Osaki Electric Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 2019; Reaffirms Earnings Guidance for the Full Year of Fiscal 2019
November 05, 2019
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Osaki Electric Co., Ltd. announced consolidated earnings results for the six months ended September 2019. For the period, the company reported of net sales of JPY 43,580 million compared to JPY 35,669 million a year ago. Operating income was JPY 2,033 million compared to JPY 1,536 million a year ago. Profit attributable to owners of parent was JPY 845 million compared to JPY 645 million a year ago. Net income per share was JPY 17.28 compared to JPY 13.20 a year ago.
For the full year of fiscal 2019, the company expects net sales of JPY 92,000 million, operating income of JPY 4,300 million and profit attributable to owners of parent of JPY 1,600 million. The full-year forecast is unchanged from the announcement on May 14, 2019.
Osaki Electric Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of measurement and control equipment. The Company operates in three business segments. The Measurement and Control Equipment segment manufactures and sells electric energy meter, current limiter, instrument transformer, distribution board, supervisory control device, time switch, optical communication related equipment and meter reading system. The Flat Panel Display (FPD)-related Equipment segment is engaged in the design, manufacture, and sale of FPD-related equipment. The Real Estate segment is involved in the real estate leasing business.
Osaki Electric Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 2019; Reaffirms Earnings Guidance for the Full Year of Fiscal 2019