Tsubakimoto Chain Co. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
February 05, 2020
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Tsubakimoto Chain Co. reported consolidated earnings results for the nine months ended December 31, 2019. For the period, net sales were JPY 169,139 million against JPY 176,180 million a year ago. Operating income was JPY 12,623 million against JPY 17,644 million a year ago. Ordinary income was JPY 13,310 million against JPY 18,028 million a year ago. Net income was JPY 9,623 million against JPY 12,775 million a year ago. Earnings per share-basic were JPY 255.51 against JPY 337.51 a year ago.
For the year ending March 31, 2020, on consolidated basis, the company expects net sales of JPY 235,000 million, operating income of JPY 16,100 million, ordinary income of JPY 16,400 million, net income of JPY 11,700 million or JPY 310.65 per share.
TSUBAKIMOTO CHAIN CO. is mainly engaged in the manufacture and sale of chains for power transmission and transportation use, variable speed reducers, linear working units, timing chains, power drive chains, conveyors and transportation systems. In addition, the Company is also involved in the manufacture, sale, research and development of automotive parts and material handling equipment. The Company operates through four segments: Chain, Precision Equipment, Automobile Parts and Material handling segments. The Chain segment offers standard form chains, oil-free chains, powerful chains, standard conveyor chains and free flow chains, as well as cable chains and cable accessories, among others. The Precision Equipment segment provides gear motors, gear-boxes, tensioners, guides, levers, sprockets, among others. The Automobile Parts segment provides tensioners, guides, power drive chains and others. The Material Hnadling segment provides systems for the logistics industry and others.
Tsubakimoto Chain Co. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
TSUBAKIMOTO CHAIN CO. 
