Swcc Showa Holdings Co., Ltd. Announces Consolidated Earnings Results for the Three Months Ended June 30, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020
July 30, 2019
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SWCC Showa Holdings Co., Ltd. announced consolidated earnings results for the three months ended June 30, 2019. For the quarter, the company's reported net sales were JPY 43,022 million compared to JPY 42,363 million for the same period a year ago. Operating income was JPY 1,668 million compared to JPY 1,229 million for the same period a year ago. Net income attributable to owners of parent was JPY 1,128 million compared to JPY 812 million for the same period a year ago. Net income per share was JPY 37.86 compared to JPY 27.24 for the same period 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 and net income per share to be 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 Consolidated Earnings Results for the Three Months Ended June 30, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020