Imasen Electric Industrial Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020; Provides Dividend Guidance for the Year Ending March 31, 2020
February 09, 2020
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Imasen Electric Industrial Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2019. For the period, net sales were JPY 84,166 million against JPY 89,908 million a year ago. Operating profit was JPY 2,077 million against JPY 3,172 million a year ago. Profit for the period was JPY 1,408 million against JPY 2,359 million a year ago. Earnings per share were JPY 65.25 against JPY 110.79 a year ago.
For the year ending March 31, 2020, the company expects consolidated net sales of JPY 112,000 million, operating profit of JPY 3,000 million, profit attributable to owners of parent of JPY 2,100 million and earnings per share of JPY 100.90.
For the year ending March 31, 2020, the company expects to pay a dividend of JPY 17.00 per share compared to JPY 16.00 per share paid a year ago.
Imasen Electric Industrial Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of mechanical products and electric products for automobiles, wire harnesses and assistive products. The Company operates through three business segments. The Auto Part Related segment is mainly engaged in the manufacture and sale of seat adjusters, window regulators and other automobile mechanical products, as well as lamps, electronic units, horns and other automobile electric products. The Wire Harness segment is mainly engaged in the manufacture and sale of wire harnesses for aircrafts and equipment. The Assistive Product segment is mainly engaged in the manufacture and sale of electric wheelchairs, artificial hands, artificial legs and non-powered walking support equipment. The Company is also engaged in the provision of welfare services for employees.
Imasen Electric Industrial Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020; Provides Dividend Guidance for the Year Ending March 31, 2020