SWCC Showa Holdings Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2020
July 31, 2020 at 04:49 am EDT
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SWCC Showa Holdings Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2020. For the quarter, the company reported net sales of JPY 33,818 million against JPY 43,022 million a year ago. Operating income was JPY 622 million against JPY 1,668 million a year ago. Net income attributable to owners of parent was JPY 399 million or JPY 13.41 per share against JPY 1,128 million or JPY 37.86 per share a year ago.
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 CORPORATION 
