Sodick Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended September 30, 2019; Provides Earnings Guidance for the Year Ending December 31, 2019; Provides Dividend Guidance for the Fourth Quarter Ending December 31, 2019
November 12, 2019
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Sodick Co., Ltd. announced consolidated earnings results for the nine months ended September 30, 2019. For the period, the company reported net sales of JPY 49,707 million as compared to JPY 62,577 million for the same period last year. Operating income was JPY 2,746 million as compared to JPY 8,253 million for the same period last year. Profit was JPY 1,182 million as compared to JPY 5,651 million for the same period last year. Earnings per share was JPY 25.05 as compared to JPY 119.92 for the same period last year. Diluted earnings per share was JPY 21.51 as compared to JPY 102.97 for the same period last year.
For the year ending December 31, 2019, the company expects net sales of JPY 67,000 million, operating income of JPY 3,400 million, profit attributable to owners of parent of JPY 1,500 million and earnings per share of JPY 31.93.
The company provided dividend guidance for the fourth quarter ending December 31, 2019. For the quarter, the company expects to pay a dividend of JPY 13.00 per share against JPY 12.00 per share paid a year ago.
Sodick Co., Ltd. is a Japan-based company mainly engaged in the equipment business. The Company has three business segments. The Machine Tool segment is mainly engaged in the development, manufacture, sale and maintenance of electric discharge equipment, machining centers and metal three-dimensional (3D) printers. The Industrial Machine segment is mainly engaged in the development, manufacture, sale and maintenance of horizontal injection molding equipment, vertical injection molding equipment and special-purpose molding equipment. The Food Machine segment is mainly engaged in the development, manufacture, sale and maintenance of noodle making equipment and rice cooking devices. The Company is also engaged in the manufacture and sale of mold and plastic molding products, the development, manufacture and sale of linear motor products and ceramics products, the development of hardware and software for numerical control (NC) devices, as well as the leasing of electric discharge equipment.
Sodick Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended September 30, 2019; Provides Earnings Guidance for the Year Ending December 31, 2019; Provides Dividend Guidance for the Fourth Quarter Ending December 31, 2019