Osaki Electric Co., Ltd. Announces Consolidated Earnings Results for the Third Quarter Ended December 31, 2018; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2019
February 03, 2019
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Osaki Electric Co., Ltd. announced consolidated earnings results for the third quarter ended December 31, 2018. For the quarter, the company reported of total revenue of JPY 54,877 million compared to JPY 56,741 million a year ago. Operating income was of JPY 2,681 million compared to JPY 4,065 million a year ago. Ordinary income was of JPY 2,817 million compared to JPY 4,181 million a year ago. Profit attributable to owners of parent was of JPY 966 million compared to JPY 1,867 million a year ago. Net income per share was of JPY 19.76 compared to JPY 38.27 a year ago.
For the year ending March 31, 2019, the company expects net sales of JPY 80,000 million. Operating income of JPY 3,500 million. Ordinary income of JPY 3,400 million. Profit attributable to owners of parent of JPY 1,200 million.
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 Third Quarter Ended December 31, 2018; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2019