Kawata Mfg. Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2020
May 10, 2020
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Kawata Mfg. Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2020. For the year, on consolidated basis, the company reported net sales of JPY 21,197 million compared to JPY 24,576 million a year ago. Operating income was JPY 1,593 million compared to JPY 2,304 million a year ago. Net income attributable to owners of parent was JPY 1,063 million compared to JPY 1,676 million a year ago. Basic earnings per share was JPY 150.19 compared to JPY 236.70 a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 10,396 million compared to JPY 11,884 million a year ago. Operating income was JPY 783 million compared to JPY 888 million a year ago. Net income was JPY 704 million compared to JPY 720 million a year ago. Basic earnings per share was JPY 99.43 compared to JPY 101.77 a year ago.
KAWATA MFG.CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of plastic products making equipment, as well as the provision of related system engineering services and other related services. The Company operates through four regional segments. The Company is engaged in the production of transport equipment (Autoloaders), transport, weighing and mixing equipment (Auto Colors), high speed mixers (Super Mixers), driers (Challengers), large drying devices, material storage systems, automatic material supply systems, material weighing and mixing systems, mold temperature controllers (Just Thermo), mold cooling devices (Chillers), plastics crushers, as well as streamed equipment and automated systems for each process of environmental preservation. The Company operates in Japan, East Asia, Southeast Asia and North America.