Shizuki Electric Company Inc. Announces Consolidated Earnings Results for the First 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
July 31, 2019 at 12:00 am EDT
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Shizuki Electric Company Inc. announced consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company announced net sales of JPY 5,416 million against JPY 4,857 million a year ago. Operating profit was JPY 126 million against JPY 207 million a year ago. Profit attributable to owners of parent was JPY 4 million or JPY 0.13 per basic share against JPY 200 million or JPY 6.07 per basic 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 11,300 million, operating profit of JPY 520 million and profit attributable to owners of parent of JPY 380 million or JPY 11.52 per basic share.
For the full year 2020, the company expects to report net sales of JPY 23,800 million, operating profit of JPY 1,240 million and profit attributable to owners of parent of JPY 710 million or JPY 21.52 per basic share.
SHIZUKI ELECTRIC COMPANY INC. is a Japan-based company mainly engaged in the manufacture and sale of film capacitors and related products, as well as the power equipment system business. The Company operates in two business segments. The Capacitor and Module segment is engaged in the manufacture and sale of capacitors for air conditioners, automobiles, washing equipment, ventilation fans, railway vehicles, control equipment and others. The Electric Power Equipment System segment is engaged in the manufacture and sale of electric power equipment such harmonic countermeasure equipment, railway power supply equipment, electric furnace equipment, power receiving and transforming equipment, instantaneous voltage drop compensation devices and others. The Company is also engaged in the information equipment system business. The Company operates within the domestic market and to overseas markets, including the United States, China and Southeast Asian.
Shizuki Electric Company Inc. Announces Consolidated Earnings Results for the First 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
SHIZUKI ELECTRIC COMPANY INC. 
