OPTEX Group Co., Ltd. Revises Consolidated Earnings Guidance for the Six Months Ended June 30, 2023 and Year Ending December 31, 2023
July 28, 2023 at 02:30 am EDT
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OPTEX Group Co. Ltd. revised consolidated earnings guidance for the six months ended June 30, 2023 and year ending December 31, 2023. For the six months ending June 30, 2023, the company expects net sales of JPY 27,197 million compared to previous guidance of JPY 29,200 million; operating profit of JPY 2,662 million compared to previous guidance of JPY 3,600 million; and profit attributable to owners of parent of JPY 1,986 million or JPY 55.93 per basic share compared to previous guidance of JPY 2,550 million or JPY 71.78 per basic share.
For the year ending December 31, 2023, the company expects net sales of JPY 57,000 million compared to previous guidance of JPY 60,000 million; operating profit of JPY 6,500 million compared to previous guidance of JPY 7,500 million; and profit attributable to owners of parent of JPY 5,000 million or JPY 140.75 per basic share compared to previous guidance of JPY 5,300 million or JPY 149.19 per basic share.
OPTEX GROUP Company, Limited is a Japan-based company engaged in the development, design, manufacture and sale of various sensors, lightings and related systems. The Company operates through four segments. The Sensing Solution (SS) segment is engaged in the development, design, manufacture and sale of various sensors and related systems. Factory Automation (FA) segment is engaged in the development, design and sale of products for FA. The Machine Vision Lighting (MVL) segment is engaged in the development, manufacture and sale of the light-emitting diode (LED) lighting equipment and LED devices for image processing, LED lighting equipment for UV irradiators, and related control devices. Electronics Manufacturing Service (EMS) segment is engaged in contract manufacturing services of electronic equipment. It also operates sports club, and develops various systems, applications and digital content.