Toyo Machinery & Metal Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the period, the company reported net sales of JPY 7,956 million compared to JPY 7,729 million a year ago. Operating income was JPY 531 million compared to JPY 555 million a year ago. Ordinary income was JPY 563 million compared to JPY 565 million a year ago. Profit attributable to owners of the parent was JPY 349 million or JPY 17.36 per basic earnings per share compared to JPY 359 million or JPY 19.12 per diluted share a year ago.

For the fiscal first half of 2019, on consolidated basis, the company expects net sales of JPY 16,000 million, operating income of JPY 1,000 million, ordinary income of JPY 1,100 million and profit attributable to owners of the parent of JPY 640 million or JPY 31.13 per share.

For the year ending March 31, 2020, on consolidated basis, the company expects net sales of JPY 32,000 million, operating income of JPY 2,200 million, ordinary income of JPY 2,200 million and profit attributable to owners of the parent company of JPY 1,350 million or JPY 65.66 per share.