Rion Co., Ltd. announced consolidated and non-consolidated earnings results for the year ended March 31, 2020. For the year, on consolidated basis, the company reported net sales of ¥21,465 million against ¥21,289 million a year ago. Operating profit was ¥2,485 million against ¥2,703 million a year ago. Profit attributable to owners of parent was ¥1,779 million against ¥2,002 million a year ago. Profit per share basic was ¥144.96 against ¥163.14 a year ago.

For the year, on non-consolidated basis, the company reported net sales of ¥16,999 million against ¥17,041 million a year ago. Operating profit was ¥2,053 million against ¥2,257 million a year ago. Profit was ¥1,686 million against ¥1,952 million a year ago. Profit per share basic was ¥137.39 against ¥159.05 a year ago.

For the year ending March 31, 2021, the company expects net sales of ¥22,300 million, operating profit of ¥2,500 million, profit attributable to the owners of the parent of ¥1,900 million or ¥154.76 per share.

For the six months of fiscal year 2021, the company expects net sales of ¥10,700 million, operating profit of ¥1,400 million, profit attributable to the owners of the parent of ¥1,000 million or ¥81.45 per share.