Seiko Electric Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2023 and Fiscal Year Ending December 31, 2024
February 08, 2024 at 03:00 am EST
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Seiko Electric Co., Ltd. provided consolidated earnings guidance for the six months ending June 30, 2023 and fiscal year ending December 31, 2024 . For the six months, the company expects to report net sales of JPY 13,000 million, operating profit of JPY 850 million, profit attributable to the owners of parent of JPY 620 million, and basic earnings per share of JPY 49.19.
For the full year, the company expects to report net sales of JPY 30,000 million, operating profit of JPY 2,000 million, profit attributable to the owners of parent of JPY 1,350 million, and basic earnings per share of JPY 107.11.
SEIKO ELECTRIC CO., LTD. is a Japan-based company mainly engaged in the electric power business, environmental energy business, information business and service business. The Company has four business segments. The Power segment is engaged in the manufacture and sale of power control systems, power switching devices, distribution automation equipment and intelligence equipment. The Environment and Energy segment is mainly engaged in the manufacture and sale of public and environmental systems, industrial plant systems, power distribution systems and storage systems. The Information segment is mainly engaged in the manufacture and sale of cloud service products for ports, healthcare and e-learning services. The Service segment is mainly engaged in the provision of engineering services of electrical equipment, and the insurance agency business. The Company is also engaged in the electrical construction business and the equipment installation business.
SEIKO ELECTRIC CO., LTD. 
