Earnings Results for the Year Ended March 31, 2019; Announces Dividend for the Year Ended March 31, 2019, Payable on June 28, 2019; Provides Dividend Guidance for the Six Months Ending September 30, 2019 and Year Ending March 31, 2020; Provides Consolidated and Non-Consolidated Earnings for the Six Months Ending September 30, 2019 and Year Ending March 31, 2020
NITTO KOGYO CORPORATION 
