Tsubaki Nakashima Co., Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019; Provides Earnings Guidance for Six Months Ending June 30, 2019 and Fiscal Year Ending December 31, 2019
May 14, 2019 at 08:00 am
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Tsubaki Nakashima Co., Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2019. For the year, the company reported sales of JPY 18,183 million compared to JPY 19,490 million a year ago. Operating profit was JPY 2,393 million compared to JPY 2,772 million a year ago. Net profit for the period was JPY 1,646 million compared to JPY 1,737 million a year ago. Basic earnings per share was attributable to owners of the parent was JPY 41.19 compared to JPY 43.64 a year ago. Diluted earnings per share was attributable to owners of the parent was JPY 40.59 compared to JPY 42.49 a year ago.
For the six months ending June 30, 2019, on consolidated basis, the company expects sales of JPY 36,600 million, operating profit of JPY 5,500 million, net profit for the period attributable to owners of the parent of JPY 3,750 million and basic earnings per share of JPY 93.94.
For the fiscal year ending December 31, 2019, on consolidated basis, the company expects sales of JPY 77,000 million, operating profit of JPY 11,700 million, net profit for the period attributable to owners of the parent of JPY 8,000 million and basic earnings per share of JPY 200.40.
TSUBAKI NAKASHIMA CO., LTD. is a Japan-based company principally engaged in the manufacture and sale of precision balls, ball screws and air blowers. The Company operates through three segments. The Precision Component segment is engaged in the manufacture and sale of ball bearings, ceramic balls, cemented carbide balls, glass balls, plastic balls, carbon steel balls and other precision ball products, as well as rollers, retainers and sheet metal parts. The Linear segment is engaged in the manufacture and sale of precision ball screws, ball screws for high-load, precision miniature ball screws, caged precision ball screws, hollow shaft ball screws, precision rolled ball screws, general industrial ball screws and other ball screw products, as well as air blowers. The Others segment is engaged in the real estate leasing business.
Tsubaki Nakashima Co., Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019; Provides Earnings Guidance for Six Months Ending June 30, 2019 and Fiscal Year Ending December 31, 2019