Alps Alpine Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2020 and for the Full Year Ending March 31, 2021
July 30, 2020
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Alps Alpine Co., Ltd. provided consolidated earnings guidance for the six months ending September 30, 2020 and for the full year ending March 31, 2021. For the six months ending September 30, 2020, the company expects net sales of ¥317,500 million, operating loss of ¥10,000 million, net loss attributable to owners of parent of ¥14,000 million or ¥68.48 per basic share.
For the year ending March 31, 2021, the company expects net sales of ¥702,500 million, operating income of ¥13,000 million, net income attributable to owners of parent of ¥3,000 million or ¥14.67 per basic share.
Alps Alpine Co., Ltd. specializes in the production and marketing of electromechanical components. Net sales break down by family of products and services as follows:
- electronic components (52.4%): mobile phones, household items and industrial equipment components (switches, connectors, encoders, captors, etc.);
- audio and communication equipment for automotive (37.8%);
- logistics services (8.2%);
- other (1.6%).
Net sales are distributed geographically as follows: Japan (19%), China (19.2%), Americas (16.5%), Germany (10.7%), and other (34.6%).