Hokuto Corporation Announces Consolidated Earnings Results for the Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2019 and for the Full Year Ending March 31, 2020
August 01, 2019
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Hokuto Corporation announced consolidated earnings results for the quarter ended June 30, 2019. For the quarter, the company announced net sales of JPY 15,738 against JPY 13,774 million a year ago. Operating loss was JPY 610 million against JPY 1,721 million a year ago. Loss attributable to owners of parent was JPY 582 million or JPY 18.39 per basic share against JPY 1,041 million or JPY 32.35 per diluted share a year ago.
The company provided consolidated earnings guidance for the six months ending September 30, 2019 and for the full year ending March 31, 2020. For the six months, the company expects to report net sales of JPY 31,600 million, operating loss of JPY 3,060 million and loss attributable to owners of parent of JPY 2,330 million or JPY 69.85 per share.
For the full year, the company expects to report net sales of JPY 72,200 million, operating profit of JPY 2,710 million and profit attributable to owners of parent of JPY 2,120 million or JPY 63.55 per share.
HOKUTO CORPORATION is a Japan-based company principally engaged in the manufacture and sale of mushrooms. The Company operates in three business segments. The Mushroom segment produces and sells planting pots, seeds and fungus, as well as various kinds of mushrooms. The Chemical segment manufactures cultivating materials and sells cultivating machinery, wrapping machinery and materials, as well as wrapping materials, containers and machinery for food and other products. The Retort Food segment manufactures various retort pouch food, such as curry soup and other products. The Company operates its business mainly in Japan, Taiwan and the United States. As of March 31, 2014, the Company had seven subsidiaries.
Hokuto Corporation Announces Consolidated Earnings Results for the Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2019 and for the Full Year Ending March 31, 2020