SWCC Showa Holdings Co., Ltd. Announces Earnings Results for the Fiscal Year Ended March 2019; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2020
May 09, 2019
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SWCC Showa Holdings Co., Ltd. announced earnings results for the fiscal year ended March 2019. For the year, the company reported net sales of JPY 177,174 million compared to JPY 168,186 million a year ago. Net income attributable to owners of parent was JPY 4,569 million or net income per share of JPY 153.22 compared to JPY 3,737 million or net income per share of JPY 123.93 a year ago. Operating income was JPY 6,640 million compared to JPY 6,276 million a year ago.
For the year ending March 31, 2020, the company expects net sales to be JPY 173,000 million, operating income to be JPY 6,500 million, net income attributable to owners of parent to be JPY 4,500 million or net income per share of JPY 150.89.
SWCC Corp is a Japan-based company mainly engaged in the electrical wire rod business and other businesses. The Company operates through three segments. The Energy and Infrastructure segment manufactures and sells electric wires, electric power cables, seismic isolation devices, damping and vibration isolation, and designs and contracts engineering. The Communication and Industrial Device segment mainly manufactures and sells communication cables, wire harnesses, and precision devices. The Electrical Equipment and Components segment mainly manufactures and sells magnet wires, bare wires, oxygen-free copper, copper alloy wires, and electric wires for automobiles. The Company is also engaged in new businesses including sales of network solutions, logistics business, office management business, research and development of materials, and manufacturing and sales of superconducting business.
SWCC Showa Holdings Co., Ltd. Announces Earnings Results for the Fiscal Year Ended March 2019; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2020
SWCC CORPORATION 
