Shizuki Electric Company Inc. Provides Dividend Guidance for the Year Ending March 2020; Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
February 13, 2020 at 11:00 pm EST
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Shizuki Electric Company Inc. provided dividend guidance for the year ending March 2020. For the year, the company expects to pay dividend of JPY 6.00 per share compared to JPY 6.00 per share paid a year ago.
The company reported consolidated earnings results for the nine months ended December 31, 2019. For the period, net sales were JPY 17,315 million against JPY 15,966 million a year ago. Operating profit was JPY 748 million against JPY 765 million a year ago. Profit attributable to owners of parent was JPY 411 million against JPY 499 million a year ago. Basic earnings per share were JPY 12.47 against JPY 15.13 a year ago.
For the year ending March 31, 2020, the company expects consolidated net sales of JPY 23,800 million, operating profit of JPY 1,240 million, profit attributable to owners of parent of JPY 710 million and basic earnings per share of JPY 21.52.
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. Provides Dividend Guidance for the Year Ending March 2020; Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
SHIZUKI ELECTRIC COMPANY INC. 
