Pacific Industrial Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2020
July 23, 2019
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Pacific Industrial Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 42,924 million compared to JPY 32,144 million a year ago. Operating income was JPY 2,891 million compared to JPY 1,927 million a year ago. Current term net profit was JPY 2,116 million compared to JPY 1,832 million a year ago. Earnings per share were JPY 35.03 compared to JPY 30.37 a year ago. Fully diluted earnings per share were JPY 34.85 compared to JPY 30.19 a year ago.
For the first half of fiscal year ending March 31, 2020, on consolidated basis, the company expects net sales of JPY 78,000 million, operating income of JPY 4,900 million and profit attribute to owners of parent of JPY 3,800 million or JPY 62.93 per share.
For the fiscal year ending March 31, 2020, on consolidated basis, the company expects net sales of JPY 155,000 million, operating income of JPY 10,000 million and profit attribute to owners of parent of JPY 8,000 million or JPY 132.42 per share.
PACIFIC INDUSTRIAL CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of press and resin products, and valve products. The Company operates through two business segments. The Press and Resin Product segment is mainly engaged in the manufacture and sale of wheel caps, engine covers, hood trunk hinges, oil pans and other press and resin products for automobile, as well as press molds, resin molds and other mold products. The Valve Product segment is mainly engaged in the manufacture and sale of tire valves, valve core products, air conditioning valves and other valve products, microcomputer control equipment and other electronic machine products, compressor related products, as well as tire pressure monitoring system (TPMS) products. The Other segment is mainly engaged in the processing of information by computer, the development and sale of software, and the provision of insurance agency service.
Pacific Industrial Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2020