Rhythm Co.,Ltd. Reports Earnings Results for the Full Year Ended March 31, 2023
May 15, 2023 at 08:00 am
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Rhythm Co.,Ltd. reported earnings results for the full year ended March 31, 2023. For the full year, the company reported sales was JPY 31,231 million. Net income was JPY 794 million.
Basic earnings per share from continuing operations was JPY 96.16.
Rhythm Co Ltd, formerly Rhythm Watch Co Ltd, is a Japan-based company engaged in the clocks business, connection terminal business, precision business, and electronic business. The Company has four business segments. The Connection Terminal segment is engaged in the manufacture and sale of tab terminals, taping terminals, terminal blocks and others used in automobiles, solar power generation and home appliances. The Clock segment is engaged in the provision of clocks such as wall clocks, table clocks, alarm clocks, digital clocks, equipment clocks, clock movements, universal serial bus fans and disaster prevention administrative radios. The Electronic segment is engaged in the provision of electronic manufacturing services (EMS) for electronic devices, information related devices, in-vehicle devices. The Precision segment is engaged in the provision of precision parts for industrial equipment, optical equipment, office and communication equipment. It also operates logistics business.