SEED Co.,Ltd. Reports Consolidated Earnings Results for the Nine Months Ended Dec. 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
February 06, 2020
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SEED Co.,Ltd. reported consolidated earnings results for the nine months ended Dec. 31, 2019. For the period, the company reported net sales of JPY 24,038 million compared to JPY 22,186 million a year ago. Operating income was JPY 1,450 million compared to JPY 1,393 million a year ago. Net income attributable to owners of the parent was JPY 711 million or JPY 28.44 per share compared to JPY 907 million or JPY 36.24 per share a year ago.
For the year ending March 31, 2020, the company expects consolidated net sales of JPY 33,100 million, operating income of JPY 2,100 million, net income attributable to owners of the parent of JPY 1,000 million or JPY 39.95 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. Reports Consolidated Earnings Results for the Nine Months Ended Dec. 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
SEED CO.,LTD. 
