Meiwa Corporation Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2020
For the year, on non-consolidated basis, the company reported net sales of JPY 105,941 million against JPY 100,801 million a year ago. Operating income was JPY 1,036 million against JPY 785 million a year ago. Net income was JPY 1,173 million against JPY 1,140 million a year ago. Basic earnings per share was JPY 28.11 against JPY 27.32 a year ago.
For the fiscal year ending March 31, 2020, the company expects net sales of JPY 160,000 million, operating income of JPY 2,300 million and net income attributable to owners of parent of JPY 2,350 million or JPY 56.27 per share.