Suminoe Textile Co. Ltd. Announces Consolidated Earnings Results for the Six Months Ended November 30, 2018; Provides Consolidated Earnings Guidance for the Full Year Ending May 31, 2019; Announces Dividend for the Six Months Ended November 30, 2018, Payable on February 12, 2019; Provides Year End Dividend Guidance for the Year Ending May 31, 2019
January 10, 2019
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Suminoe Textile Co. Ltd. announced consolidated earnings results for the six months ended November 30, 2018. For the six months, the company announced net sales of JPY 49,309 million against JPY 49,195 million a year ago. Operating income was JPY 1,351 million against JPY 1,332 million a year ago. Profit attributable to owners of parent was JPY 493 million or JPY 67.20 per basic share against JPY 872 million or JPY 115.68 per basic share a year ago. Profit was JPY 833 million compared to JPY 1,284 million a year ago.
For the full year ending May 31, 2019, the company expected net sales of JPY 97,500 million, operating income of JPY 3,100 million and profit attributable to owners of parent of JPY 1,900 million. The company expected profit per basic share of JPY 258.58.
For the six months ended November 30, 2018, the consolidated company announced dividend of JPY 35 per share compared to JPY 3.5 per share paid a year ago. The dividend will be payable on February 12, 2019.
For the fiscal year ending May 31, 2019, the company expected to pay year-end dividend of JPY 35 per share compared to JPY 35 per share paid a year ago.
Suminoe Textile Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of interior products, automobile interior materials and functional materials. The Company operates through three business segments. The Interior segment is engaged in the manufacture, sale and decoration of carpets, curtains, wallpaper, various flooring materials, among others. The Automobile and Vehicle Interior segment is engaged in the manufacture and sale of interior materials such as automobiles, buses, railway vehicles and aircraft. The Functional Material segment is engaged in the manufacture and sale of hot carpets and deodorant-related products. In addition, the Company is also engaged in test contracting business.
Suminoe Textile Co. Ltd. Announces Consolidated Earnings Results for the Six Months Ended November 30, 2018; Provides Consolidated Earnings Guidance for the Full Year Ending May 31, 2019; Announces Dividend for the Six Months Ended November 30, 2018, Payable on February 12, 2019; Provides Year End Dividend Guidance for the Year Ending May 31, 2019
SUMINOE TEXTILE CO., LTD. 
