Ultrafabrics Holdings Co.,Ltd. Announces Consolidated Earnings Results for the Second Quarter Ended June 30, 2020
September 25, 2020 at 02:00 am EDT
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Ultrafabrics Holdings Co.,Ltd. announced consolidated earnings results for the second quarter ended June 30, 2020. For the quarter, the company reported sales of JPY 4,593 million against JPY 5,816 million a year ago. Operating profit was JPY 143 million against JPY 577 million a year ago. Loss was JPY 34 million against profit JPY 164 million a year ago. Basic Loss per share was JPY 4.06 against Profit JPY 19.67 a year ago. Diluted earnings per share was JPY 4.06 against JPY 17.44 a year ago.
Ultrafabrics Holdings Co.,Ltd., formerly Daiichi Kasei Co.,Ltd., is a Japan-based company engaged in manufacture and sale of polyurethane leather. There are four main uses for polyurethane leather products. Products for furniture are applied to chairs and other high-end office furniture mainly in North America, and the contract furniture used in hotels, restaurants, theaters. Automobiles products are sold as interior materials such as automobile gear shift boots and wear-resistant seats. Aircraft products are sold mainly as interior materials for private jets (business jets). Other products are sold mainly as interior materials of golf gloves, clothing materials, recreational vehicles (RVs), trucks and boats. The Company mainly sells products in Japan, North America, Europe and other regions.
ULTRAFABRICS HOLDINGS CO.,LTD. 
