Car Mate Mfg. Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020; Provides Dividend Guidance for the Year Ending March 31, 2020
February 04, 2020 at 02:20 am EST
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Car Mate Mfg. Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2019. For the nine months, the company reported net sales of JPY 13,990 million compared to JPY 16,170 million a year ago. Operating profit was JPY 1,250 million compared to JPY 472 million a year ago. Profit attributable to owners of parent was JPY 950 million compared to JPY 903 million a year ago. Basic earnings per share was JPY 134.74 compared to JPY 124.81 a year ago.
For the year ending March 31, 2020, on consolidated basis, the company expects net sales of JPY 16,843 million, operating profit of JPY 1,106 million, profit attributable to owners of parent of JPY 675 million and basic earnings per share of JPY 95.77.
The company expects to pay dividend of JPY 12.00 per share for the year ending March 31, 2020 against JPY 12.00 per share paid a year ago.
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 Nine Months Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020; Provides Dividend Guidance for the Year Ending March 31, 2020