SANNO Co., Ltd. Announces Consolidated Earnings Results for the Year Ended July 31, 2020
September 14, 2020 at 02:30 am EDT
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SANNO Co., Ltd. announced consolidated earnings results for the year ended July 31, 2020. For the period, the company reported net sales of JPY 7,947 million against JPY 7,101 a million year ago. Operating profit was JPY 179 million against operating loss of JPY 344 million a year ago. Profit attributable to owners of parent was JPY 171 million against loss of JPY 625 million a year ago. Basic earnings per share were JPY 37.14 against loss per share of JPY 135.51 a year ago.
SANNO CO., LTD. is a Japan-based company engaged in precision press processing and mold manufacture for connectors, switches and other electronic components, as well as the precious metal surface treatment business. The Company operates in two businesses. The precision press processing business is engaged in the design and manufacture of molds, the press processing of press materials, as well as the manufacture of molded hoops. The surface treatment processing segment is engaged in the high-speed gold coating process, palladium nickel alloy coating process and continuous gold coating process for molding press products, such as connectors, switches and integrated circuit (IC) sockets.