Tsurumi Manufacturing Co., Ltd. Provides Earnings Guidance for the Six Months Ending September 30, 2022 and Fiscal Year Ending March 31,2023
May 19, 2022 at 01:00 am EDT
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Tsurumi Manufacturing Co., Ltd. provided earnings guidance for the Six months ending September 30, 2022 and Fiscal year ending March 31,2023. For the Six months, the company expects net sales to be JPY 22,300 million. Operating profit is expected to be JPY 2,430 million. Profit attributable to owners of parent is expected to be JPY 1,850 million. Basic earnings per share is expected to be JPY 74.22.
For the Fiscal year, the company expects net sales to be JPY 52,500 million. Operating profit is expected to be JPY 5,600 million. Profit attributable to owners of parent is expected to be JPY 4,300 million. Basic earnings per share is expected to be JPY 172.51.
TSURUMI MANUFACTURING CO.,LTD. is a Japan-based company engaged in manufacture and sale of pumps and related equipment. The Company operates through three geographic segments including Japan, North America and China. The Company is engaged in production, purchasing, sale and leasing of flagship submersible pumps, other pumps, environmental equipment and peripheral equipment. The Company is also engaged in related business, such as associated repair and after-sales service, installation of machinery and equipment, civil engineering work, electrical work, piping work, construction of water supply facilities, construction of steel structures, sale of secondhand and leasing of fixed assets, among others. The Japan segment is engaged in the manufacture and sale of pumps and related equipment, engineering and other businesses. The subsidiary is also engaged in real estate leasing business and leasing of machinery, office equipment and vehicles.
TSURUMI MANUFACTURING CO.,LTD. 
