Car Mate Mfg. Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended of June 30, 2019; Provides Earnings Guidance for the Full Year Ending March 31, 2020
July 31, 2019 at 03:00 am EDT
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Car Mate Mfg. Co., Ltd. reported consolidated earnings results for the first quarter ended of June 30, 2019. For the quarter, the company reported net sales of JPY 3,591 million compared to JPY 4,165 million a year ago. Operating profit was JPY 76 million compared to loss of JPY 77 million a year ago. Profit attributable to owners of parent was JPY 85 million compared to loss of JPY 29 million a year ago. Basic earnings per share was JPY 12.06 compared to LPS of JPY 3.92 a year ago.
For the year ending of March 31, 2020, the company expects net sales to be of JPY 16,843 million. Operating profit is expected to be of JPY 1,106 million. Profit attributable to owners of parent is expected to be of JPY 675 million. Basic earnings per share is expected to be of JPY 95.77.
CAR MATE MFG. CO., LTD. is a Japan-based company mainly engaged in the car-related business and outdoor, leisure and sports-related businesses. The Company operates through two business segments. The Car related segment is engaged in the manufacture and sale of car accessories, child seats, transportation racks and tire chains, small chemicals for vehicles, and electronic and electrical equipment. The Outdoor, leisure and sports related segment is engaged in the manufacture and sale of snowboard sporting goods and sale of bicycle related products. Main brands include Inno, ailebebe, dâAction360, giga, dr.deo, drivemate, and flux.
Car Mate Mfg. Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended of June 30, 2019; Provides Earnings Guidance for the Full Year Ending March 31, 2020
CAR MATE MFG. CO., LTD. 
