SANNO Co., Ltd. Reports Consolidated Earnings Results for Six Months Ended January 2020
March 13, 2020 at 02:30 am EDT
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SANNO Co., Ltd. reported consolidated earnings results for six months ended January 2020. For the period, the company’s net sales were JPY 3,921 million compared to JPY 3,891 million a year ago. Operating profit was JPY 73 million compared to loss of JPY 57 million a year ago. Profit attributable to owners of parent was JPY 180 million or JPY 39.19 per basic share compared to loss of JPY 276 million or JPY 59.94 per basic share 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.