Okabe Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2019; Provides Consolidated Earnings Guidance for the First Six Months and Full Year Ending December 31, 2019
May 10, 2019 at 07:00 am
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Okabe Co., Ltd. reported consolidated earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported net sales of JPY 15,439 million compared to JPY 14,474 million a year ago. Operating income was JPY 1,141 million compared to JPY 864 million a year ago. Profit attributable to owners of parent was JPY 723 million or JPY 14.52 per basic share compared to JPY 713 million or JPY 14.33 per basic share a year ago.
The company provided consolidated earnings guidance for the first six months and full year ending December 31, 2019. For the period, the company expected net sales of JPY 32,150 million, operating income of JPY 2,570 million and profit attributable to owners of parent of JPY 1,760 million or JPY 35.32 per share.
For the year 2019, the company expected net sales of JPY 68,500 million, operating income of JPY 6,100 million and profit attributable to owners of parent of JPY 4,300 million or JPY 86.29 per share.
OKABE CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of construction equipment and materials. The Company operates in three business segments. The Construction-related Product segment manufactures and sells temporary and formwork construction products, civil engineering products and structural products, and purchases and sells construction materials. The Automobile-related Product segment is engaged in the planning and sale of automobile related products. The Others segment manufactures and sells marine materials and supplies, and manufactures and sells fishing products in the United States.
Okabe Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2019; Provides Consolidated Earnings Guidance for the First Six Months and Full Year Ending December 31, 2019