Toyo Suisan Kaisha Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2019; Provides Consolidated Earnings Guidance for the First Half and for the Full Year for the Fiscal Year Ending March 31, 2020
May 09, 2019 at 11:20 pm EDT
Share
Toyo Suisan Kaisha Ltd. announced consolidated and non-consolidated earnings results for the full year ended March 31, 2019. For the year, on consolidated basis, the company reported net sales of JPY 401,064 million against JPY 388,797 million a year ago. Operating profit was JPY 23,661 million against JPY 26,652 million a year ago. Profit was JPY 18,952 million or JPY 180.54 per basic share against JPY 18,811 million or JPY 180.47 per basic share a year ago.
For the year, on non-consolidated basis, the company announced net sales of JPY 252,384 million against JPY 252,992 million a year ago. Operating profit was JPY 9,974 million against JPY 11,970 million a year ago. Profit was JPY 11,239 million against JPY 12,233 million a year ago. Basic earnings per share were JPY 110.00 against JPY 119.73 a year ago.
The company provided consolidated earnings guidance for the first half and for the full year for the fiscal year ending March 31, 2020. For the first half period, the company expects to report net sales of JPY 204,000 million, operating profit of JPY 12,000 million and profit attributable to owners of parent of JPY 9,500 million or JPY 93.02 per basic share.
For the full year, the company expects to report net sales of JPY 420,000 million, operating profit of JPY 27,000 million and profit attributable to owners of parent company of JPY 21,000 million or JPY 205.62 per basic share.
Toyo Suisan Kaisha Ltd is a Japan-based food manufacturing company. The Company operates through six business segments. The Seafood segment is engaged in the purchase, processing and sale of seafoods in domestic and overseas markets. The Overseas Instant Noodles segment provides cup and bag noodles mainly in the United States and Mexico. The Domestic Instant Noodles segment provides cup and bag noodles in Japan. The Low Temperature Food segment manufactures and sells steamed and roasted buckwheat noodles, raw ramen, boiled noodles, frozen noodles and commercial cocking products. The Processed Food segment is engaged in the manufacture and sale of processed foods such as aseptic packaged rice, retort rice, soup, dashi-no-moto, bonito flakes, and paste products in Japan. The Frozen and Cold Storage segment is engaged in the provision of storage and freezing services. The Company also involves in the bag lunch, prepared food businesses.
Toyo Suisan Kaisha Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2019; Provides Consolidated Earnings Guidance for the First Half and for the Full Year for the Fiscal Year Ending March 31, 2020
TOYO SUISAN KAISHA, LTD. 
