Yokowo Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2020; Provides Consolidated Earnings Guidance for the Six Months Ending September 2020 and Year Ending March 31, 2021
May 14, 2020 at 04:00 am
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Yokowo Co., Ltd. reported consolidated earnings results for the year ended March 31, 2020. For the period, the company reported net sales of JPY 60,595 million against JPY 54,752 million a year ago. Operating profit was JPY 4,916 million against JPY 3,028 million a year ago. Profit attributable to owners of parent was JPY 3,440 million against JPY 2,209 million a year ago. Basic earnings per share was JPY 169.85 against JPY 109.18 a year ago. Diluted earnings per share was JPY 169.52 against JPY 108.83 a year ago.
The company provided consolidated earnings guidance for the six months ending September 2020 and year ending March 31, 2021. For the six months ending September 2020, the company expects net sales of JPY 25,000 million, operating profit of JPY 1,000 million, profit attributable to owners of parent of JPY 450 million and basic earnings per share of JPY 22.18.
For the year ending March 31, 2021, the company expects net sales of JPY 55,000 million, operating profit of JPY 4,000 million, profit attributable to owners of parent of JPY 2,600 million and basic earnings per share of JPY 128.17.
YOKOWO CO., LTD. is a Japan-based company primarily engaged in the manufacture and sale of various types of electronic equipment. The Company operates in three business segments. The Vehicle Communication equipment segment supplies various of on-board antennas covering broad frequency ranges, including those for inter-vehicle and road-to-vehicle communications in advanced driver assistance systems (ADAS) and automated driving systems, in step with trends towards more compact composite models, media diversification and radio frequency identifier (RFID) support. The Circuit Testing Connectors segment provides connectors and test systems for the front to back-end testing. The Wireless Communication Equipment segment provides connectors for small mobile devices and point of sale (POS) devices.
Yokowo Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2020; Provides Consolidated Earnings Guidance for the Six Months Ending September 2020 and Year Ending March 31, 2021