SEED Co.,Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Forecast for the Year Ending March 31, 2020; Provides Dividend Forecast for Fiscal Year Ending March 31, 2020
August 08, 2019
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SEED Co.,Ltd. announced consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported Net Sales were ¥7,680 million against ¥7,131 million a year ago. Operating income was ¥404 million against ¥466 million a year ago. Ordinary income was ¥364 million against ¥492 million a year ago. Net loss attributable to owners of the parent company was ¥55 million against net income attributable to owners of the parent company of ¥337 million a year ago. Net loss per share was ¥2.23 against net income per share of ¥13.49 a year ago.
The company provides earnings forecast for the year ending March 31, 2020. The company forecast net sales of ¥33,100 million. Operating income of ¥2,100 million. Ordinary income of ¥2,050 million. Net income attributable to owners of the parent company of ¥1,000 million and net income per share of ¥39.95.
The company provides dividend forecast for fiscal year ending March 31, 2020. For the fiscal year, company forecast year end dividend of ¥12 per share.
SEED CO.,LTD. is mainly engaged in the research, development, manufacture and sale of contact lenses. The Company operates in two business segments. The Contact Lens and Care Products segment provides contact lenses such as hard, soft and disposable lenses, as well as care products such as preservation solutions, cleansing solutions, enzyme cleaning solutions, disinfectant solutions and cases for contact lenses, among others. The Glasses segment is engaged in the sales of eyeglass frame and eyeglass fixtures. The Company is also engaged in intraocular lens and other business.
SEED Co.,Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Forecast for the Year Ending March 31, 2020; Provides Dividend Forecast for Fiscal Year Ending March 31, 2020