Tsubakimoto Chain Co. Reports Consolidated Earnings Results for the Three Months Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Half-Year Ending September 30, 2019 and Year Ending March 31, 2020
July 25, 2019
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Tsubakimoto Chain Co. reported consolidated earnings results for the three months ended June 30, 2019. For the period, net sales were JPY 55,894 million against JPY 55,480 million a year ago. Operating income was JPY 3,659 million against JPY 5,426 million a year ago. Net income was JPY 3,201 million against JPY 4,204 million a year ago. Earnings per share-basic were JPY 84.58 against JPY 111.09 a year ago.
For the period ending September 30, 2019, on a consolidated basis, the company expects net sales of JPY 120,000 million, operating income of JPY 9,400 million, net income of JPY 7,100 million or JPY 187.58 per share.
For the year ending March 31, 2020, on consolidated basis, the company expects net sales of JPY 249,000 million, operating income of JPY 20,800 million, net income of JPY 15,100 million or JPY 298.94 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 Three Months Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Half-Year Ending September 30, 2019 and Year Ending March 31, 2020
TSUBAKIMOTO CHAIN CO. 
