Tone Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended November 30, 2019; Provides Earnings Guidance for the Year Ending May 31, 2020
January 13, 2020
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Tone Co., Ltd. reported consolidated earnings results for the six months ended November 30, 2019. For the six months, the company reported net sales of JPY 2,943 million compared to JPY 2,787 million a year ago. Operating profit was JPY 506 million compared to JPY 433 million a year ago. Net profit belongs to parent company shareholder was JPY 356 million compared to JPY 327 million a year ago. Earnings per share was JPY 182.68 compared to JPY 158.69 a year ago.
For the year ending May 31, 2020, the company expects net sales of JPY 6,690 million, operating profit of JPY 1,050 million, net income belongs to parent company shareholder of JPY 730 million or JPY 373.82 per share.
TONE CO., LTD. is a Japan-based company principally engaged in the manufacture and sale of work tools and equipment. The Company primarily provides work tools, torque management equipment and bolt fastening equipment, and sells them both domestically and overseas. The Company operates in three business segments, including East Japan, West Japan and Overseas. Each segment sells work tools, torque management equipment and bolt fastening equipment.
Tone Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended November 30, 2019; Provides Earnings Guidance for the Year Ending May 31, 2020
TONE CO., LTD. 
