Sanken Electric Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Second Quarter and Full Year of the Fiscal Year Ending March 31, 2020
August 05, 2019
Share
Sanken Electric Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the period, the company reported net sales of JPY 37,807 million against JPY 42,680 million a year ago. Operating loss was JPY 716 million against operating profit of JPY 2,529 million a year ago. Ordinary loss was JPY 1,072 million against Ordinary profit of JPY 5,026 million a year ago. Loss attributable to owners of parent was JPY 2,133 million against profit of JPY 563 million a year ago. Net loss per share was JPY 88.04 against net income per share of JPY 23.24 a year ago.
For the second quarter, the company expects net sales of JPY 80,400 million, ordinary loss of JPY 700 million, loss attributable to owners of parent of JPY 2,800 million and net loss per share of JPY 115.55.
For the full year, the company expects net sales of JPY 168,400 million, operating income of JPY 5,800 million, ordinary income of JPY 4,300 million, profit attributable to owners of parent of JPY 600 million and net income per share of JPY 24.76.
Sanken Electric Co Ltd is a Japan-based semiconductor manufacturing company. The Company operates in two business segments. The Semiconductor Device segment is engaged in the manufacture and sale of semiconductor devices, such as power modules, power integrated circuits (IC), control ICs, hall sensors, transistors, diodes, light-emitting diodes (LED), LED lighting products. The Power System segment is involved in the manufacture and sale of uninterruptible power supply (UPS) products, general purpose inverters, direct current power supply units, high intensity air fault lamps, power storage systems, power conditioners, switching power supply products and transformers.
Sanken Electric Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Second Quarter and Full Year of the Fiscal Year Ending March 31, 2020