Tsurumi Manufacturing Co., Ltd. Provides Earnings Guidance for the Six Months Ending September 30, 2023 and Fiscal Year Ending March 31,2024
May 19, 2023 at 01:00 am EDT
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Tsurumi Manufacturing Co., Ltd. provided earnings guidance for the Six months ending September 30, 2023 and Fiscal year ending March 31, 2024. For the Six months, the company expects net sales to be JPY 26,100 million. Operating profit is expected to be JPY 2,350 million. Profit attributable to owners of parent is expected to be JPY 2,210 million. Basic earnings per share is expected to be JPY 90.18.
For the Fiscal year, the company expects net sales to be JPY 56,300 million. Operating profit is expected to be JPY 6,700 million. Profit attributable to owners of parent is expected to be JPY 5,600 million. Basic earnings per share is expected to be JPY 228.52.
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. 
